The right sort of competition

What is competition policy for?

Wrestling with reality

  • Network effects and economies of scale — where a platform’s power increases with the number of people using the platform, making it effectively invincible.
  • Unequal access to user data — “digital platforms collect vast quantities of unique user data, which gives them a significant competitive advantage when providing data-driven services”.
  • Consumer decision making and the power of defaults — where platforms’ control over default settings effectively gives them control over what choices consumers are presented with; which may be used to “influence the platform’s ability to collect users’ data”.
  • Lack of transparency around complex decision-making algorithms.
  • The importance of ecosystems — where large collections of integrated, complementary products and services are designed in a way that favours the firm’s own services.

What we said

Joining the dots

  • Data: A New Deal consultation to reform data protection regulations
  • National Data Strategy
  • Single Login for Government
  • National Identity and Attributes Trust Framework
  • Open Finance
  • Pensions Dashboard programme
  • Modernisation of Lasting Power of Attorney
  • NHS consultation on data sharing
  • Scottish Attribute Provider Service

--

--

--

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Netflix is already a global phenomenon; where does it go from here?

2017 Tesla Model S — Crash Tests

Milton Friedman Was Right on One Point

China Manufacturing: The Cost of Over-Reliance

A ribbon encircling the globe with a container ship, an airplane, and a box truck to represent manufacturing and distribution

As supermarkets change, who will be the winners?

IMAGE: A line of empty shopping carts in a supermarket

Why open-source banking is the future

IMAGE: A green robot on a blue background filled with financial charts

What kind of world will China lead?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Alan Mitchell

Alan Mitchell

More from Medium

Design Hero: Erik Nitsche

Leadership in the streets: Taking it back where it all started

CS373 Spring 2022: Christopher Carrasco — Week 7