Opening Internet Monopolies to Competition with Data Sharing Mandates
Image Source: 
PIIE/William Melancon

Claudia Biancotti (PIIE) and Paolo Ciocca (Consob)

Over the past few years, it has become apparent that a small number of technology companies have assembled detailed datasets on the characteristics, preferences, and behavior of billions of individuals. This concentration of data is at the root of a worrying power imbalance between dominant internet firms and the rest of society, reflecting negatively on collective security, consumer rights, and competition. Introducing data sharing mandates, or requirements for market leaders to share user data with other firms and academia, would have a positive effect on competition. 

Photo Credit: 
PIIE/William Melancon