Artykuły
Tom 60 Nr 1 (2026): Prawo i Więź
Competition in the Digital Economy and Artificial Intelligence Era: Challenges for a Fair Digital Market and Recommendations for Vietnam
Ho Chi Minh City University of Law
Abstrakt
This study examines how the digital economy transforms business competition and proposes sustainable solutions for emerging challenges. Using an interdisciplinary approach combining economic theory, legal frameworks, and technological assessment, it identifies four key disruptions to traditional competition: algorithmic collusion enabling price-setting without explicit agreements; data power abuse creating market entry barriers through strategic data control; self-preferencing practices allowing platforms to favor their services over competitors; and “killer acquisitions” eliminating future threats by acquiring potential competitors. Results reveal critical gaps in current competition laws, including difficulties defining relevant markets for digital services with network effects, limitations of traditional price-based analysis in zero-price markets, challenges measuring consumer welfare in “free” services, and tensions between protecting competition and encouraging innovation. For Vietnam as an emerging digital economy, the study recommends a comprehensive regulatory strategy: establishing a Digital Economy Unit within the Vietnam Competition Authority; expanding market dominance criteria beyond market share to include data control and network effects; introducing specific anti-competitive behavior rules; implementing transaction-value thresholds for merger control to capture high-value, low-revenue acquisitions; and adopting flexible regulatory approaches for technological change. These recommendations balance fair competition with innovation encouragement. The analysis is particularly relevant to dual transformation toward digitalization and sustainability, as digital platform concentration can either promote or hinder green innovation and sustainable development. The study demonstrates competition law reform's crucial role in supporting both digitalization and environmental sustainability objectives, with significant implications for Vietnam’s broader sustainability agenda.
Bibliografia
- “Google's Acquisitions Are in the Spotlight 15 Years After It Went Public” CNBC, 19 August 2019. https://www.cnbc.com/2019/08/19/googles-best-and-worst-acquisitions-are-in-the-spotlight-15-years-later.html.
Pokaż w Google Scholar
- Acquisti Alessandro, Curtis Taylor, Liad Wagman, “The Economics of Privacy” Journal of Economic Literature, No. 2 (2016): 442-492.
Pokaż w Google Scholar
- Acquisti Alessandro, Laura Brandimarte, George Loewenstein, “Privacy and Human Behavior in the Age of Information” Science, No. 6221 (2015): 509-514. https://doi.org/10.1126/science.aaa1465.
Pokaż w Google Scholar
- Bierecki Dominik, Christophe Gaie, Mirosław Karpiuk, Jean Langlois-Berthelot, “Creating Resilient Artificial Intelligence Systems. A Responsible Approach to Cybersecurity Risks” Prawo i Więź, No. 5 (2025): 131-149. https://doi.org/10.36128/0akf8v90.
Pokaż w Google Scholar
- Burrell Jenna, “How the Machine «Thinks»: Understanding Opacity in Machine Learning Algorithms” Big Data & Society, No. 1 (2016): 1-12.
Pokaż w Google Scholar
- Competition and Markets Authority, CMA’s Merger Assessment Guidelines. London: Competition and Markets Authority. 2021. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/986475/MAGs_for_publication_2021_-.pdf.
Pokaż w Google Scholar
- Competition and Markets Authority, Online Platforms and Digital Advertising: Market Study Final Report. London: Competition and Markets Authority. 2020. https://assets.publishing.service.gov.uk/media/5efc57ed3a6f4023d242ed56/Final_report_1_July_2020_.pdf.
Pokaż w Google Scholar
- Competition and Markets Authority, The CMA’s Digital Markets Strategy. London: Competition and Markets Authority. 2021. https://www.gov.uk/government/publications/competition-and-markets-authoritys-digital-markets-strategy/the-cmas-digital-markets-strategy.
Pokaż w Google Scholar
- Crémer Jacques, Yves-Alexandre de Montjoye, Heike Schweitzer, Competition Policy for the Digital Era. Brussels: European Commission, 2019.
Pokaż w Google Scholar
- Cunningham Colleen, Florian Ederer, Song Ma, “Killer Acquisitions” Journal of Political Economy, No. 3 (2021): 649-702.
Pokaż w Google Scholar
- Deng Ai, “What Do We Know About Algorithmic Tacit Collusion?” Antitrust, No. 1 (2018): 88-95.
Pokaż w Google Scholar
- Drexl Josef, “Anticompetitive Stumbling Stones on the Way to a Cleaner World: Protecting Competition in Innovation Without a Market” Journal of Competition Law & Economics, No. 3 (2012): 507-44.
Pokaż w Google Scholar
- Eisenmann Thomas, Geoffrey Parker, Marshall Van Alstyne. “Platform Envelopment.” Strategic Management Journal 32, No. 12 (2011): 1270-1285.
Pokaż w Google Scholar
- EUR-Lex, Building a European Data Economy. https://eur-lex.europa.eu/content/news/building_EU_data_economy.html.
Pokaż w Google Scholar
- Evans David S., Richard Schmalensee, “The Antitrust Analysis of Multi-sided Platform Businesses,” [in:] The Oxford Handbook of International Antitrust Economics, t. I, ed. Roger D. Blair, D. Daniel Sokol. 404-447. Oxford: Oxford University Press, 2013.
