Competition Policy In Dynamic Markets
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Competition Policy In Dynamic Markets
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Author : David B. Audretsch
language : en
Publisher:
Release Date : 2001
Competition Policy In Dynamic Markets written by David B. Audretsch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Competition categories.
Special Issue Competition Policy In Dynamic Markets
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Author : David B. Audretsch
language : en
Publisher:
Release Date : 2001
Special Issue Competition Policy In Dynamic Markets written by David B. Audretsch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Competition Law S Innovation Factor
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Author : Viktoria H S E Robertson
language : en
Publisher: Bloomsbury Publishing
Release Date : 2020-02-06
Competition Law S Innovation Factor written by Viktoria H S E Robertson and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-02-06 with Law categories.
In recent years, market definition has come under attack as an analytical tool of competition law. Scholars have increasingly questioned its usefulness and feasibility. That criticism comes into sharper relief in dynamic, innovation-driven markets, which do not correspond to the static markets on which the concept of the relevant market was modelled. This book explores that controversy from a comparative legal perspective, taking into account both EU competition and US antitrust law. It examines the manifold ways in which courts and competition authorities in the EU and US have factored innovation-related considerations into market delineation, covering: innovative product markets, product differentiation, future markets, issues going beyond market definition proper – such as innovation competition, innovation markets and potential competition –, intellectual property rights, innovative aftermarkets and multi-sided platforms. This book finds that going forward, the role of market definition in dynamic contexts needs to focus on its function of market characterisation rather than on the assessment of market power.
Dynamic Competition And Public Policy
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Author : Jerome Ellig
language : en
Publisher: Cambridge University Press
Release Date : 2001-04-23
Dynamic Competition And Public Policy written by Jerome Ellig and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-04-23 with Business & Economics categories.
Scholars explore antitrust issues as these relate to dynamic industry competition and public policy.
Competition Policy For Small Market Economies
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Author : Michal S. GAL
language : en
Publisher: Harvard University Press
Release Date : 2009-06-30
Competition Policy For Small Market Economies written by Michal S. GAL and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-06-30 with Business & Economics categories.
Michal Gal's thorough analysis shows the effects of market size on competition policy, ranging from rules of thumb to more general policy prescriptions, such as goals and remedial tools. Competition policy in small economies is becoming increasingly important, since the number of small jurisdictions adopting such policy is rapidly growing. Gal's focus extends beyond domestic competition policy to the evaluation of the current trend toward the worldwide harmonization of policies.
Innovation Markets And Competition Analysis
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Author : Marcus Glader
language : en
Publisher: Edward Elgar Publishing
Release Date : 2006-01-01
Innovation Markets And Competition Analysis written by Marcus Glader and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with Law categories.
The book is warmly recommended to practitioners and academics from both the legal and the economic field. Guido Westkamp, Journal of Intellectual Property Law and Practice . . . Glader offers strong commentary and case explanation, coupled with insightful analysis, in this complex area. . . This book is strong on both the relevant law, and the economics arena in which the law must be applied, and deals equally well with the US and EC principles and practice. Mark Furse, European Competition Law Review The pace and scope of technological change is increasing, but some innovative technologies take years before they give rise to saleable products. Before they do, there is competition in ideas and research, but the ideas cannot be market tested, because there are no products or services to offer to consumers. Competition law, in Europe and the USA, cannot be applied to competition in research for innovation as if it was competition between products. Completely different problems arise and a completely different approach is needed. This book, the first on innovation markets, shows how this new approach has been used by competition authorities on both sides of the Atlantic in a wide variety of cases. It analyses in depth and detail the comparative law and economics of the problems arising from the different stages of these markets . It considers how far conclusions can be drawn about the future and comes to interesting, practical and sensible conclusions. And it avoids both unjustified scepticism and exaggerated enthusiasm about the theories of innovation markets. John Temple Lang, Cleary Gottlieb Steen & Hamilton LLP, Brussels and London; Trinity College Dublin, Ireland and Oxford University, UK This book examines the legal standards and their underlying economic rationale for the protection of competition in the innovation process, in both European competition law and American antitrust law. Apart from relevant regulatory frameworks, the author also reviews a range of case laws, which assess whether a transaction or unilateral conduct would limit market participants incentives and abilities for continued innovation and future competition. At the centre of this study is the innovation market concept. This concept entails the delineation, for purposes of antitrust analysis, of an upstream market for competing R&D. Questions of market definition, the assessment of innovation competition in defined markets, the role of efficiencies in the appraisal of transactions and possible remedies to alleviate anti-competitive effects are also explored. Updating the field of research in light of new developments and broadening and deepening the categorization and analysis of the innovation market area, this book will be of great interest to academics, practitioners and consultants, and also public policymakers.
