Competition and Innovation: Dangerous "Myopia" of Economists in Antitrust?

My comments on Evans & Hylton’s arguments are twofold: First, I consider it necessary to put at least two question marks behind their diagnosis that there is a severe risk of a “myopic†application of state-of-play antitrust economics. Second, in my view at least two further qualifications have to be made regarding Evans & Hylton’s perception of the scope and limitations of antitrust enforcement whichâ€â€explicitly or implicitlyâ€â€drives their argument. Both pillars together carry my view thatâ€â€to stay within the pictureâ€â€prescribing antitrust enforcers strong glasses which are in the risk of leading to a severe hyperopia or even blindness seems not to be a suitable therapy for an alleged myopia in antitrust; the Schumpeterian tradeoff should not provide the justification for an overly cautious “hands-off†approach.