The authors are grateful to the Editor and an Associate Editor for detailed comments and three reviewers for outstanding comments. The authors also thank Jens Prüfer, Lola Montero Santos, Peerawat Samranchit, Wolfgang Kerber, Xavier Lambin, Vincenzo Denicolò, Nicolas Petit, Philip Hanspach, Natalie Kessler, Alexandre de Cornière, Linus Hoffmann, Luca Tomesani, Giusella Finocchiaro, and Enrico Al Mureden. The authors thank seminar participants at several institutions, the EUI Artificial Intelligence group, the Competition Law Working Group, 2022 MaCCI Conference, Paris 13th Conference on Digital Economics 2022, Toulouse Business School, and EARIE conference 2022.