Regulating Digital Markets: The European Approach (Palgrave Studies in Institutions, Economics and Law) - Hardcover

Manganelli, Antonio; Nicita, Antonio

Hardcover

ISBN 10: 3030893871 ISBN 13: 9783030893873

Publisher: Palgrave Macmillan, 2022

Synopsis

This book illustrates the challenges that regulators and policy makers have faced in the transition from the ‘old’ network industries to the new digital ecosystem. It succinctly describes the evolution of digital economy, its main actors, notably global digital platforms, as well as its interactions, interdependences, and trade-offs. Eventually, it proposes insights about why public rules are needed, what kind of rules could be more effective, fair, and efficient, and who should pose and enforce them. 

The book is opened by an introduction, dealing with Digital Transformation, Big Techs, and Public Policies, which provides a general conceptual and thematic framework to the following analysis but could be also read as a stand-alone paper. The following chapters are grouped in two parts:  I. The Evolution of Digital Markets and Digital Rights, and II. Regulating Big Tech’s Impact on Market and Society.

The secondary title - the European approach – has a twofold meaning. It highlights the fact that this work has a clear focus on EU law and policy - although the economic and institutional issues addressed are global phenomena, common to all world’s economies. In addition, it also underlines that European digital policy is not yet complete and effective. This book intends to provide a small contribution to the ongoing policy making process, as well as to the wider academic and policy debate.

About this title

About the Author

Antonio Manganelli is professor of Antitrust (LUMSA University, Italy) and Competition Law and Policy (University of Siena, Italy).  He previously served in a number of  EU and national public institutions, e.g., the Italian Regulatory Authority for Electronic Communications (AGCOM), the UK Competition and Markets Authority (CMA), the Office of the Body of European Regulators for Electronic Communications (BEREC). Antonio holds a PhD in Law and Economics from the University of Siena.

Antonio Nicita is full professor of Economic Policy at LUMSA University (Italy) and is member of the Regulatory Scrutiny Board at the European Commission. He has served as Commissioner of the Italian Regulator for Telecom and Media markets (AGCOM) and as member of the Steering Group in Regulation & Emerging Technologies at the OECD. He held academic positions in several universities, e.g., University of Rome, La Sapienza (Italy); Yale University (USA); University of Paris X-Nanterre (France); the European University Institute (EU), and the University of Cambridge (UK). Antonio  holds a PhD in Economics from the University of Siena.      

From the Back Cover

This book explores the regulatory options for digital platforms and data economies. The trade-offs between the market value of information and individual privacy rights are examined to provide rationale for regulation and policy suggestions. A general conceptual framework is provided for digital transformation, big tech, and public policies, with additional analysis of the legal aspects of the digital revolution and how digital intermediaries can influence consumption.

This book aims to highlight the impact of digital platforms and to provide insight into the current policy debate. It is relevant to students, researchers, and policymakers interested the data economy, digital policy, and consumer protection.

Edition details

• Publisher: Palgrave Macmillan
• Publication date: 2022
• Language: English
• ISBN 10: 3030893871
• ISBN 13: 9783030893873
• Binding: Hardcover
• Edition number: 1
• Number of pages: 220