06.06.2019 In the framework of SPIEF 2019, experts from the NII KPU participated in the session “Prospects for the Development of Competition in the Digital Economy”.

The transition to a digital economy led to the emergence of new methods of competition: the struggle for user data — the “new oil” of the economy — and market share. The largest technology platforms - Amazon, Apple, Facebook, Google, Microsoft - built their own business empires on the data and strengthened their dominance. Some competitive methods have yet to be assessed by regulators, such as using parser software to access data from other companies and curbing such use by data owners, prioritizing search results and posting information, limiting the distribution of competing services. Other methods — such as price coordination and bid-rigging using software — are already found to be against the law, and regulators are sharpening their skills to identify such violations.

The session experts discussed a number of questions, among which are: how much further strengthening is required, or are there enough standards and codes of conduct that are developed by the industry players themselves? In what direction is the competitive environment changing and what antimonopoly regulation measures does the business expect? Where is the boundary between the allowable behavior of the technology platform and the abuse of market power? Why do individual players, such as Facebook, advocate Internet regulation? How applicable is Germany’s experience in limiting the amount of data Facebook can collect about its inhabitants, and how unified should the regulation of the economy be between countries?

A source: https://roscongress.org