Competition Policy and Innovation

  title={Competition Policy and Innovation},
  author={David Encaoua and Abraham Hollander},
The question addressed by the paper is whether standard procedures and widely accepted insights of competition policy remain valid when one deals with potentially anti-competitive conduct in innovative industries. The question of appropriateness arises because competition in these industries displays features that are radically different from those encountered in traditional sectors of the economy. Competition is for the market rather than in the market, dynamic aspects of competition matter… CONTINUE READING