The optimal competition policy when licensing is an alternative to a merger, which has the intention of transferring a … superior technology, and is derived in a differentiated goods duopoly, as in the cases of Cournot and Bertrand competition. We … of the US Horizontal Merger Guidelines. In contrast, when only one instrument is feasible, be it fixed fees or royalties …

We evaluate the social welfare loss (WL) that arises in an oligopolistic industry under technological competition and … losses in the effect of competition policy (driving price towards marginal cost) and industrial policy (lengthening patent … trade-off with respect to industrial policy, but a trade-off emerges with respect to competition policy. The dominant …

This paper assesses the coherence between industrial policy, competition policy and trade policy in the European Union … regulations. The analysis shows that as a result of the limited policy tools available to the Union, trade and competition … inconsistencies arise also between trade/competition policies and the industrial policy of Member States. Current policy practice …

This Paper introduces optimal competition: the best form of competition in an industry that a competition authority can … competition outcome in an industry becomes more competitive as more money is spent in the industry, as the competition authority … puts less weight on producer surplus and more weight on employment. The relation between competition and entry costs is U …

product competition tends to increase the relative profitability of innovation for sale relative to entry. Increased … competition reduces entrants' and acquirers' profits in a similar fashion, but also reduces the profit of non-acquirers. Therefore …, incumbents' valuations of innovations are less negatively affected by increased competition than entrants' profits. This, in turn …

enterprises for the period 1998 through 2007 to test for complementarity between competition and industrial policy. A main … competition-friendly and therefore more growth-enhancing. …