Segal, Ilya (contributor); Whinston, Michael D. (contributor) - 2004
uncertain
innovation size when there is a cost of rapidly implementing new innovations. The key new
feature in this model is … that antitrust policy has a “selection effect,” altering the set of
innovations that enter the market. We show that in this … by
incumbents of entrants’ innovations and at price collusion. We show using our comparative
statics results that …