Abstract
US competition policy, with its recent emphasis on encouraging the commercialization of new technological innovations, exhibits the flexibility to embrace new national competitiveness objectives. Competition policy's traditional economic goal, of broadening consumer choice and improving market efficiency, is now extended to encourage continuous innovation (both technological and organizational) in a network-based, global business environment. Antitrust enforcement in recently formed industries exhibiting dynamic innovation requires a new theoretical foundation (utilizing Schumpeterian, evolutionary, Austrian, path-dependence, and resource-based perspectives) to create competition guidelines for agency intervention, as well as remedies that will not interfere with the ‘creative destruction’ that characterizes the innovation process. Copyright , Beech Tree Publishing.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
