Innovation And Competition

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Innovation Matters

Author : Richard J. Gilbert
Publisher : MIT Press
ISBN 13 : 0262545799
Total Pages : 337 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Innovation Matters by : Richard J. Gilbert

Download or read book Innovation Matters written by Richard J. Gilbert and published by MIT Press. This book was released on 2022-06-07 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: A proposal for moving from price-centric to innovation-centric competition policy, reviewing theory and evidence on economic incentives for innovation. Competition policy and antitrust enforcement have traditionally focused on prices rather than innovation. Economic theory shows the ways that price competition benefits consumers, and courts, antitrust agencies, and economists have developed tools for the quantitative evaluation of price impacts. Antitrust law does not preclude interventions to encourage innovation, but over time the interpretation of the laws has raised obstacles to enforcement policies for innovation. In this book, economist Richard Gilbert proposes a shift from price-centric to innovation-centric competition policy. Antitrust enforcement should be concerned with protecting incentives for innovation and preserving opportunities for dynamic, rather than static, competition. In a high-technology economy, Gilbert argues, innovation matters. Gilbert considers both theory and available empirical evidence on the relationships among market structure, firm behavior, and the production of new products and services. He reviews the distinctive features of the high-tech economy and why current analytical tools used by antitrust enforcers aren't up to the task of assessing innovation concerns. He considers, from the perspective of innovation competition, Kenneth Arrow's “replacement effect” and the Schumpeterian theory of market power and appropriation; discusses the effect of mergers on innovation and future price competition; and reviews the empirical literature on competition, mergers, and innovation. He describes examples of merger enforcement by US and European antitrust agencies; examines cases brought against Microsoft and Google; and discusses the risks and benefits of interoperability standards. Finally, he offers recommendations for competition policy. The open access edition of this book was made possible by generous funding from Arcadia – a charitable fund of Lisbet Rausing and Peter Baldwin.

The Roles of Innovation in Competition Law Analysis

Author : Paul Nihoul
Publisher : Edward Elgar Publishing
ISBN 13 : 1788972449
Total Pages : 424 pages
Book Rating : 4.7/5 (889 download)

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Book Synopsis The Roles of Innovation in Competition Law Analysis by : Paul Nihoul

Download or read book The Roles of Innovation in Competition Law Analysis written by Paul Nihoul and published by Edward Elgar Publishing. This book was released on 2018 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rapid technological innovations have challenged the conventional application of antitrust and competition law across the globe. Acknowledging these challenges, this original work analyses the roles of innovation in competition law analysis and reflects on how competition and antitrust law can be refined and tailored to innovation.

Innovation Markets and Competition Analysis

Author : Marcus Glader
Publisher : Edward Elgar Publishing
ISBN 13 : 1847201687
Total Pages : 361 pages
Book Rating : 4.8/5 (472 download)

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Book Synopsis Innovation Markets and Competition Analysis by : Marcus Glader

Download or read book Innovation Markets and Competition Analysis written by Marcus Glader and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is warmly recommended to practitioners and academics from both the legal and the economic field. Guido Westkamp, Journal of Intellectual Property Law and Practice . . . Glader offers strong commentary and case explanation, coupled with insightful analysis, in this complex area. . . This book is strong on both the relevant law, and the economics arena in which the law must be applied, and deals equally well with the US and EC principles and practice. Mark Furse, European Competition Law Review The pace and scope of technological change is increasing, but some innovative technologies take years before they give rise to saleable products. Before they do, there is competition in ideas and research, but the ideas cannot be market tested, because there are no products or services to offer to consumers. Competition law, in Europe and the USA, cannot be applied to competition in research for innovation as if it was competition between products. Completely different problems arise and a completely different approach is needed. This book, the first on innovation markets, shows how this new approach has been used by competition authorities on both sides of the Atlantic in a wide variety of cases. It analyses in depth and detail the comparative law and economics of the problems arising from the different stages of these markets . It considers how far conclusions can be drawn about the future and comes to interesting, practical and sensible conclusions. And it avoids both unjustified scepticism and exaggerated enthusiasm about the theories of innovation markets. John Temple Lang, Cleary Gottlieb Steen & Hamilton LLP, Brussels and London; Trinity College Dublin, Ireland and Oxford University, UK This book examines the legal standards and their underlying economic rationale for the protection of competition in the innovation process, in both European competition law and American antitrust law. Apart from relevant regulatory frameworks, the author also reviews a range of case laws, which assess whether a transaction or unilateral conduct would limit market participants incentives and abilities for continued innovation and future competition. At the centre of this study is the innovation market concept. This concept entails the delineation, for purposes of antitrust analysis, of an upstream market for competing R&D. Questions of market definition, the assessment of innovation competition in defined markets, the role of efficiencies in the appraisal of transactions and possible remedies to alleviate anti-competitive effects are also explored. Updating the field of research in light of new developments and broadening and deepening the categorization and analysis of the innovation market area, this book will be of great interest to academics, practitioners and consultants, and also public policymakers.

