Explore the complex landscape of competition policy and its challenges in regulating tech giants in this 34-minute panel discussion from Web Summit 2017. Gain insights from leading experts including Federal Trade Commission's Terrell McSweeny, Bundeskartellamt's Andreas Mundt, Oxford University's Ariel Ezrachi, Belgian Competition Authority's Jacques Steenbergen, and POLITICO's Ryan Heath. Delve into topics such as the limitations of current competition toolkits, the rapid growth of tech companies, and the struggle of competition enforcers to keep pace. Examine the power and confidence of competition agencies, the concept of algorithmic regulation, and the potential for "dawn raids" on algorithms. Discuss the evolution of competition law in the face of new technologies, personalized pricing, and the differences between US and EU approaches to antitrust enforcement. Analyze the role of private litigation, competition agencies, and the complaints surrounding the EU system in shaping the future of competition policy.
Overview
Syllabus
Introduction
Competition toolkit limitations
Tech companies are spoiled brats
Competition enforcers cant keep up
Competition regulators are tough
Is antitrust enforcement an exposed activity
The power of competition agencies
Are you confident that enough has been done
Should you have the right to go into an algorithm
Is this a case
Dawn raids on algorithms
Follow up question
The right idea
Compliance by design
Competition law remains the same
Algorithms
Personalized pricing
US and EU context
US FTC
European Commission
Checks and balances
Private litigation
Competition agencies
Complaints about the EU system
Taught by
Web Summit
