to develop the innovation and the decision to introduce the new product in the market are separated. In our multi … potential innovator strategically over-invests in process innovation. In this equilibrium the competitor over-invests in order …

innovation. The question is, how should merger policy adapt to technological change? Some have argued that the right response is … for antitrust authorities to reduce merger enforcement to prevent unintended harm to innovation. Others have suggested … that the enforcement agencies analyze a merger's effects on innovation using the same framework they use to analyze a …

many other evolutionary economists have assigned to entrepreneurship, including: the dichotomy between innovation and …