3. Typology of transactions
Real free goods Pseudo free goods Real paid goods
Given for
recognition, political
power, pure altruism
Paid with
information (data),
attention (brain time)
monetised on another
side of the market
Paid with money
Outside the scope of
competition law
Scope?
Covered by competition
(and internal market) law
Covered by competition
law
Analytical tools? Standards analytical tools
based on monetary prices
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4. Literature review
• Evans (2011), Gal and Rubinfeld (2016), Newman (2015 and 2016),
Sousa Ferro (2015)
• Multi-sided markets
• ‘Follow the money’ and go on the monetized side
• BUT Possible (and already done in some way) but difficult
• Non-monetary indicators
• SSNIC: Small but Significant Non-transitory Increase in Costs
• BUT unit identification, customer evaluation, heterogeneity
• SNNIQ: Small but Significant Non-transitory Increase in Quality
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8. Theory of harm
• Exploitation
• Too high (non-monetary) prices
• German Facebook case
• Exclusionary
• ‘anti-competitive foreclosure’ is used to describe a situation where effective
access of actual or potential competitors to supplies or markets is hampered
or eliminated as a result of the conduct of the dominant undertaking
• Non-price based exclusionary abuses
• Prices based exclusionary abuses, require a monetary conversion when a cost-
price comparison is required
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9. Difficulties
• Identification of unit for the non-monetary prices
• On the basis of the firm business models
• Heterogeneity and subjectivity
• But also for monetary units
• Necessity of monetary conversion
• Regulatory accounting methods used for current cost determination
• Bottom-up: Pdata = Pservers + Pdatabases + Pbuildings + Putilities + Psalaries + …
• Top-down: Pdata = Padvertisement - (Pdatabases + Pbuildings + Putilities + Psalaries + …)
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