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Cristina Caffarra Profile picture
Cristina Caffarra
@Caffar3Cristina
Apr 5 • 8 tweets • 3 min read
📢New from me and Nathan Lane, Oxford (@straightedge) on @voxeu
- on how #antitrust #antimonopoly values should be at the heart of the "new industrial policy" we so badly need to address Europe's massive structural issues. 🧵 1/
cepr.org/voxeu/columns/… #Industrial_policy is a cool field of economic inquiry right now - overlapping crises require #direction & #purpose, and the state needs to play a major role. Lots of work underway showing industrial policy does not need to mean "picking winners" & supporting "zombie firms" (from @rodrikdani to @MazzucatoM to @GeorgeDibb and indeed Nathan & co-authors). 2/
Mar 10 • 13 tweets • 3 min read
‼️This, this, this. ⬇️
Amazing. If you read anything today let it be this. 🔥@DeatonAngus is an absolute giant of economics who is questioning EXACTLY what many of us are struggling with. Some of things that most resonate w me🧵
imf.org/en/Publication… 1/ Yes economics has given us good insights. But it is not set in stone. Image
Jan 7 • 12 tweets • 3 min read
Thanks for engaging @GeorgePeretzKC. I think however we are somewhat at cross-purposes so am reposting to clear up my thinking rather than burying it in replies. A🧵
cc @lewis_crofts @TomValletti The pushback that “it’s all very nice and deserving but we cannot do it BECAUSE THE LAW” is the standard one progressives get everywhere at the start of a shift. It’s the one obvious way to express resistance to change. 2/
Nov 5, 2022 • 23 tweets • 10 min read
Surfacing a few highlights from this @CEPR RPN discussion last week on #Ecosystem theories of harm in digital platform mergers. Worth watching in full, regulators in particular where🔥🔥🔥🧵
youtube.com/embed/dfs1D5Y0… @TomValletti table sets: “approach to conglomerate mergers too narrow: not the same market, no problem. Should they be allowed to become even bigger? Why don’t they build instead of buying? Market power grows w each acquisition bcs ecosystem insulates from competition” 2/
Feb 21, 2022 • 32 tweets • 14 min read
Platform regulation #DMA: “ink is almost dry” on Art 5/6 various “thou shall not’s” for “gatekeepers”. BUT rules need translating into relevant prescriptions for each business model. We focused on e-commerce last week for a great discussion @cepr_org #Competition_RPN/ @MaCCI 🧵1/ Video recording can be found here 2/
Sep 25, 2021 • 7 tweets • 5 min read
So, showtime. While no one was paying attention, Google shifted the #search_monopoly from desktop to mobile - and won. Appeal heard next week: @EU_Competition decision in 2018, started in 2013, on econ theory of harm developed originally for the #Russian case before @FAS_RF 🧵1/ Aside from fripperies on market definition, real issue was #leveraging power in #Google_Playstore (that every OEM wanted) by offering it #free on condition Google Search was #preinstalled “at every entry point” on the device. Plus other goodies. No other engine stood a chance. 2/
Jan 23, 2021 • 7 tweets • 6 min read
So #Google threatens Parliament to shut down Search in Australia if the proposed "new-media bargaining code" is not changed (rules mandate #Google & #Facebook to pay publishers for links to news articles in search results). Meanwhile in Europe … 1/ wsj.com/articles/googl… ...on the same day a settlement is announced between @GoogleEnFrance and French publishers @AlliancePress on payments for news - after the @Adlc_ went to war with #interim_measures and an #injunction to negotiate. Seems to have concentrated minds... 2/

techcrunch.com/2021/01/21/goo…
Jan 22, 2021 • 4 tweets • 5 min read
Well, about timeto hear. We write just about this w @johnnyryan today: antitrust complaints do not get #privacy_regulators off the hook. They have tools to address the #data #free_for_all, not just self preferencing. #purpose_limitation #GDPR euractiv.com/section/digita…
Dec 16, 2020 • 4 tweets • 6 min read
Nonono. There is *nothing* new in #DMA on digital mergers other than the obligation of #gatekeepers to inform. *Nothing* new on substantive assessment (unlike @CMAgovUK proposals). So *nothing* to prevent a new Facebook/Whatsapp or indeed #Google_Fitbit 1/ When asked about it at press conference, @vestager pivots quickly to importance of #interoperability. That’s key for rivals to compete but rest of us worry much more about #personal_data use in #health_tech. @EU_Competition why was so hard to see this deal is about #data 2/