Dynamic Markets And Dynamic Enforcement
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Author : Damien Gerard
language : en
Publisher:
Release Date : 2018-03-14
Dynamic Markets And Dynamic Enforcement written by Damien Gerard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-14 with Antitrust law categories.
This volume contains written accounts of a number of contributions to the 12th GCLC Annual Conference dedicated to "Dynamic Markets and Dynamic Enforcement : which competition policy for a world in flux ?", held in Brussels on 26-27 January 2017. Like the conference, this volume explores the existence of a connection between : (I) technological changes ("digitization"); (II) transformations in market dynamics and business strategies ; (III) challenges to and evolutions in the application of competition principles ; and (IV) innovations in enforcement strategies, with possible second-order effects of these novel enforcement strategies on the conduct of proceedings and decisional outcomes. Structured in two parts, this volume discusses successively the interactions between the expansion of dynamic markets and the application of substantive competition principles, on the one hand, and the design of enforcement practices, on the other hand. Hence, together with conceptual reflections on the state of EU competition law enforcement in the new digital ecosystem, the contributions included in this volume discuss topics such as the relationship between competition and innovation, the specificities of multi-sided markets, how big data may affect market power, the benefits and limitations of the settlement and commitment procedures, due process issues related to the involvement of third-parties in competition enforcement, as well as the role of judicial review in dynamic enforcement contexts.
A Framework For The Design And Implementation Of Competition Law And Policy
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Author : R. S. Khemani
language : en
Publisher: World Bank Publications
Release Date : 1999
A Framework For The Design And Implementation Of Competition Law And Policy written by R. S. Khemani and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Law categories.
A dynamic and competitive environment, underpinned by competition law policy, is an essential characteristic of successful market economies. To satisfy the growing demand for information on current approaches and practices in competition law policy, the project "Framework for the Design and Implementation of Competition Law-Policy" was initiated by the World Bank, with participation by OECD. This ensuing volume reflects the main issues that arise in design and implementation of competition law and policy in order to assist countries in developing an approach that suits their own needs and conditions. The views articulated in this publication suggest that the administration and enforcement of competition law policy should assign the greatest importance to fostering economic efficiency and consumer welfare.
Competition Innovation And Antitrust
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Author : Federico Etro
language : en
Publisher: Springer Science & Business Media
Release Date : 2007-09-05
Competition Innovation And Antitrust written by Federico Etro and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-09-05 with Science categories.
This book reviews recent progress in the theory of oligopoly and market leadership and provides new results on the theory of Stackelberg competition and Nash competition with strategic investment under endogenous entry. These theories are applied to models of competition in quantities, prices and to patent races. The results are used to propose a new approach to competition policy and issues of the abuse of dominance.
Innovation Matters
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Author : Richard J. Gilbert
language : en
Publisher: MIT Press
Release Date : 2022-06-07
Innovation Matters written by Richard J. Gilbert and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-07 with Business & Economics categories.
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 competition benefits consumers, and courts, antitrust agencies, and economists have developed tools for the quantitative evaluation of price impacts. Antitrust law does not preclude interventions to encourage innovation, but over time the interpretation of the laws has raised obstacles to enforcement policies for innovation. In this book, economist Richard Gilbert proposes a shift from price-centric to innovation-centric competition policy. Antitrust enforcement should be concerned with protecting incentives for innovation and preserving opportunities for dynamic, rather than static, competition. In a high-technology economy, Gilbert argues, innovation matters. Gilbert considers both theory and available empirical evidence on the relationships among market structure, firm behavior, and the production of new products and services. He reviews the distinctive features of the high-tech economy and why current analytical tools used by antitrust enforcers aren't up to the task of assessing innovation concerns. He considers, from the perspective of innovation competition, Kenneth Arrow's “replacement effect” and the Schumpeterian theory of market power and appropriation; discusses the effect of mergers on innovation and future price competition; and reviews the empirical literature on competition, mergers, and innovation. He describes examples of merger enforcement by US and European antitrust agencies; examines cases brought against Microsoft and Google; and discusses the risks and benefits of interoperability standards. Finally, he offers recommendations for competition policy. The open access edition of this book was made possible by generous funding from Arcadia – a charitable fund of Lisbet Rausing and Peter Baldwin.