effect of mergers on innovation and future price competition; and reviews the empirical literature on competition, mergers …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 …

Using data from the U.S. automobile market, we empirically examine the link between competition and innovation … this an interesting market to examine the link between competition and innovation. We use firm-level time-series data over …. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the U.S. market …

-level productivity growth, and an inverted-U relationship between competition and firm-level innovation. Notwithstanding the positive …I incorporate an insight of Friedrich Hayek - that competition allows a thousand flowers to bloom, and discovers the … best among them - into a model of Schumpeterian innovation. Firms face uncertainty about the optimal direction of …

of competition law. This raises difficult questions about the relationship between competition and innovation as well as … what kind of assessment concepts competition authorities should use for investigating innovation effects, e.g., in merger … cases. This paper, on one hand, reviews briefly our economic knowledge about competition and innovation, and claims that it …

&D personnel and industry concentration exists. If market concentration is a measure of competition than we can conclude that … innovation is related to the competitive market structure. We arrived at the same conclusion when innovation was measured by … intangible assets and competition was measured by Lerner index. Finally, our analysis concluded that although foreign firms are …

anticompetitive effects of mergers, is insufficient to capture innovation competition in its full extent. As a consequence, the aim of … none of the existing approaches seems to be appropriate to fully account for innovation competition. However, the …The relevant competitors in regard to innovation might, but not necessarily do, correspond to the identified …

This paper examines how market competition affects the intensity and breadth of innovation. I assembled a unique … between price competition and innovation. When collusion suppressed price competition, colluding firms increased patent … technology classes increased by 30%. When competition was restored by collusion breakdown, the increased and broadened innovation …

of competition law. This raises difficult questions about the relationship between competition and innovation as well as … what kind of assessment concepts competition authorities should use for investigating innovation effects, e.g., in merger … cases. This paper, on one hand, reviews briefly our economic knowledge about competition and innovation, and claims that it …

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 … firms increased their net innovation activities in response to competitive entry. These effects center on firms with …

discussed tradeoffs between innovation and price competition. I summarize recent developments in our knowledge of the … 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 …