Overview Of Competition Law And Digital Market In The Age Of Big Tech: Ensuring A Level Playing Field For Innovation
- IJLLR Journal
- Jul 21, 2024
- 1 min read
Spandana V Sudheer, University of Petroleum and Energy Studies (UPES) School of Law
ABSTRACT
In the era of Big Tech firms, the convergence of competition law and the digital market provides a complicated terrain where it is critical to ensure equal opportunities for innovation. This study explores the potential and problems in this changing climate. It examines how competition law affects digital marketplaces, with a particular emphasis on how Big Tech companies must be regulated to avoid monopolistic behaviour and promote healthy competition. The research looks at how competition law is changing to meet problems including market consolidation, abuse of power, and antitrust enforcement in the digital economy.
In addition, the study focuses at how digital platforms affect market competition, how difficult it is to enforce antitrust laws internationally, and what kind of regulatory frameworks are needed to keep up with the quick speed at which technology is developing. This research intends to give insights into how competition law may adapt to the digital age to safeguard consumer rights, foster innovation, and uphold a competitive environment that fosters economic growth by examining case studies and legal concerns. In the end, the study supports a thorough approach to competition law in the digital market, stressing the significance of establishing a regulatory framework that strikes a balance between promoting innovation and preserving fair competition and consumer welfare.