ANDREY TSARIKOVSKIY: WE SEE THE DECLINE OF CLASSICAL LEGAL REGULATION

The need to change antimonopoly law in the digital epoch was discussed at Higher School of Economics

On 11 April 2019, “Higher School of Economics” National Research University held the XX April International Research Conference. The Plenary session was devoted to “Legal regulation of digital economy”.

Stats-Secretary, Deputy Head of FAS Andrey Tsarikovskiy focused on the importance of changing legal regulation.

He pointed out: “When they talk about antimonopoly regulation in the digital sphere, they talk about control over digital giants but in fact the rage of problems is much broader. We shall have to change the law and the basic concepts”.

“Now we have to use the legal tools that are available, but this is not enough”, added Deputy Head of FAS.

He emphasized that the market concepts, for instance, dominance, are changing: “The definition of dominance in the Chicago model is hopelessly obsolete. Today the dominant entities may not even have a big market share.”

Discussing the specifics of digital markets, Andrey Tsarikovskiy drew attention of the event participants that some products of digital economy appear and disappear much faster than we have time to describe them.

“Antimonopoly regulation is a direct derivative from the economy. The later is changes and we are changing too”, summed up his speech Deputy Head of FAS and expressed hope to get support from the legal community regarding legislative changes.