Finding a Level Playing Field: A Collaboration with the Economist Intelligence Unit

By Two Sigma on June 15, 2015
a sky view of a windmill farm

How has the concept of a level competitive playing field changed in an era of relentless innovation? We collaborated with The Economist Intelligence Unit, convening an array of experts from many different backgrounds, to shed light on the rapidly shifting dynamics among businesses, policymakers, and consumers.

Technological innovation is reshaping markets and creating new opportunities for businesses at a faster rate than at any other time in living memory. But to realise the promise of greater economic growth, incumbent businesses, challengers and the policymakers who regulate them need to find a balance that encourages fairness without either stifling entrepreneurialism or compromising the public interest.

In order to build greater understanding of the trade-offs at play in ensuring a level playing field, Two Sigma sponsored a report by the Economist Intelligence Unit that explores the specific challenges that regulators face when it comes to disruptors, and explores workable models for increased collaboration between the public and private sectors.

I would define a level playing field in the market as a scenario in which no participant has a particular advantage over the others, that everyone is working with the same resources and materials, and of course one that’s protecting and supporting consumers with choice and safety.

Rachel Haot Chief digital officer of the State of New York

Most people look at the term [level playing field] as referring to the competitors in the market. And that concept of equality is not what we want. It’s consumers that we want to really have the benefits, and we want the focus of policy to be on them, not on the competitors.

James Gattuso Senior research fellow in regulatory policy, Thomas A. Roe Institute for Economic Policy Studies, The Heritage Foundation
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This article is not an endorsement by Two Sigma of the papers discussed, their viewpoints or the companies discussed.The views expressed above are not necessarily the views of Two Sigma Investments, LP or any of its affiliates (collectively, “Two Sigma”).  The information presented above is only for informational and educational purposes and is not an offer to sell or the solicitation of an offer to buy any securities or other instruments. Additionally, the above information is not intended to provide, and should not be relied upon for investment, accounting, legal or tax advice. Two Sigma makes no representations, express or implied, regarding the accuracy or completeness of this information, and the reader accepts all risks in relying on the above information for any purpose whatsoever. Click here for other important disclaimers and disclosures.

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