3 ms·
That seems awfully woolly. What he actually said is “using market power to extend market power” is illegal, but without any kind of market power vendor lock-in
by emodendroket 4y ago
That seems awfully woolly. What he actually said is “using market power to extend market power” is illegal, but without any kind of market power vendor lock-in is pointless.
- MagnumOpus 4y agoNot wooly at all. The "abuse" of a "dominant market position" is illegal. Vendor lock in to raise prices above the competitive level or to extend market share is the abuse, and "dominant market position" is well defined through law and thousands of precedent cases in antitrust. (In Europe Hoffman-La Roche vs. Commission is one of the cases defining it.)
- Nomentatus 4y agoNot pointless, but nothing like as powerful, true. Any lock-in can create market power over a subsection of the market, however small, illegally; but small potatoes stuff is rarely prosecuted. Huge potatoes are rarely prosecuted, post-Bork.