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relationship between competition and innovation, highlighting the deficiencies that significantly constrain antitrust enforcers …Harold Demsetz once claimed that 'economics has no antitrust relevant theory of competition.' Demsetz offered this … purpose of this essay is to revisit Demsetz’s broader challenge to antitrust regulation in the context of the frequently …
Persistent link: https://www.econbiz.de/10014046270
relationship between regulation - both through competition policy and patent law - and innovation, and the corresponding …This essay is the introduction to a forthcoming volume entitled, Regulating Innovation: Competition Policy and Patent … regulation, innovation, and economic growth, the process of innovation itself is not well understood. The regulation of …
Persistent link: https://www.econbiz.de/10014046279
dynamic competition throughout technology-intensive ("TI") industries, with wide-spread, steady increase in TI industry and … increasing dynamic competition among TI industry businesses, and then test for evidence of its performance implications in a … assumptions of wide-spread, long-term increase in dynamic competition lack robust evidentiary support. It is premature to embrace …
Persistent link: https://www.econbiz.de/10014047018
general competition and sector specific frameworks and rules regarding the regulation of the Internal Energy Market … recent competition law cases of the Energy Market where structural remedies were applied under the commitments procedure …. Essential facilities doctrine and generally competition law tools do not seem to provide a suitable framework for effectively …
Persistent link: https://www.econbiz.de/10014171519
innovation by new entrants after the ruling in response to increased competition. Overall, these results are consistent with … their innovation activities in response to the potential entry of direct competitors. We then examine a legal ruling that … subjected these agreements to antitrust litigation, thereby reducing the incentive to enter them. After the ruling, incumbent …
Persistent link: https://www.econbiz.de/10012818283
of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output … country data to study the effect of product market regulation and reform on a country's macroeconomic performance. After a … growth. A summary of what we learn from the econometric results concludes the paper. -- regulation ; product market …
Persistent link: https://www.econbiz.de/10003225978
of product market regulation on mark-ups, firm dynamics, investment, employment, innovation productivity, and output … country data to study the effect of product market regulation and reform on a country's macroeconomic performance. After a …
Persistent link: https://www.econbiz.de/10013318222
market competition and regulation in addressing these concerns. Traditional (ex-post) antitrust intervention will be less … may engage in anti-competitive practices that reduce innovation and consumer welfare. This paper deals with the role of … effective in markets driven by network effects unless it is combined with a proper (ex-ante) regulatory framework. Antitrust …
Persistent link: https://www.econbiz.de/10012405498
Using data from the US automobile market, we empirically examine the link between competition and innovation … interesting market to examine the link between competition and innovation. We use firm-level time-series data over a long horizon …. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the US market's economic …
Persistent link: https://www.econbiz.de/10011342391
The relationship between competition and innovation is difficult to disentangle, as exogenous variation in market … economy instead of standard antitrust concerns. In technology areas where the breakup reduced concentration, patenting …-induced innovation increase by the IG Farben successors, which then spilled over to the wider chemical industry. …
Persistent link: https://www.econbiz.de/10013358717