This is the edited transcript of the Competition Lore podcast episode 1, What are data-opolies and should we be worried about them? with Professor Maurice Stucke.
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There has been vigorous debate about the concentration of market power in super-platforms like Google and Facebook. Do we have the policy tools to preserve competition? What are the implications of increasingly powerful data-opolies? The new economy has led some scholars to question the economic theories that have underpinned competition policy since the '80s, and in some parts of the world, politicians and policymakers are taking notice.
One of the clearest voices challenging the orthodoxy is Professor Maurice Stucke. He has highlighted a series of economic, political and social harms associated with the rise of large data-driven business models. His co-authored books on Big Data and Competition Policy and Virtual Competition have attracted enormous attention internationally.
In this episode of Competition Lore, Professor Stucke explains what data-opolies are, and why he says we should worry about them.
While great care has been taken in the preparation of the transcript, there may be some minor errors.