Gilbert, Richard; Tom, Willard K. - Institute of Business and Economic Research (IBER), … - 2001
innovation in high-technology markets. Traditionally, regulators focused on whether companies artificially hiked prices or … reduced output. Now, they're increasingly likely to look first at whether corporate behavior aids or impedes innovation. In … this paper, we examine whether innovation has displaced short-term price effects as the focus of antitrust enforcement by …