Innovation Clusters and Interregional Competition

Author : Johannes Bröcker
Publisher : Springer Science & Business Media
ISBN 13 : 3540247602
Total Pages : 413 pages
Book Rating : 4.5/5 (42 download)

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Book Synopsis Innovation Clusters and Interregional Competition by : Johannes Bröcker

Download or read book Innovation Clusters and Interregional Competition written by Johannes Bröcker and published by Springer Science & Business Media. This book was released on 2012-11-02 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world's leading experts contribute to our understanding of regional innovation, cluster formation and the factors that influence regional productivity and innovative performance. The text improves our understanding of the reasons why, how and where innovation clusters emerge, as well as the factors that determine their respective success or failure. In doing so, it provides a timely and comprehensive picture on innovation, location, networks and clusters as important means in an environment of intensifying interregional competition. The book is written for professional researchers as well as for students and practitioners in politics, business and consultancy.

Promoting Competition in Innovation Through Merger Control in the ICT Sector

Author : Kalpana Tyagi
Publisher : Springer
ISBN 13 : 9783662587867
Total Pages : 328 pages
Book Rating : 4.5/5 (878 download)

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Book Synopsis Promoting Competition in Innovation Through Merger Control in the ICT Sector by : Kalpana Tyagi

Download or read book Promoting Competition in Innovation Through Merger Control in the ICT Sector written by Kalpana Tyagi and published by Springer. This book was released on 2020-08-14 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the question of how competition authorities assess mergers in the Information Communication Technology (ICT) sector so as to promote competition in innovation. A closer look at the question reveals that it is far more complex and difficult to answer for the ICT, telecommunications and multi-sided platform (MSP) economy than for more traditional sectors of the economy. This has led many scholars to re-think and question whether the current merger control framework is suitable for the ICT sector, which is often also referred to as the new economy. The book pursues an interdisciplinary approach combining insights from law, economics and corporate strategy. Further, it has a comparative dimension, as it discusses the practices of the US, the EU and, wherever relevant, of other competition authorities from around the globe. Considering that the research was conducted in the EU, the practices of the European Commission remain a key aspect of the content.Considering its normative dimension, the book concentrates on the substantive aspects of merger control. To facilitate a better understanding of the most important points, the book also offers a brief overview of the procedural aspects of merger control in the EU, the US and the UK, and discusses recent amendments to Austrian and German law regarding the notification threshold. Given its scope, the book offers an invaluable guide for competition law scholars, practitioners in the field, and competition authorities worldwide.

Competition, Strategy, and Innovation

Author : Rafał Śliwiński
Publisher : Routledge Advances in Management and Business Studies
ISBN 13 : 9781032068923
Total Pages : 0 pages
Book Rating : 4.0/5 (689 download)

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Book Synopsis Competition, Strategy, and Innovation by : Rafał Śliwiński

Download or read book Competition, Strategy, and Innovation written by Rafał Śliwiński and published by Routledge Advances in Management and Business Studies. This book was released on 2023-05 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding the latest trends and technologies and their impact on enterprises, organizations or state administrations is essential to successfully develop a business in the age of Industry 4.0. This book presents a unique selection of topics and offers the reader an understanding of the implications of the newest technologies such as Artificial Intelligence (AI), Internet of Things (IoT), Augmented Reality (AR) and new trends like social media and sustainable competitiveness in business. It presents the impact of the newest trends on businesses, consumers, and the result on the economy. Contributions showcase the technical perspective of new technologies and provides an innovative and enriching perspective on the implementation of AI in e-commerce and the developmental barriers it can create, modern social media usage in enterprises, the newest trends in innovation management, sustainable competitiveness in the business context, the influence and effect of augmented reality, and the privacy problem of Internet of Things to consumers. This book illustrates how to develop innovation cooperation between business, academia and public institutions through the example of biopharmaceutical industry. It will be of value to researchers, academics, professionals, and students in the fields of economics, management, international business.

