Antitrust, Innovation and Competitiveness
The essays in this book explore how the US antitrust laws, especially the Sherman Act, have affected the ways in which US corporations can form alliances to compete in world markets. The editors start from the premise that current antitrust laws needlessly and unwisely restrain innovation because they inhibit communication and co-operation between firms, although not all the contributors agree with them about the extent of this effect.
- Hardback | 255 pages
- 152.4 x 228.6 x 25.4mm | 628.22g
- 30 Apr 1992
- Oxford University Press Inc
- New York, United States
"Industrial organization economists (and some lawyers) will find most of these contributions very stimulating and enlightening....An excellent volume for advanced undergraduate and graduate students interested in antitrust and the dynamically competitive process."--Choice"Jorde and Teece have collected seven brilliant essays from leading scholars illuminating the entire landscape of dynamic competition and the technological innovation upon which it depends, and the implications of their theses for industrial policy and antitrust law. They have added an insightful essay of their own (using the subject of cooperation among competitors as a springboard for a more general analysis of the process of innovation and improved rule of reason analysis)--plus the best introduction of its kind I have ever read summarizing all of the different essays by reference to an organizing theme of economic policy."--Jack E. Brown, Founding Member, Brown & Bain