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Severe limitations on antitrust enforcement officials' knowledge and the potential impact of ill-advised investigations and prosecutions on markets suggest that officials should exercise extraordinary caution in enforcement of restraints on single-firm conduct. Although it is common to depict...
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perspective advances a policy stance that favors innovation …
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measures and economic theory presents many tools to be able to do so. However, the impact of antitrust policy on innovation is … entrant does stymy innovation as there are then fewer firms operating in the same space, but in other cases, people launch … promoting innovation on the one hand, through the economies of scale allowable by knowing that components developed can be used …
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significant adverse effects on competition and innovation—the two things they are supposed to protect …
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