Jevons Institute 2018 Colloquium: Future Perspectives on Media Markets

2018 Jevons Institute Colloquium in Rome

hosted by
Autorità Garante della Concorrenza e del Mercato, Rome

Tuesday 22 May 2018, 9.30 - 17:30

Organised and Moderated by
Antonio Bavasso, David Evans and Douglas Ginsburg

About the Colloquium

The 2018 Jevons Institute Colloquium is organised by University College London’s Jevons Institute in association with George Mason’s Global Antitrust Institute and in co-operation with
▶    Autorità Garante della Concorrenza e del Mercato
▶    Authorité de la concurrences
▶    Bundeskartellamt
▶    Competition & Markets Authority

The Colloquium will explore competition and regulatory issues in the media sector.  It will bring together heads of authorities, chief economists, leading academics and judges with direct experience in this sector who will discuss a number of issues facing the industry and its regulatory implications.  The format will include presentations and panel discussions.
 
The first session will explore economic issues in media markets and will cover welfare analysis, the role of advertising, dynamics in content creation and new business strategies and models and their implications for regulatory analysis.  The second session will consider how competition and regulatory policies should approach consolidation taking into account the challenges facing traditional media and the relationship between competition and other public interests (e.g. media plurality).  It will compare approach and experiences across markets and jurisdictions.  Finally the third session will consider trade offs and complementary between various regulatory tools in relation to media markets and will consider issues such as privacy, the role of self regulation, news content production and editorial controls including the relationship between competition and regulation.

The Speakers

• Arthur Burke Davis Polk & Wardwell LLP
• Andrea Coscelli Chief Executive, UK Competition & Markets Authority
• Greg Crawford Zurich University
• Makan Delrahim Assistant Attorney General, Antitrust Division, US Department of Justice
• Peter Freeman CBE QC (Hon) Chairman, UK Competition Appeal Tribunal
• Bruno Jullien University of Toulouse
• Johannes Laitenberger Director General, DG Competition, European Commission
• Andreas Mundt President, German Competition Authority
• Gabriella Muscolo Commissioner, Italian Competition Authority
• Giovanni Pitruzzella Chairman, Italian Competition Authority
• Michele Polo University of Bocconi
• Andrea Prat Columbia University
• Howard Shelanski Georgetown University Law Center
• Isabelle de Silva President, French Competition Authority
• Tommaso Valletti Chief Economist, DG Competition, European Commission
• Joshua Wright Global Antitrust Institute, George Mason University

View the programme

09:30    Welcome and Introduction

• Giovanni Pitruzzella Chairman, Italian Competition Authority

10:00    Roundtable 1: Economics of Competition and Welfare Analysis in Media Markets
Moderator:  David Evans UCL Jevons Institute / Global Economics Group

Presenters:

• Tommaso Valletti Chief Economist, DG Competition, European Commission
• Howard Shelanski Georgetown University Law Center

Panellists:

• Bruno Jullien University of Toulouse
• Josh Wright Global Antitrust Institute, George Mason University

This session will explore:

• Analyzing welfare in relation to content
• Welfare in markets where main currency is time/attention
• Role of advertising
• Content creation and free content as a “bait”
•  Role of multi-homing

11:30    Coffee break

11:45    Roundtable 2: The Consolidation Role of Competition Policy, Merger Control, Public Interest Tests
Moderator: Antonio Bavasso UCL Jevons Institute / Allen & Overy LLP

Presenters:

•  Isabelle de Silva President, French Competition Authority
•  Greg Crawford Zurich University

Panellists:

• Peter Freeman CBE QC (Hon) Chairman, UK Competition Appeal Tribunal
• Arthur Burke Davis Polk & Wardwell LLP

This session will explore:

• Merger control and consolidation in media markets in particular in relation to newspapers and broadcasting (with references to cases in the US and Europe).
• Should we take into account wider public interests (e.g. media plurality) and how do we do that if it is mandated?
• Has the rise of online media platforms (including ones that focus on user-generated content) affected the analysis of competition or public interests?
• Mergers in old media and the online constraint

13:15    End of Morning Sessions

14:15    Keynote Address:
Johannes Laitenberger Director General, DG Competition, European Commission

14:45    Roundtable 3: Old Media, New Media, New Challenges: Competition Policy and Regulatory Instruments
Moderator: Douglas Ginsburg Judge, US Court of Appeals for the District of Columbia Circuit.

Presenters:

• Andreas Mundt President, German Competition Authority
• Andrea Prat Columbia University
• Andrea Coscelli Chief Executive, UK Competition & Markets Authority

Panellists:

• Gabriella Muscolo Commissioner, Italian Competition Authority
• Michele Polo University of Bocconi

This session will explore:

• Trade-offs, complementarity and tensions between competition policy and regulatory intervention
• Tensions between regulation and governance
• Regulatory asymmetry between traditional and “new” media.
• Can regulators rely on market corrections and self-regulation to address issues relating to content on new media platforms or are other regulatory measures required?
•  Privacy regulation and economic regulation

16:30    Closing remarks
Makan Delrahim Assistant Attorney General , US Department of Justice

16:50    End of conference

Queries

If you have any queries about this course please contact Lisa Penfold at the UCL Faculty of Laws by emailing lisa.penfold@ucl.ac.uk
 

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