On December 12th, Member States’ Representatives voted to formally adopt the latest European Commission proposal to end roaming charges in the EU by June 15th, 2017.
In recent years, smartphone-enabled applications such as Uber have gone a long way to resolve the market imperfections which gave rise to taxi regulation in the past. GPS technology and Big Data have spurred market innovations which reduce informational asymmetries, facilitating transactions between passengers and drivers.
The extent of market power enjoyed by Google is a debatable question. The antitrust literature emphasises the importance of error costs in making judgements about the appropriateness of regulatory intervention.
Let’s say it loud and clear: There is hope for EU competition policy! After months of negative headlines and high-profile probes of the European digital sector, one was delighted to read a decidedly more forward-looking take on the approach competition regulators should have towards online platforms.