J.Almunia, here. On competition policy and "new" markets:
"High growth, dynamic competition and innovation often make it difficult to predict the very near future. Still, effective competition policy is essential.
Taking the long view on these markets shows us that incumbency generates advantages that then survive through generations of product development.
We thus need to work on sound competition principles from the outset to ensure that such markets remain open in the longer term, by identifying early enough harmful behaviour and preserving competitive market structures."
"High growth, dynamic competition and innovation often make it difficult to predict the very near future. Still, effective competition policy is essential.
Taking the long view on these markets shows us that incumbency generates advantages that then survive through generations of product development.
We thus need to work on sound competition principles from the outset to ensure that such markets remain open in the longer term, by identifying early enough harmful behaviour and preserving competitive market structures."
