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innovation by new entrants after the ruling in response to increased competition. Overall, these results are consistent with … their innovation activities in response to the potential entry of direct competitors. We then examine a legal ruling that … subjected these agreements to antitrust litigation, thereby reducing the incentive to enter them. After the ruling, incumbent …
Persistent link: https://www.econbiz.de/10012818283
market competition and regulation in addressing these concerns. Traditional (ex-post) antitrust intervention will be less … may engage in anti-competitive practices that reduce innovation and consumer welfare. This paper deals with the role of … effective in markets driven by network effects unless it is combined with a proper (ex-ante) regulatory framework. Antitrust …
Persistent link: https://www.econbiz.de/10012405498
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
The relationship between competition and innovation is difficult to disentangle, as exogenous variation in market … economy instead of standard antitrust concerns. In technology areas where the breakup reduced concentration, patenting …-induced innovation increase by the IG Farben successors, which then spilled over to the wider chemical industry. …
Persistent link: https://www.econbiz.de/10013358717
Robert Bork's Antitrust Paradox (1978) has been justification for lack of antitrust behavior for over four decades. His … it to the other side of the market and eliminating producer's surplus - that much needed antitrust action has been … ignored by this narrow criterion. This analysis indicates that antitrust action is long overdue after considering two …
Persistent link: https://www.econbiz.de/10012804859
Competition agency guidelines, policy statements and related advocacy are an important vehicle for policy expression … guidelines and policy statements has, arguably, been particularly important in the context of the competition policy treatment of … intellectual property rights, given the complexity of this area, the importance that competition agencies attach to it, and its …
Persistent link: https://www.econbiz.de/10011810287
parameters, such a strategic distortion may result in an alignment or a misalignment of the direction in which innovation goes …
Persistent link: https://www.econbiz.de/10012591323
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
Amazon and the major publishers in the e-book market require competition policy action. The standard antitrust instruments …Dominant or apparently dominant internet platform increasingly become subject to both antitrust investigations and … further-reaching political calls for regulation. While Google is currently in the focus of the discussion, the next candidate …
Persistent link: https://www.econbiz.de/10011492143