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Nicolas Petit

Nicolas Petit is chair in competition law and Head of the Law Department at the European University Institute (EUI). He is also an invited professor at the College of Europe in Bruges. Petit is on special leave from the Law School of the University of Liege (ULiege), where he has been a full professor since 2007. Petit received his PhD from ULiege. Prior to joining the EUI, Petit held a position as expert member with the Belgian competition authority and worked in private practice with a leading U.S. law firm in Brussels. Petit is the author of Big Tech and the Digital Economy: The Moligopoly Scenario (Oxford University Press, 2019). Petit’s work has appeared in numerous generalist and specialist journals in law and economics. Petit is the founder of the Dynamic Competition Initiative (“DCI”), a multisided platform interested in advancing the study of competitiveness, industrial policy, and innovation.
Antitrust and Competition

Draghi says “Revamping Competition,” Not More of the Same

Nicolas Petit
Mario Draghi’s report on raising European competitiveness contains two insights about competition policy. First, competition policy has a small but significant role to play in closing the “innovation gap” between the European Union, the United States and China. Second, increasing European productivity demands “revamping” competition through the introduction of technical-legal reforms.  
Antitrust and Competition

The Necessity of a Consumer Welfare Standard in Antitrust Analysis

Nicolas Petit
As a goal of antitrust, the consumer welfare standard has borne unfair attacks, which we refuted in a previous article. In this second article, we explain how the consumer welfare standard, understood as a method rather than as a set of goals, enables antitrust authorities and courts to navigate the inherent ambiguities of the competitive process and facilitate procompetitive outcomes.
Antitrust and Competition

Four Misconceptions About the Consumer Welfare Standard

Nicolas Petit
Nicolas Petit and Lazar Radic refute common critiques of the consumer welfare standard. A second article will discuss the advantages and disadvantages of different antitrust standards, underscoring some points often ignored by the critics of the consumer welfare standard.
Antitrust and Competition

The European Union’s Big Policy Bet Against the Tech Giants

Philip Hanspach
If EU policymakers are truly concerned about restoring competitiveness to digital markets, they need to adjust their expectations when it comes to data access...
Antitrust and Competition

A Simple Way to Measure Tipping in Digital Markets

Nicolas Petit
Digital markets are prone to “tipping.” Policymakers are starting to look at tipping as a market failure worthy of consideration. But as much as...
Antitrust and Competition

Big Tech Platforms and Schumpeter’s Creative Destruction

Nicolas Petit
Schumpeter’s indirect entry theory fits the average tendencies of competition in digital industries. When the model is added to standard assumptions and suspicions, a...

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