Protecting the Competitive Process, not a Competitive Structure: Reflections on the book by Nicolas Petit Big Tech and the Digital Economy
Nicolas Petit’s Big Tech & the Digital Economy — The Molygopoly Scenario offers a most stimulating insight into the conditions of competition between digital ecosystems and emphasises its dynamic aspects by placing the question of innovation in a context of uncertainty at the centre of its subject matter. This review aims to present the analysis carried out by Nicolas Petit and his proposals in terms of controlling the strategies of the firms through competition rules. It puts Nicolas Petit’s work into perspective by successively considering three dimensions: the comeback of structuralist analyses of competition, considering it from the perspective of an effective rivalry on the market, the understanding of competition both as competition in the market and competition for the market, and finally the analysis of the enforcement of competition rules in molygopolistic markets.
A first version of this GREDEG working paper was published in the Chillin’competition blog