Contestable markets - why is digital so disruptive?
In the 2021 Royal Economic Society Annual Public Lecture, Professor Diane Coyle explores some of the "winner takes all characteristics" of many of the superstar digital businesses.
It is a superb talk to listen to to understand some of the driving forces of the digital economy which have important effects for economic and social welfare. Can new businesses really dominate businesses such as Google and Facebook? This poses hugely important questions for competition authorities around the world.