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International Journal of Frontiers in Sociology, 2024, 6(2); doi: 10.25236/IJFS.2024.060211.

Regulation of the Platform: Maintaining the Balance between Competition and Innovation

Author(s)

Wu Hantao

Corresponding Author:
Wu Hantao
Affiliation(s)

School of Law and Economics, Zhongnan University of Economics and Law, Wuhan, China

Abstract

As the digital economy grows rapidly, platform companies play a significant role in boosting economic growth, promoting employment, and enriching consumer choices. However, the issue of monopoly by internet platforms is becoming increasingly prominent, especially in our country. This article begins with the concept of platform monopolies, their causes, manifestations, and their impact on competition and innovation, to systematically analyze the characteristics of platform monopolies. It also examines our country's current antitrust legal framework to discuss and propose measures and suggestions for maintaining the balance between competition and innovation. Finally, the paper points out that strengthening and improving the antitrust regulation of platforms is a necessary approach to promoting the healthy and sustainable development of the platform economy.

Keywords

Platform economy; Regulation of the platform; Market competition; Innovation; Data sharing

Cite This Paper

Wu Hantao. Regulation of the Platform: Maintaining the Balance between Competition and Innovation. International Journal of Frontiers in Sociology (2024), Vol. 6, Issue 2: 71-78. https://doi.org/10.25236/IJFS.2024.060211.

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