Nicolas Petit headshot

Professor of Law
Liege University

Professor Nicolas Petit is a Research Professor at the School of Law in the UniSA Business School and Professor of Law at Liege University, Belgium. Professor Nicolas Petit's research focuses on antitrust law, intellectual property, and law in a context of technological change. His recent written works deal with the legal challenges created by the introduction of artificial intelligence and robotics in society. He is also working on a book on technology platforms' competition.

Antitrust

Antitrust Platforms

Presentations & Interviews

ICLE Affiliate Nicolas Petit Joins James Pethokoukis on the Political Economy Podcast

The denizens of Silicon Valley (and Seattle) have picked up a slew of nicknames: GAFA (for Google, Apple, Facebook, and Amazon); FAANG (add Netflix in there); or, most ominously, the Frightful Five (sub out Netflix, sub in Microsoft). The central charge is these firms are monopolizing their respective markets, and have achieved such dominance that their market positions are now unchallengable. The side effects may include dampened innovation, reduced labor power, and any number of democracy-is-in-peril concerns.

ICLE Academic Affiliate Nicolas Petit joins the Political Economy Podcast to argue against this alarmist case against the tech titans. Drawing from his 2016 paper, “Technology Giants, the Moligopoly Hypothesis and Holistic Competition: A Primer,” as well as new research from a forthcoming book, Petit makes the argument these “Frightful Five” firms engage in cutthroat competition with one another, benefiting the economy as a whole — and government regulation against these companies is premature.

The full episode is embedded below.