Wednesday, June 29, 2016

Navigating the New Matchmaker Economy: The Role of Antitrust and Regulation - July 28, 2016

 

Navigating the New Matchmaker Economy:
The Role of Antitrust and Regulation

July 28 - 12pm-2pm
George Washington Competition Law Center
George Washington Law School- FCC Room
2000 H Street, N.W, Washington, DC 20052

Keynote Speakers


David S. Evans
Co-Author of
Matchmakers: The New Economics of Multisided Platforms, Harvard Business Review Press, May 2016


Terrell McSweeny
Commissioner, Federal Trade Commission

 
Jonathan Sallet
General Counsel, Federal Communications Commission

Edward Black
President, Computer and Communications Industry Association
 

Scott Sher
Partner, Wilson Sonsini Goodrich & Rosati

Moderated by:


William Kovacic
Professor, George Washington Law School and Non-Executive Director, Competition and Markets Authority
Many of the most dynamic public companies, from Alibaba to Facebook to Visa, and the most valuable start-ups, such as Airbnb and Uber, are matchmakers that connect one group of customers with another group of customers. Economists call matchmakers multisided platforms because they provide physical or virtual platforms for multiple groups to get together. Dating sites connect people with potential matches, for example, and ride-sharing apps do the same for drivers and riders.
 
Although matchmakers have been around for millennia, they’re becoming more and more popular—and profitable—due to dramatic advances in technology, and a lot of companies that have managed to crack the code of this business model have become today’s power brokers.  Three of the fifth largest firms by market cap are matchmakers as are 7 of the 10 largest unicorns. And so are all of the “gig” and “sharing” companies.
 
Today, we are increasingly living in the Matchmaker Economy. 
 
So are antitrust authorities and sectoral regulators.  They increasingly encounter matters involving matchmakers.  Some of these matters involve new business models, disruptive innovation, and the collision of new and old industries?  Some also involve platforms tat have quickly achieved massive reach and influence. What—if any—issues do these multisided platforms raise and what—in any—changes in analytical approaches do they require? 
 
At this luncheon event, Dr. Evans, who has done pioneering work on the new economic science of multisided platforms will provide an overview of the new matchmaker economy based on his recent book, coauthored with Richard Schmalensee, Matchmakers: The New Economics of Multisided Platforms.  The book has been featured in The New York Times, the Wall Street Journal and theEconomist, and as a Hot New Release and Best Seller on Amazon. 
 
Four leading experts on antirust and regulation will then give brief presentations:
Terrell McSweeny, Commissioner, Federal Trade Commission
Jonathan Sallet, General Counsel, Federal Communications Commission
Edward Black, President, Computer & Communications Industry Association
Scott Sher, Partner, Wilson Sonsini Goodrich & Rosati
 
Following the four presentations, Professor William Kovacic, Former Chairman of the Federal Trade Commission will moderate a panel discussion with the presenters.
Supported by:

https://lawprofessors.typepad.com/antitrustprof_blog/2016/06/navigating-the-new-matchmaker-economy-the-role-of-antitrust-and-regulation-july-28-2016.html

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