This is the edited transcript of the Competition Lore podcast episode 4, Do competition authorities need to transform themselves in a digitally transformed world? with Antonio Gomes.
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The digital revolution affecting economies and societies cuts across multiple areas of government policy and is engendering an active dialogue between policymakers. The Organisation for Economic Cooperation and Development is playing a key role in advancing this dialogue and no more so than in the area of competition policy.
Should governments be regulating powerful data-driven companies? What tools and skills do competition authorities need to protect competition in a digital economy? How should different government authorities work together in this mission?
These are the questions that the Head of the Competition Division of the OECD, Antonio Gomes and his colleagues, are asking and they’re bringing stakeholders from government, academia and business together to find the answers.
In this episode of Competition Lore, Antonio shares the latest thinking of the Competition Division on the challenges and opportunities for competition authorities grappling with the digital transformation of markets.
In a wide ranging discussion, we touch on vertical restraints in e-commerce, market definition and power in multi-sided markets, and the importance and timing of intervention to promote innovation, amongst other things.
While great care has been taken in the preparation of the transcript, there may be some minor errors.