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relationship between competition and innovation, highlighting the deficiencies that significantly constrain antitrust enforcers …Harold Demsetz once claimed that 'economics has no antitrust relevant theory of competition.' Demsetz offered this … purpose of this essay is to revisit Demsetz’s broader challenge to antitrust regulation in the context of the frequently …
Persistent link: https://www.econbiz.de/10014046270
relationship between regulation - both through competition policy and patent law - and innovation, and the corresponding …This essay is the introduction to a forthcoming volume entitled, Regulating Innovation: Competition Policy and Patent … regulation, innovation, and economic growth, the process of innovation itself is not well understood. The regulation of …
Persistent link: https://www.econbiz.de/10014046279
Using data from the US automobile market, we empirically examine the link between competition and innovation … interesting market to examine the link between competition and innovation. We use firm-level time-series data over a long horizon …. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the US market's economic …
Persistent link: https://www.econbiz.de/10011342391
Regulation and competition policy are two alternative modalities by which the state intervenes in the market. In order … competition, its effect on innovation and on the formation of ‘trusts’. We present reasons why competition policy is better than … varieties of market failures and identify those for which regulation is best address (cooperation failures such as The Fishing …
Persistent link: https://www.econbiz.de/10011635985
This paper analyses the impact of common ownership on markups and innovation and adds to the discussion of the recently … of common ownership on innovation activity in high-tech industries and no effectin low-tech industries. Both findings are …
Persistent link: https://www.econbiz.de/10012224881
. Following this introduction, Part II explains that sector-specific regulation and competition law are complementary tools and … even in the presence of ex ante regulation, competition rules should continue to play a significant role. Ex ante … regulation and competition law are complements, not substitutes. Finally, Part V contains a short conclusion …
Persistent link: https://www.econbiz.de/10014057544
anticompetitive effects of mergers, is insufficient to capture innovation competition in its full extent. As a consequence, the aim of … assessment of anticompetitive innovation effects in merger review. By focusing on the applied U.S. Antitrust, it turns out that … none of the existing approaches seems to be appropriate to fully account for innovation competition. However, the …
Persistent link: https://www.econbiz.de/10010229899
anticompetitive effects of mergers, is insufficient to capture innovation competition in its full extent. As a consequence, the aim of … assessment of anticompetitive innovation effects in merger review. By focusing on the applied U.S. Antitrust, it turns out that … none of the existing approaches seems to be appropriate to fully account for innovation competition. However, the …
Persistent link: https://www.econbiz.de/10014149809
In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as the same framework can be used to analyze how growth...
Persistent link: https://www.econbiz.de/10014023785
encourages infrastructure investments. The investment incentive of this regulation scheme has been multiply proven in the … lowers the investor’s termination rates but increases (in the absence of regulation), reduces (with LRIC regulation) or keeps … the competitors’ termination rates constant (with standard cost-based or price-cap regulation). Employing data for the …
Persistent link: https://www.econbiz.de/10014200074