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| Author: | Jorde, T.M. Teece, D.J. |
| Title: | Antitrust policy and innovation: taking account of performance competition and competitor cooperation |
| Journal: | Journal of Institutional and Theoretical Economics
1991 : MAR, VOL. 147:1, p.118-144 |
| Index terms: | MERGERS ANTITRUST |
| Language: | eng |
| Abstract: | Economic analysis, being infatuated with price competition, often ignores the role of innovation in the competitive process. Consequently, antitrust policy (at least in the U.S.) defines markets too narrowly and is hostile to cooperation to effectuate innovation. The paper suggests new definitions, ensuring that the antitrust policy assists rather than impedes competition. |
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