Competition, Innovation, and Antitrust

Author : Federico Etro
Publisher : Springer Science & Business Media
ISBN 13 : 3540496017
Total Pages : 296 pages
Book Rating : 4.5/5 (44 download)

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Book Synopsis Competition, Innovation, and Antitrust by : Federico Etro

Download or read book Competition, Innovation, and Antitrust written by Federico Etro and published by Springer Science & Business Media. This book was released on 2007-09-05 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews recent progress in the theory of oligopoly and market leadership and provides new results on the theory of Stackelberg competition and Nash competition with strategic investment under endogenous entry. These theories are applied to models of competition in quantities, prices and to patent races. The results are used to propose a new approach to competition policy and issues of the abuse of dominance.

Markets in the Making

Author : Michel Callon
Publisher : Princeton University Press
ISBN 13 : 1942130589
Total Pages : 270 pages
Book Rating : 4.9/5 (421 download)

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Book Synopsis Markets in the Making by : Michel Callon

Download or read book Markets in the Making written by Michel Callon and published by Princeton University Press. This book was released on 2021-12-07 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Slicing through blunt theories of supply and demand, Callon presents a rigorously researched but counterintuitive model of how everyday market activity gets produced. If you’re convinced you know what a market is, think again. In his long-awaited study, French sociologist and engineer Michel Callon takes us to the heart of markets, to the unsung processes that allow innovations to become robust products and services. Markets in the Making begins with the observation that stable commercial transactions are more enigmatic, more elusive, and more involved than previously described by economic theory. Slicing through blunt theories of supply and demand, Callon presents a rigorously researched but counterintuitive model of market activity that emphasizes what people designing products or launching startups soon discover—the inherent difficulties of connecting individuals to things. Callon’s model is founded upon the notion of “singularization,” the premise that goods and services must adapt and be adapted to the local milieu of every individual whose life they enter. Person by person, thing by thing, Callon demonstrates that for ordinary economic transactions to emerge en masse, singular connections must be made. Pushing us to see markets as more than abstract interfaces where pools of anonymous buyers and sellers meet, Callon draws our attention to the exhaustively creative practices that market professionals continuously devise to entangle people and things. Markets in the Making exemplifies how prototypes, fragile curiosities that have only just been imagined, are gradually honed into predictable objects and practices. Once these are active enough to create a desired effect, yet passive enough to be transferred from one place to another without disruption, they will have successfully achieved the status of “goods” or “services.” The output of this more ample process of innovation, as redefined by Callon, is what we recognize as “the market”—commercial activity, at scale. The capstone of an influential research career at the forefront of science and technology studies, Markets in the Making coherently integrates the empirical perspective of product engineering with the values of the social sciences. After masterfully redescribing how markets are made, Callon culminates with a strong empirical argument for why markets can and should be harnessed to enact social change. His is a theory of markets that serves social critique.

Pharmaceutical Innovation, Competition and Patent Law

Author : Josef Drexl
Publisher : Edward Elgar Publishing
ISBN 13 : 0857932462
Total Pages : 347 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis Pharmaceutical Innovation, Competition and Patent Law by : Josef Drexl

Download or read book Pharmaceutical Innovation, Competition and Patent Law written by Josef Drexl and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public health, safety and access to reasonably priced medicine are common policy goals of pharmaceutical regulations. As both the context for innovation and competitive structure change, industry actors dynamically challenge the balance between the incentive for protection and the achievement of those policy goals. Considering the arguments from the perspectives of innovation, competition law and patent law, this book explores the difficult question of balancing protection with access, highlighting the difficulties in harmonization and coordination. The contributors to this book, including academics, judges and practitioners from Europe, the US and Japan, explore to what extent patent strategies and life-cycle management practices take advantage of patent laws and health-care regulation and disrupt the necessary balance between incentives for innovation and access to affordable medicine and health care. Addressing fundamental questions in the field of pharmaceutical innovation, this book will appeal to scholars and practitioners in intellectual property, competition law and life sciences regulation, as well as pharmaceutical companies and regulators.

The Rate and Direction of Inventive Activity Revisited

Author : Josh Lerner
Publisher : University of Chicago Press
ISBN 13 : 0226473031
Total Pages : 715 pages
Book Rating : 4.2/5 (264 download)

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Book Synopsis The Rate and Direction of Inventive Activity Revisited by : Josh Lerner

Download or read book The Rate and Direction of Inventive Activity Revisited written by Josh Lerner and published by University of Chicago Press. This book was released on 2012-04-15 with total page 715 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume offers contributions to questions relating to the economics of innovation and technological change. Central to the development of new technologies are institutional environments and among the topics discussed are the roles played by universities and the ways in which the allocation of funds affects innovation.

