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Antitrust in Innovative Industries / Ilya Segal, Michael Whinston.
- Format:
- Book
- Author/Creator:
- Segal, Ilya.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w11525.
- NBER working paper series no. w11525
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2005.
- Summary:
- We study the effects of antitrust policy in industries with continual innovation. A more protective antitrust policy may have conflicting effects on innovation incentives, raising the profits of new entrants, but lowering those of continuing incumbents. We show that the direction of the net effect can be determined by analyzing shifts in innovation benefit and supply holding the innovation rate fixed. We apply this framework to analyze several specific antitrust policies. We show that in some cases, holding the innovation rate fixed, as suggested by our comparative statics results, the tension does not arise and a more protective policy necessarily raises the rate of innovation.
- Notes:
- Print version record
- August 2005.
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