Competition Policy for the Matchmaker Economy: Insights from the New Economics of Multisided Platforms
Free Public Lecture
Woodward Conference Centre
185 Pelham Street
The 9th Annual Baxt lecture and Panel Discussion
Matchmakers operate platforms that enable different types of participants, such as drivers and passengers in the case of Uber, to connect and exchange value. These types of businesses have been around for millennia but have become much more common and important as a result of technological change.
Several of the largest companies in the world, such as Apple, Google, and Facebook, follow this business model, as do many of most valuable startups, such as Uber and Airbnb.
The new economics of multisided platforms provides important insights into competition policy for these businesses. Competition authorities and courts have already incorporated some of the new learning into their analyses.
After providing an overview of the economics of matchmakers this event will examine outstanding issues on how to define markets, analyse competitive effects, and reduce false positive and negative findings for platform-based industries. Its timing is significant given the current global debate about the impact of platforms on competition in various markets and in Australia, particularly so in light of the inquiry being conducted by the Australian Competition and Consumer Commission into digital platforms.
David Evans is one of the world’s leading authorities on the economics of multi-sided platforms and he is the co-author of the widely acclaimed book on the topic, Matchmakers: The New Economics of Multisided Platforms.
Panel Discussion The timing of this event is significant given the current global debate about the impact of platforms on competition in various markets and in Australia in light of the Australian Competition and Consumer Commission’s Inquiry into Digital Platforms.The lecture will be followed by a discussion by a panel dealing with issues raised by the ACCC’s inquiry. Panellists include: Associate Professor Sora Park, Director, News and Media Research Centre, University of Canberra, Lauren Solomon, CEO, Consumer Policy Research Centre, Dr Katharine Kemp, University of New South Wales,The Allens Hub for Technology, Law & Innovation, Dr Stephen King, Member, Productivity Commission and Greg Houston, Partner, Houston Kemp.
Registrations booked out. Register for waiting list.
Greg Houston, Houston Kemp
Stephen King, Commissioner
Dr Stephen P King joined the Productivity Commission as a Commissioner from 1 July 2016. He was recently a Professor of Economics at Monash University in Melbourne where he also held the position of Dean of the Faculty of Business and Economics from 20092011. Prior to joining Monash, Stephen was a Member of the Australian Competition and Consumer Commission (ACCC), where he chaired the Mergers Review Committee. Previous roles include, Professor of Economics at the University of Melbourne and a Professor of Management (Economics) at the Melbourne Business School. Stephen's main areas of expertise are in microeconomic theory, competition economics, regulation and industrial organization. His research has been published widely, including articles in major international economics journals. Stephen is an adjunct professor at Monash University, a member of the Academy of Social Sciences in Australia and a Lay Member of the High Court of New Zealand. He has a PhD in economics from Harvard University. He is also a member of the Review panel considering pharmacy remuneration and regulation. He previously worked on the Human Services and Competition in the Australian Financial System inquiries.
Katharine Kemp, University of New South Wales
University of New South Wales
Dr Katharine Kemp is a Lecturer at the Faculty of Law, UNSW Sydney. Katharine’s research focuses on competition law (particularly misuse of market power), consumer protection and data privacy in financial services regulation. She has published widely in these fields, including "Misuse of Market Power: Reform and Rationale" (Cambridge University Press, 2018), "Competition Law of South Africa" (LexisNexis) with PJ Sutherland, and numerous peerreviewed journal articles. Katharine is the CoLeader of the "Data as a Source of Market Power" research stream for The Allens Hub for Technology, Law and Innovation, with Dr Rob Nicholls of the UNSW Business School. She is also the convenor of the new postgraduate course, "Financial Law and Regulation in the Age of Fintech" (LAWS8174), offered for the first time in 2018, and lectures Contracts at UNSW Law. Before joining the faculty, Katharine was a Research Fellow on the UNSW Digital Financial Services Research Team, conducting indepth research into the regulation of digital financial services in developing countries in particular, including through fieldwork in these countries. She has also practised as a commercial lawyer in major law firms, as a barrister in Melbourne, and consulted to the Competition Commission of South Africa during the six years that she lived and worked in South Africa. Katharine completed her PhD on the topic "Misuse of Market Power: Rationale and Reform", for which she received the UNSW Law PhD Excellence Award, and was appointed as Garth Nettheim Doctoral Teaching Fellow in 2015. She is a Member of the Centre for Law and Market Regulation, a Member of the Australian Privacy Foundation and a Member of the Advisory Board of the Future of Finance Initiative in India.
Lauren Solomon, CEO
Consumer Policy Research Centre
Lauren was appointed Chief Executive Officer of CPRC in May 2017. Lauren has worked in a range of policy roles across the corporate, government and notforprofit sectors, most recently as Manager of Consumer Policy and Programs at AGL Energy. She has previously worked in senior policy roles in the New South Wales Government and as a nonexecutive Director of the Energy Efficiency Council. Lauren holds a Bachelor of Resource Economics (Hons) from the University of Sydney. Taking a strong interest in the people side of markets, Lauren has pursued further postgraduate studies in behavioural economics at the London School of Economics, and is currently completing a Graduate Diploma in Psychology at Monash University. She is passionate about crosssectoral collaboration, interdisciplinary research and diversity of thought and experience when tackling complex policy issues.
Associate Professor Sora Park, University of Canberra
Associate Professor Sora Park
University of Canberra
Dr. Sora Park is Director of the News and Media Research Centre and Associate Professor in Communication and Media Studies at University of Canberra, Australia. Her research focuses on the digital media, media markets and media policy. She is an inaugural member of the News and Media Research Centre at the University of Canberra. She has written widely on the economics of television, newspaper markets and other information industries. She is also interested in media user patterns in the digital media environment. She also has extensive experience in policy research and consultancy regarding digital media in South Korea. In the private sector, she has had various consultancy experiences for major internet and media companies such as KBS, NHN Corp and MBC. Previously she taught at Hanyang University, where she was the Director of the Interdisciplinary Program of Women's Studies. From 2005~2006, she was the Chair of the School of Communication Arts at Kwangwoon University, Seoul, Korea. Her previous positions include Research Fellow at Korea Press Foundation and Visiting Scholar at the University of California, San Diego.
Dr David Evans, Chairman
Dr David Evans
Global Economics Group
David S Evans is an economist. He is Chairman of Global Economics Group, based in its Boston office, and is Executive Director of the Jevons Institute for Competition Law and Economics and Visiting Professor at University College London. His academic work has focused on industrial organization, including antitrust economics, with a particular expertise in multisided platforms, digital economy, information technology, and payment systems. He has authored 8 books, including two award winners, and more than 100 articles in these areas. His most recent book, with Richard Schmalensee, is *Matchmakers: The New Economics of Multisided Platforms*. Dr Evans has taught courses related to antitrust economics, primarily for graduate students, judges and officials, and practitioners, and has authored handbook chapters on various antitrust subjects. He has served as a testifying or consulting expert on many significant antirust matters in the United States, European Union, and China. He has a PhD in economics from the University of Chicago.