Valeriya A. Dudrina, Valeriia D. Sluzhevskaiia Restriction of Competition on “Traditional” and Multi-lateral Markets: Common Features and Peculiarities

Abstract

Though multi-sided markets are not a new phenomenon, scientists and regulators’ interest in this subject started to rise significantly exactly with the economy's digitalization. The proliferation of such markets inevitably raises a number of questions for economists and antitrust regulators: what are multilateral markets? How much do they differ from the «traditional» ones? What approach should we choose for their regulation: ignore the differences between the two types of the markets, or, on the contrary, focus exactly on them? The answers given to the above questions are of great importance, since they will determine both the future of antitrust policy as well as the welfare of consumers and firms.

This paper examines the differences and similar characteristics of «traditional» and multi-sided markets, as well as the theoretical aspects of their regulation. Also, the authors of the paper analyze the approaches used by antitrust regulators in the EU, Germany, the United Kingdom, the United States and Russia.

Key words: multi-sided markets, platforms, international antitrust.

JEL codes: K21, L40, O32

Valeriya A. Dudrina, Valeriia D. Sluzhevskaiia Restriction of Competition on “Traditional” and Multi-lateral Markets: Common Features and Peculiarities // Scientific Research of Faculty of Economics. Electronic Journal. 2020. Volume 12. Issue 4. P. 56-87