Big Tech and the Digital Economy

The Moligopoly Scenario is an ambitious monograph that discusses the nature of competition in digital markets and explores the role of competition law and regulation. It is a provocative read that is full of ideas cutting across disciplines and legal regimes and challenging many of the tools and intuitions that are too often taken for granted. It will spark lively debates and is a valuable reminder that complex emerging phenomena require us to think hard, not to rush to ready-made answers. * Pablo Ibanez, Professor, London School of Economics * This is an unusual and extraordinary book. It combines law, economics, textual analysis, critical thinking and a fair amount of philosophy. Its thesis is bound to be polemical, but it is damn well argued; defended with passion and zeal but also with data and logic. I hope it attracts as much attention as it deserves and causes as much debate and controversy as it merits. * Jorge Padilla, Compass Lexecon, Senior Managing Director, Europe * Petit documents intense levels of broad based competition faced (and delivered) by big tech firms and he tries to reconcile this with the moniker of monopoly that some antitrust scholar and regulators ('Neostructuralists') attach to Facebook, Apple, Amazon, Netflix, and Google. He finds the confusion stems less from ideology than from analytical framework used. Petit offers new and refreshing ways to think about competition in environments when there is deep uncertainty. The book is a must read for anyone interested in competition policy towards big tech. His framework challenges received wisdom and is much welcomed. * David Teece, Professor, University of California, Berkeley * With his 'moligopoly hypothesis' Nicolas Petit has set forth a fresh and insightful perspective on the tech giants that will challenge the preconceptions of the firms' populist critics, their Chicago School defenders, and competition law officials as well. * A.Douglas Melamed, Professor of the Practice of Law, Stanford Law School *