Exploring the economic impact of regulation in digital markets
The specialized information industry, represented by the Software & Information Industry Association (SIIA), commissioned Oxford Economics to undertake a research program to explore the economic implications of policy interventions in the realm of digital markets.
Digital technologies have risen to prominence as a critical determinant of economic growth, national security, and international competitiveness and this has contributed to an increase in scrutiny for companies in this sector. From an antitrust perspective, this has been amplified by the size that selected digital platforms have achieved.
In this context, this report aims to provide an assessment of the economic impact of existing digital markets regulation in Europe and the United States, drawing upon existing literature, insights from industry leaders, and data analysis to produce a balanced review of the implications of competition policy.
A key theme that emerged from the theoretical review is the existence of trade-offs in digital markets regulation, particularly in relation to how legislation intended to promote small and potential new market entrants might stifle platforms’ incentives and ability to fund frontier innovation.
The objective of this program is to educate readers and interested parties to build awareness and a deeper understanding of the intended and unintended effects of antitrust legislation focusing on digital markets.
Listen to The Business of Information podcast (Episode 9) featuring Alice Gambarin, exploring the economic impact of digital markets regulation.
The experts behind the research
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Alice GambarinLead Economist, Economic Impact
Alice is part of Oxford Economics’ consulting division in the Americas, focusing on delivering socio-economic impact studies to clients across the continent.
Prior to joining Oxford Economics, Alice worked in the Housing Analysis Division at the UK Department for Work and Pensions, where she was involved in policy evaluation and data analysis. Alice holds a BA (Hons) and MSc (Hons) in Economic and Social Sciences from Bocconi University, Italy.
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Vasilis DouzenisAssociate Director, Economic Impact
Vasilis joined Oxford Economics in 2021 from PwC’s Global Fiscal Policy Advisory team. He has more than ten years of experience as a professional economist having worked for an investment bank, a boutique economic consultancy and the international association of mobile operators.
Vasilis has managed a significant number of studies assessing the economic impacts of policy for different sectors and has led milestone studies looking at the impact of AI technology on business productivity and on consumers.
Vasilis holds a BSc (Honours) in Economics from the University of Warwick, a MSc in Risk Management from the LSE, a MPhil in Economics from the University of Cambridge and has obtained the CFA charter.
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Henry WorthingtonManaging Director, Economic Consulting
Henry Worthington is the Managing Director for Economic Consulting in Oxford Economics’ consultancy division managing a team of economists in London across a diverse range of projects featuring economic impact modelling, macroeconomic modelling and forecasting and scenario analysis.
He joined Oxford Economics in 2008, originally as part of the global macroeconomics team. As part of the macro team Henry assumed forecasting responsibility for a number of countries including Russia, Poland and Hungary. In 2010, Henry moved to the consultancy team. He has since led and managed a wide range of projects, notably an evaluation of the economic benefits of unconventional oil and gas extraction in Tunisia, research into the economic impact of hotel investments on behalf of the IFC, building a macroeconomic model for forecasting and scenario analysis in Abu Dhabi and developing a macroeconomic model to assess the implications of the introduction of VAT in the Bahamas.
Henry was educated at the University of Cambridge, where he gained a first-class degree in Economics, becoming the William Stone Scholar of Economics, and an MPhil in Modern Society and Global Transformations.
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