Is Competition Good for Innovation?

Author : Armin Schmutzler
Publisher : Now Publishers Inc
ISBN 13 : 1601983840
Total Pages : 86 pages
Book Rating : 4.6/5 (19 download)

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Book Synopsis Is Competition Good for Innovation? by : Armin Schmutzler

Download or read book Is Competition Good for Innovation? written by Armin Schmutzler and published by Now Publishers Inc. This book was released on 2010 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is Competition Good for Innovation? investigates the relation between competition and innovation.

Competition Law, Innovation and Antitrust

Author : Hedvig Schmidt
Publisher : Edward Elgar Publishing
ISBN 13 : 1849802351
Total Pages : 301 pages
Book Rating : 4.8/5 (498 download)

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Book Synopsis Competition Law, Innovation and Antitrust by : Hedvig Schmidt

Download or read book Competition Law, Innovation and Antitrust written by Hedvig Schmidt and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . a must-read for anyone wanting to study tying in more detail. . . the book offers a very thorough analysis of tying, together with some recommended improvements to the way in which tying is currently assessed under the EU and the US antitrust rules. Common Market Law Review Schmidt s Competition Law, Innovation and Antitrust is a superb introduction to the subject of tying arrangements and other bundled sales in high technology markets, principally as they are treated under US antitrust law and EU competition law. Schmidt thoroughly assesses the economics of such arrangements, the benefits they confer and the potential harms they impose, and then gives a positive introduction to the law. This is a comprehensive treatment of its subject and an indispensible aid to the competition law scholar or practitioner. Herbert Hovenkamp, University of Iowa, College of Law, US This innovative book assesses the hotly debated topic of tying from three different perspectives: competition law, economics and intellectual property rights. It highlights the faults and benefits of the current approaches to tying under EC competition law and US antitrust law. In the light of modern economic thinking, the recent review of Article 82 EC, and Sherman Act, Section 2, the author identifies a more economic approach to tying that moves away from the per se illegality label that has so far impinged on tying case law. Hedvig Schmidt recognizes the significance that tying can play on innovation and product development, and thus suggests a new approach which carves out a safe haven for technological integrated products to ensure continuous stimulation of innovation. With comparative assessments and investigations, this book is a must-read for academics specializing in competition law and theory, as well as practitioners and policy-makers of competition law and intellectual property.

Incentives for Collaboration and Competition

Author : Jonas Heite
Publisher : Springer Nature
ISBN 13 : 3658292318
Total Pages : 219 pages
Book Rating : 4.6/5 (582 download)

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Book Synopsis Incentives for Collaboration and Competition by : Jonas Heite

Download or read book Incentives for Collaboration and Competition written by Jonas Heite and published by Springer Nature. This book was released on 2020-02-25 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Individuals and firms can improve their performance through collaboration and competition. However, it is still an open question how collaboration and competition schemes can be optimally designed and incentivized in order to exploit their full potential. Jonas Heite investigates this question by assessing efforts to stimulate R&D collaboration and by examining properties as well as underlying mechanisms (e.g., effort, risk, confidence and stress) of ability configurations in contests. Based on three large-scale economic studies covering laboratory, field and natural experiments, the author applies novel and sophisticated econometric methods to provide causal empirical evidence that yields important implications for policymakers, managers and researchers.

Competition and Growth

Author : Philippe Aghion
Publisher : MIT Press
ISBN 13 : 0262512025
Total Pages : 115 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Competition and Growth by : Philippe Aghion

Download or read book Competition and Growth written by Philippe Aghion and published by MIT Press. This book was released on 2008-01-25 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though competition occupies a prominent place in the history of economic thought, among economists today there is still a limited, and sometimes contradictory, understanding of its impact. In Competition and Growth, Philippe Aghion and Rachel Griffith offer the first serious attempt to provide a unified and coherent account of the effect competition policy and deregulated entry has on economic growth. The book takes the form of a dialogue between an applied theorist calling on "Schumpeterian growth" models and a microeconometrician employing new techniques to gauge competition and entry. In each chapter, theoretical models are systematically confronted with empirical data, which either invalidates the models or suggests changes in the modeling strategy. Aghion and Griffith note a fundamental divorce between theorists and empiricists who previously worked on these questions. On one hand, existing models in industrial organization or new growth economics all predict a negative effect of competition on innovation and growth: namely, that competition is bad for growth because it reduces the monopoly rents that reward successful innovators. On the other hand, common wisdom and recent empirical studies point to a positive effect of competition on productivity growth. To reconcile theory and evidence, the authors distinguish between pre- and post-innovation rents, and propose that innovation may be a way to escape competition, an idea that they confront with microeconomic data. The book's detailed analysis should aid scholars and policy makers in understanding how the benefits of tougher competition can be achieved while at the same time mitigating the negative effects competition and imitation may have on some sectors or industries.

