Jacques Cremer and the economics behind platforms and multi-sided markets

In this video, Prof. Jacques Crémer (Toulouse School of Economics) sets out a general framework of the issues that competition policy faces with respect to platforms. While traditional competition policy is well consolidated and tries to increase efficiencies of sectors, something very different happens in platforms: small ones are neither feasible nor desirable, data plays an important role and finally, they present network externalities. As a result, one or few firms emerge only. This raises interesting new questions for competition policy that Prof. Jacques Crémer tries to address.
Jacques Crémer participated as an expert speaker during the OECD/KPC-ICN Competition Economics workshop for Chief and Senior Economists held in Korea on 2-4 May 2018. For more information on this event please visit: oe.cd/2ew. More OECD work on the topic can be found at oe.cd/2fx.
Competition Insights is a series of OECD videos for competition experts that helps explore a given topic with the help of an invited speaker. To see more videos on the series, please visit: bit.ly/comp-ins...