In September 2021, the Australian Competition & Consumer Commission (ACCC) completed an 18-month inquiry into Australia’s digital advertising technology (AdTech) services markets, resulting in a final report and associated webinar. The inquiry examined the intensity of competition in AdTech markets, as well as efficiency and transparency issues. The final report concluded that Google has used its dominant position in the ad tech supply chain in an anti-competitive manner.
This week, a panel of industry leaders discussed the report’s findings on the webinar, which was hosted by Lexology and the Global Competition Review (GCR). Panelists included Rod Sims (ACCC Chair), Dave Poddar (Partner at Clifford Chance, Sydney), Thomas Vinje (Partner and Chairman of Antitrust Group at Clifford Chance, Brussels), Angela Flannery (Partner at Holding Redlich, Sydney), Dina Srinivasan (Fellow with the Thurman Arnold Project at Yale University), and Keystone’s own Yang Xu, a Senior Consultant, at the firm. The ACCC recommended new regulatory solutions in order to restore competition for the benefit of businesses and consumers. Panelists discussed such regulations, their impact on Australia, and their global implications.
“Keystone is currently doing significant work regarding recent developments and innovations across technology markets,” notes Yang Xu. “Furthermore, we have also developed expertise and experience around many other issues of platform competition in collaboration with top economic and technology academics.”
If you’d like to learn more from one of our in-house experts, you can reach Yang at [email protected].
Keystone Strategy is a leading innovative strategy and economics consulting firm dedicated to delivering transformative ideas and cutting-edge solutions to Fortune Global 500 companies, top law firms, and government agencies. Our unique expertise in technology-led strategy, AI-driven digital transformation, product development, healthcare, finance, antitrust, and litigation enables us to create bold strategies that have far-reaching implications on business, consumers, and public policy. We leverage a unique combination of strategic insights from the world’s leading industry and academic experts with the practical expertise of our accomplished professionals to deliver extraordinary impact for our clients. Learn more about Keystone at www.keystone.ai or www.keystonestrategy.com.
The Australian Competition and Consumer Commission (ACCC) is an independent Commonwealth statutory authority whose role is to enforce the Competition and Consumer Act 2010 and a range of additional legislation, promoting competition, fair trading and regulating national infrastructure for the benefit of all Australians, with impacts felt on a global scale.