Abstract
There is a tension between the antitrust laws and the intellectual property (IP) laws. Both aim to promote social welfare, but their focus differs. By and large, antitrust law aims to promote competition and static welfare. In contrast, IP law permits static welfare losses in exchange for dynamic welfare gains. Thus, there is a tradeoff between static and dynamic welfare considerations. This tradeoff leads to a natural tension between IP law and antitrust policy. Implicitly, we believe that the benefits of long-term progress outweigh the short-run welfare losses that are due to the misallocation of resources. This can be seen in our Special Issue.
Sign-in/Register to access full text options 
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.
