Challenges on regulating Big Techs – and how Responsive Regulation can help
Keywords:
Regulation. Big Techs. Technology. Challenges. Responsive Regulation.Abstract
Abstract
[Purpose] To analyze the basis of Responsive Regulation Theory concerning regulatory powers to impose sanctions, and its application in technology markets (known as Big Techs).
[Methodology/approach/design] Theoretical analysis and analysis of Facebook Platform as a practical example.
[Findings] Resposive Regulation, specially concerning its punishment system, is the most suitable for Big Techs.
[Practical implications] It is a well-known fact that regulation of Big Techs is a recent issue, especially considering technology development, which had impressive evolution over the last few decades. Therefore, conclusions in this work may contribute on such debate.
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