A proposal for moving from price-centric to innovation-centric competition policy, reviewing theory and evidence on … economic incentives for innovation. Competition policy and antitrust enforcement have traditionally focused on prices rather … than innovation. Economic theory shows the ways that price competition benefits consumers; and courts, antitrust agencies …

between product market competition and the level of innovative activity in an industry. Our paper offers theoretical support … for recent empirical results that point to an inverted‐U shape relationship between competition and innovation. The model … insights not just in the cross‐section on the relationship between competition and innovation, but also intertemporally on the …

between product market competition and the level of innovative activity in an industry. Our paper offers theoretical support … for recent empirical results that point to an inverted-U shape relationship between competition and innovation. The model … insights not just in the cross-section on the relationship between competition and innovation, but also intertemporally on the …