Algorithmic Antitrust

Algorithms are used by companies to gain an edge over competitors in the marketplace, but they can also pose competitive risks. This book provides an innovation-driven perspective on the way antitrust agencies should approach algorithmic antitrust, assessing whether these risks have materialized and whether antitrust laws need to be adapted. It emphasizes the European perspective and brings together experts to discuss the implications of algorithmic antitrust for regulation and innovation.

Format: Paperback / softback
Length: 176 pages
Publication date: 23 January 2023
Publisher: Springer Nature Switzerland AG

Algorithms are omnipresent in our daily lives, profoundly impacting various aspects of our interactions and transactions. These algorithms not only shape our shopping experiences but also influence how we engage with others and participate in the marketplace. Moreover, they play a significant role in shaping competition within the economy. Companies utilize advanced algorithms as cutting-edge tools to gain an edge over their competitors. While antitrust agencies have acknowledged the competitive advantages that algorithms offer, they have also recognized the associated competitive risks. Over the past few years, numerous algorithm-driven companies in the digital economy have faced investigations, prosecutions, and fines, often accused of unfair algorithm design. Legislative proposals have emerged to regulate the way algorithms shape competition, giving rise to the concept of "algorithmic antitrust." This book offers a fresh perspective on how antitrust agencies should approach algorithmic antitrust, focusing on promoting innovation rather than solely mitigating risks.

To date, the analysis of algorithmic antitrust has largely been influenced by pessimistic perspectives on the potential risks algorithms pose to the competitive environment. However, with the benefit of lessons learned over the past few years, this book aims to assess whether these risks have materialized and whether antitrust laws need to be adapted accordingly. Effective algorithmic antitrust requires a comprehensive assessment of the pro- and anti-competitive effects of algorithms based on concrete evidence and innovation-related concerns. With a particular emphasis on the European perspective, this book brings together experts and examines the implications of algorithmic antitrust for regulation and innovation.

In conclusion, algorithms have revolutionized the way we live and work, and their impact on competition is undeniable. While antitrust agencies have recognized the competitive benefits of algorithms, they must also address the associated risks. This book provides a valuable contribution to the ongoing debate by offering a more innovation-driven perspective on how antitrust agencies should approach algorithmic antitrust. By assessing the pro- and anti-competitive effects of algorithms based on concrete evidence and innovation-related concerns, we can ensure that the digital economy remains fair, competitive, and dynamic.

Weight: 291g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030858612
Edition number: 1st ed. 2022