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Innovation and Cooperation: Implications for Competition and Antitrust

Innovation and Cooperation: Implications for Competition and Antitrust Abstract This paper begins by describing the nature of the innovation process. We then explore socially beneficial forms of cooperation that can assist the development and commercialization of new technology, and suggest modifications to current U.S. antitrust law that would remove unnecessary impediments to organizational arrangements that support innovation and stimulate competition in the United States. The modifications we propose would create “safe harbors” for various forms of cooperative activities among competitors in unconcentrated markets, and they would permit cooperation in concentrated markets if commercialization and appropriability were thereby facilitated. These modifications would bring U.S. antitrust laws closer to what is already in place in Europe and Japan and would promote competition more assuredly than would existing law. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Perspectives American Economic Association

Innovation and Cooperation: Implications for Competition and Antitrust

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Publisher
American Economic Association
Copyright
Copyright © 1990 by the American Economic Association
Subject
Symposia
ISSN
0895-3309
DOI
10.1257/jep.4.3.75
Publisher site
See Article on Publisher Site

Abstract

Abstract This paper begins by describing the nature of the innovation process. We then explore socially beneficial forms of cooperation that can assist the development and commercialization of new technology, and suggest modifications to current U.S. antitrust law that would remove unnecessary impediments to organizational arrangements that support innovation and stimulate competition in the United States. The modifications we propose would create “safe harbors” for various forms of cooperative activities among competitors in unconcentrated markets, and they would permit cooperation in concentrated markets if commercialization and appropriability were thereby facilitated. These modifications would bring U.S. antitrust laws closer to what is already in place in Europe and Japan and would promote competition more assuredly than would existing law.

Journal

Journal of Economic Perspectives – American Economic Association

Published: Aug 1, 1990

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