Pokaż w Google Scholar
- Evans David S., Richard Schmalensee, Matchmakers: The New Economics of Multisided Platforms. Boston: Harvard Business Review Press, 2016.
Pokaż w Google Scholar
- Ezrachi Ariel, Maurice Stucke, “Artificial Intelligence & Collusion: When Computers Inhibit Competition” University of Illinois Law Review, No. 5 (2017): 1775-810.
Pokaż w Google Scholar
- Ezrachi Ariel, Maurice Stucke, Virtual Competition: The Promise and Perils of the Algorithm-Driven Economy. Cambridge: Harvard University Press, 2016.
Pokaż w Google Scholar
- FE International, Timeline of Amazon's Biggest Acquisitions. https://www.feinternational.com/blog/timeline-of-amazons-biggest-acquisitions.
Pokaż w Google Scholar
- Google, Temasek, and Bain & Company, e-Conomy SEA 2022: Thriving in a Booming Digital Decade. 2022. https://www.bain.com/insights/e-conomy-sea-2022/.
Pokaż w Google Scholar
- Harrington Joseph E. Jr., “Developing Competition Law for Collusion by Autonomous Artificial Agents” Journal of Competition Law & Economics, No. 3 (2019): 331-363.
Pokaż w Google Scholar
- Hovenkamp Herbert, “Antitrust and Innovation: Where We Are and Where We Should Be Going” Antitrust Law Journal, No. 3 (2011): 749-770.
Pokaż w Google Scholar
- Katz Michael L., Carl Shapiro, “Network Externalities, Competition, and Compatibility” American Economic Review, No. 3 (1985): 424-440.
Pokaż w Google Scholar
- Lambrecht Anja, Catherine E. Tucker, Can Big Data Protect a Firm from Competition? Brussels: Competition Policy International. 2017. https://www.competitionpolicyinternational.com/wp-content/uploads/2017/01/CPI-Lambrecht-Tucker.pdf.
Pokaż w Google Scholar
- Motta Massimo, Martin Peitz, “Big Tech Mergers” Information Economics and Policy, 54 (2021): 100868.
Pokaż w Google Scholar
- Newman John M., “Antitrust in Zero-Price Markets: Foundations” University of Pennsylvania Law Review, No. 1 (2015): 149-206.
Pokaż w Google Scholar
- OECD, Algorithms and Collusion: Competition Policy in the Digital Age. Paris: OECD Publishing, 2017. https://www.oecd.org/competition/algorithms-collusion-competition-policy-in-the-digital-age.htm.
Pokaż w Google Scholar
- OECD, Implications of E-commerce for Competition Policy. DAF/COMP(2019)3. Paris: OECD Publishing, 2019. https://one.oecd.org/document/DAF/COMP(2019)3/en/pdf.
Pokaż w Google Scholar
- OECD, Quality Considerations in Digital Zero-Price Markets. DAF/COMP(2018)14. Paris: OECD Publishing, 2018. https://one.oecd.org/document/DAF/COMP(2018)14/en/pdf.
Pokaż w Google Scholar
- Rajesh Kumar B., Wealth Creation in the World's Largest Mergers and Acquisitions. Cham: Springer, 2019.
Pokaż w Google Scholar
- Rochet Jean-Charles, Jean Tirole, “Platform Competition in Two-Sided Markets” Journal of the European Economic Association, No. 4 (2003): 990-1029.
Pokaż w Google Scholar
- Shapiro Carl, Hal R. Varian, Information Rules: A Strategic Guide to the Network Economy. Boston: Harvard Business School Press, 1999.
Pokaż w Google Scholar
- Shelanski Howard A., “Information, Innovation, and Competition Policy for the Internet” University of Pennsylvania Law Review, No. 6 (2013): 1663-705.
Pokaż w Google Scholar
- Solove Daniel J., “Privacy Self-Management and the Consent Dilemma” Harvard Law Review, No. 7 (2013): 1880-1903.
Pokaż w Google Scholar
- Stucke Maurice E., Ariel Ezrachi, “When Competition Fails to Optimize Quality: A Look at Search Engines” Yale Journal of Law and Technology, No. 1 (2016): 70-123.
Pokaż w Google Scholar
- Varian Hal, “Artificial Intelligence, Economics, and Industrial Organization,” [in:] The Economics of Artificial Intelligence: An Agenda, ed. Ajay Agrawal, Joshua Gans, Avi Goldfarb. 399-419. Chicago: University of Chicago Press, 2019.
Pokaż w Google Scholar
- VCCI, Grab and Xanh SM Dominate Vietnam's Ride-Hailing Market: Report. https://en.vcci.com.vn/grab-and-xanh-sm-dominate-vietnam%E2%80%99s-ride-hailing-market-report.
Pokaż w Google Scholar
- World Bank, Digital Economy Report 2021: Crossing Borders with Data. Washington, DC: World Bank, 2021.
Pokaż w Google Scholar
- Zhu Feng, Qihong Liu, “Competing with Complementors: An Empirical Look at Amazon.com” Strategic Management Journal, No. 10 (2018): 2618-2642.
Pokaż w Google Scholar
Downloads
Download data is not yet available.