Rising corporate market power, technological change and competition policy

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dc.contributor.authorDI BUCCHIANICO, Stefano
dc.contributor.authorROSSI, Maria Alessandra
dc.date.accessioned2025-05-28T15:44:21Z
dc.date.available2025-05-28T15:44:21Z
dc.date.issued2025
dc.descriptionPublished: 20 May 2025
dc.description.abstractRecent debates on the reform of competition policy have been heavily influenced by a novel stream of macroeconomic literature highlighting a long-term trend of rising corporate market power. In this chapter, we provide an overview of this stream of research and evaluate to what extent it supports different claims often made on its basis. An accurate identification of the underlying methodological issues indicates that this scholarship is, in its current state, intrinsically unable to provide precise indications as to how competition policy should evolve. However, it allows us to pin down significant aggregate mutations in the economy, and how they shape the context whereby competition policy enforcement takes place. Most importantly, it highlights that the impact of market power (and therefore of competition policy) on the economy may be larger and more significant than it is usually assumed, thus calling for a lower weighting of the risk of Type I errors.en
dc.identifier.citationPier Luigi PARCU, Maria Alessandra ROSSI and Marco BOTTA (eds), Research handbook on competition and technology, Cheltenham ; Northampton : Edward Elgar Publishing, 2025, Research handbooks in competition law, pp. 67-86
dc.identifier.doi10.4337/9781035302642.00012
dc.identifier.isbn9781035302635
dc.identifier.isbn9781035302642
dc.identifier.urihttps://hdl.handle.net/1814/92744
dc.language.isoen
dc.publisherEdward Elgar Publishing
dc.subjectMarket power
dc.subjectMark-ups
dc.subjectConcentration
dc.subjectMacroeconomic trends
dc.subjectCompetition policy
dc.titleRising corporate market power, technological change and competition policyen
dc.typeContribution to book
dspace.entity.typePublication
person.identifier.other34964
relation.isAuthorOfPublicationcd45f58c-6eb1-45e0-8c7c-ac0d0b0a572d
relation.isAuthorOfPublication.latestForDiscoverycd45f58c-6eb1-45e0-8c7c-ac0d0b0a572d
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