Innovation Matters Competition Policy for the High-Technology Economy

• Main Author: Gilbert, Richard J. (auth)
• Format: Electronic Book Chapter
• Language: English
• Published: Cambridge The MIT Press 2020
• Series: The MIT Press
• Subjects: Economics of industrial organisation; Competition law / Antitrust law; Impact of science & technology on society; competition; innovation; antitrust; mergers; acquisitions; research and development; R&D; monopoly; antitrust policy; Google; Microsoft; European Commission; Justice Department; FTC; Arrow; Schumpeter
• Online Access: DOAB: download the publication; DOAB: description of the publication

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...