The Business of Platforms

Author : Michael A. Cusumano
Publisher : HarperCollins
ISBN 13 : 0062896334
Total Pages : 320 pages
Book Rating : 4.0/5 (628 download)

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Book Synopsis The Business of Platforms by : Michael A. Cusumano

Download or read book The Business of Platforms written by Michael A. Cusumano and published by HarperCollins. This book was released on 2019-05-07 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: A trio of experts on high-tech business strategy and innovation reveal the principles that have made platform businesses the most valuable firms in the world and the first trillion-dollar companies. Managers and entrepreneurs in the digital era must learn to live in two worlds—the conventional economy and the platform economy. Platforms that operate for business purposes usually exist at the level of an industry or ecosystem, bringing together individuals and organizations so they can innovate and interact in ways not otherwise possible. Platforms create economic value far beyond what we see in conventional companies. The Business of Platforms is an invaluable, in-depth look at platform strategy and digital innovation. Cusumano, Gawer, and Yoffie address how a small number of companies have come to exert extraordinary influence over every dimension of our personal, professional, and political lives. They explain how these new entities differ from the powerful corporations of the past. They also question whether there are limits to the market dominance and expansion of these digital juggernauts. Finally, they discuss the role governments should play in rethinking data privacy laws, antitrust, and other regulations that could reign in abuses from these powerful businesses. Their goal is to help managers and entrepreneurs build platform businesses that can stand the test of time and win their share of battles with both digital and conventional competitors. As experts who have studied and worked with these firms for some thirty years, this book is the most authoritative and timely investigation yet of the powerful economic and technological forces that make platform businesses, from Amazon and Apple to Microsoft, Facebook, and Google—all dominant players in shaping the global economy, the future of work, and the political world we now face.

Competing Through Innovation

Author : David J. Teece
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 528 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Competing Through Innovation by : David J. Teece

Download or read book Competing Through Innovation written by David J. Teece and published by Edward Elgar Publishing. This book was released on 2013 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: This cohesive collection brings together David J. Teece's most important work on the nexus of innovation and competition policy. He was one of the first to flag the importance of innovation issues to competition policy 25 years ago. He has also pioneered the application of economic and organizational principles to issues in the management of innovation. Throughout these essays, Professor Teece shows how technological advances, the advent of the Internet and other recent shifts in the global business landscape have placed businesses in a radically altered situation from even just a few decades ago. He clearly elucidates the need for both businesses and policymakers to adapt to this rapidly evolving landscape by embracing and fostering next-generation competition policies. Topics discussed include antitrust policy, technology strategies, competition policy, market power and intellectual property issues. Students and professors of business and management, innovation studies, intellectual property and competition lawyers will find this volume a critical asset to their work. Policymakers and regulators will also benefit immensely from this lucid and comprehensive collection.

Managing Technology and Innovation for Competitive Advantage

Author : V. K. Narayanan
Publisher : Pearson
ISBN 13 :
Total Pages : 536 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Managing Technology and Innovation for Competitive Advantage by : V. K. Narayanan

Download or read book Managing Technology and Innovation for Competitive Advantage written by V. K. Narayanan and published by Pearson. This book was released on 2001 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book to provide an integrated, strategic view of management of technology. Focusing on both theory and practice, it addresses the contemporary challenges general managers face today--e.g., globalization, time compression, technology integration--and explores several strategic approaches for dealing with them, from both a managerial and economic viewpoint. Several integrative themes--T-M matrix, environmental drivers, process of decision making, competitive vs collaborative approaches, and value creation--are followed throughout. Technology Environment; Processes Of Technology Change: Innovation And Diffusion; Technology And Competition; Process Innovation, Value Chains And Organization; Technology Intelligence; Technology Strategy: Collaborative Mode; Appropriation Of Technology; Deployment In New Products; Deployment Of Technology In The Value Chain; Organizing For Innovation; Intellectual Property Strategy; Project Valuation And Financing. For Chief Technology Officers; Directors of Technology, R&D, Product Development, Operations; Chief Information Officers.