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Title details for Innovation Matters by Richard J. Gilbert - Available

Innovation Matters

by Richard J. Gilbert
ebook
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A proposal for moving from price-centric to innovation-centric competition policy, reviewing theory and available 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.

  • Creators

  • Publisher

  • Release date

    July 14, 2020

  • Formats

    • OverDrive Read

      • ISBN: 9780262358620

    • EPUB ebook

      • ISBN: 9780262358620
      • File size: 2215 KB

  • Accessibility

  • Languages

    • English

Formats

  • OverDrive Read
  • EPUB ebook

subjects

Languages

  • English