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1 results

  • 5 - Regulating the Feedback Effect

  • from Part II - Algorithms
  • Edited by Kevin Werbach
  • Book:
    After the Digital Tornado
    Published online:
    24 August 2020
    Print publication:
    23 July 2020, pp 122-136
    • Chapter
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      • Open access
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  • Summary

    Market concentration is a significant and growing problem in precisely the digital markets where the Internet was supposed to herald an era of healthy competition. Algorithmic systems are subject to a significant new force shifting market competition, the “feedback effect.” More data not only produces better results through traditional scale and scope economies, but also by generating better machine learning models. This means that traditional antitrust and regulatory remedies are poorly suited to redress competitive imbalances. Instead, regulators should impose a progressive data-sharing mandate. With this novel mechanism, dominant digital platforms would be required to make data available to competitors, blunting their inherent advantage in algorithm-dominated markets.