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Recent Developments at the CMA: 2019-2020.

Richard Havell1,2, Chris Jenkins1,2, James Rutt1,2

  • 1Competition and Markets Authority, Cabot Square, London, E14 4QZ UK.

Review of Industrial Organization
|October 12, 2020
PubMed
Summary

The Competition and Markets Authority (CMA) addressed pandemic-related price gouging and advanced digital market competition policy through studies on online platforms, digital advertising, and the Google/Looker merger.

Keywords:
CMACOVID-19Competition policyCoronavirusDigital marketsPlatforms

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Area of Science:

  • Competition policy
  • Market regulation
  • Digital economics

Background:

  • The Competition and Markets Authority (CMA) has undertaken significant work over the past year.
  • The coronavirus pandemic has impacted various aspects of the CMA's operations.
  • There is ongoing debate regarding the role of competition authorities in addressing market behaviors during crises and in digital sectors.

Purpose of the Study:

  • To review key cases completed by the CMA in the last year.
  • To examine the CMA's response to pandemic-related price gouging.
  • To analyze the CMA's engagement with competition policy in digital markets.

Main Methods:

  • Case study analysis of CMA's recent work.
  • Review of the CMA's Covid-19 taskforce findings on price gouging.
  • Examination of market studies and merger reviews in the digital sector.

Main Results:

  • The CMA actively addressed price gouging concerns during the pandemic.
  • The CMA has continued to develop and apply competition policy to digital markets.
  • Key cases include the Online Platforms and Digital Advertising market study and the Google/Looker merger review.

Conclusions:

  • The CMA has demonstrated adaptability in addressing pandemic-related market issues.
  • The CMA is actively shaping competition policy for the evolving digital economy.
  • These cases highlight the CMA's commitment to maintaining competitive markets.