In light of recent cases in the digital sector, competition policy needs to change. Market share figures tend to underestimate the prevalence of competitive forces, and recent DG COMP probes have consistently ignored the possibility of innovation coming from outside the relevant market. Without a substantive change in outlook, it is likely that competition will be harmed by intervention.
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EPICENTER, the European Policy Information Center, is an independent initiative of six leading think tanks from across the European Union. It seeks to inform the EU policy debate and promote the principles of a free society by bringing together the economic expertise of its members.