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Intellectual Property, Antitrust, and Strategic Behavior
2003
Innovation Policy and the Economy
Economic growth depends in large part on technological change. Laws governing intellectual property rights protect inventors from competition in order to create incentives for them to innovate. Antitrust laws constrain how a monopolist can act in order to maintain its monopoly in an attempt to foster competition. There is a fundamental tension between these two different types of laws. Attempts to adapt static antitrust analysis to a setting of dynamic R&D competition through the use of
doi:10.1086/ipe.3.25056152
fatcat:wi2q3r2hpfcydnmrciqx2hywrq