How to Control the New Industry? – The Digital Competition Expert Panel's Report

By Richard Eccles

05-2019

The Digital Competition Expert Panel reported to government in March 2019, making a sweeping range of recommendations on how to control the digital economy.

The Panel has made it clear that various features of digital platforms result in markets "tipping" to a single winner in a short period. Online search is dominated by Google, social media is dominated by Facebook, digital advertising revenues are dominated by Google and Facebook, mobile app downloads is a duopoly between Apple (App Store) and Google (Google Play) and e-commerce through online marketplaces is dominated by Amazon (with eBay providing some competition).

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