Dean's Dais: 'Markets in the Age of Technology' by Dr. Rajat Kathuria | Shiv Nadar University
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Dean's Dais: 'Markets in the Age of Technology' by Dr. Rajat Kathuria

Event Date: 
Thursday, September 30, 2021 -
12:1513:30

We are pleased to invite you to the fourth episode of our Leadership Series – Dean’s Dais. Dr. Rajat Kathuria, Dean, School of Humanities and Social Sciences, and Professor, Department of Economics, is our next speaker and will deliver a talk titled 'Markets in the Age of Technology', on 30 September 2021 at 12:15 PM. The talk will be held in hybrid mode, and up to 100 attendees can join the session in-person at C021 (on campus)You can also watch the session live on our YouTube channel @shivnadaruniversity.  

About the Talk
Beginning with the economic liberalization of the 1990s, the state in India started to vacate some of the commanding heights of the economy, in which state responsibility for provision of infrastructure and services was synonymous with ownership. The institutional framework for this move remains a work in progress, with ongoing debates about consolidation of authority within and across levels of government, formal and informal rules of operation, the degree of consultation among stakeholders, the extent of regulatory capture, appointments to existing institutions, accountability and transparency in decision-making, and opportunities for dispute settlement, among other topics.  At the same time, developments in technology and the accompanying spectacular rise of digital platforms have made the regulatory agenda more complex and demanding. These are essentially multi sided markets in which the tendency to grow big is inherent in the technology due to the profound network effects. There have been passionate appeals for regulating the digital space as competition (or lack thereof) in the digital sector today is between large conglomerates with potentially deleterious impact on market competition, including in India. Big-tech, as these conglomerates are now called, are alleged to have distorted market competition by indulging in various kinds of behavior such as predatory acquisitions, slowing or killing innovation, data monetization and abuse, search violations and subverting of democracy. The Centre for Data Ethics and Innovation reported in February 2020 that online targeting systems have ‘helped to put a handful of global online platform businesses in positions of enormous power to predict and influence behavior’. Another concern is that such platforms might create a ‘kill zone’ by acquiring potential competitors and creating entry barriers thus preventing innovation and competition from serving as the disciplining force for incumbents. The talk will focus on the changes in market functioning as a result of technological developments and advance an initial possible premise for regulation since the latter is still an evolving agenda, globally.

Thursday 30, Sep 2021
12:15 PM - 01:30 PM

C021

Online: YouTube

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