Is the Proposed Digital Markets Act the Cure for Europe’s Platform Ills? Evidence from the European Commission’s Impact Assessment
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The Digital Markets Act (DMA) and current reconsideration of competition policy in the digital era provide an opportunity to diagnose accurately the issues with platforms and competition in the digital sector, and to correct shortcomings caused by years of prioritizing static competition over dynamic competition. A DMA that fails to do so will cause harmful side effects not only on digital commerce but on the European Union economy more broadly.
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