Innovation Matters - Competition Policy for the High-Technology Economy
epub | 2.11 MB | English | Author :Richard J. Gilbert | 0262044048 | 2020 | MIT Press

Book Description :

A proposal for moving from price-centric to innovation-centric competition policy, reviewing theory and available evidence on economic incentives for innovation.
Competition policy and antitrust enforcement have traditionally focused on prices rather than innovation. Economic theory sho the ways that price competition benefits consumers, and courts, antitrust agencies, and economists have developed tools for the quantitative evaluation of price impacts. Antitrust law does not preclude interventions to encourage innovation, but over time the interpretation of the la has raised obstacles to enforcement policies for innovation. In this book, economist Richard Gilbert proposes a shift from price-centric to innovation-centric competition policy. Antitrust enforcement should be concerned with protecting incentives for innovation and preserving opportunities for dynamic, rather than static, competition. In a high-technology economy, Gilbert argues, innovation matters.

Category : | Antitrust Law, Antitrust Law, Industrial Business Management