During the 1990s, US antitrust policy began to take greater account of economic theories that emphasize the critical role of innovation and change in the competitive process. Several high-profile antitrust cases have focused on dynamic innovation issues as much as or more than static economic efficiency. But does dynamic competition furnish a new rationale for activist antitrust, or a new reason for government to leave markets alone? In this volume, more than a dozen leading scholars with extensive antitrust experience explore this question in the context of the Microsoft case, merger policy, and intellectual property law.
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'This is a fascinating volume on an extremely important topic.' Choice
'... an excellent review of the state of play of the dilemmas and questions being faced by antitrust and competition policy economics in the ever-changing world of the modern industrial and postindustrial economy.' Australian Agriculture and Resource Economics Society
Does dynamic competition furnish a new rationale for activist antitrust, or a new reason for government to leave the markets alone? In this volume, more than a dozen leading scholars with extensive antitrust experience explore this question in the context of the Microsoft case, merger policy, and intellectual property law.
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