Innovation and the Limits of Antitrust

@article{Manne2009InnovationAT,
  title={Innovation and the Limits of Antitrust},
  author={Geoffrey A. Manne and J. Wright},
  journal={IO: Productivity},
  year={2009}
}
  • Geoffrey A. Manne, J. Wright
  • Published 2009
  • Economics
  • IO: Productivity
  • Frank Easterbrook's seminal analysis of error-cost minimization in The Limits of Antitrust has special relevance to antitrust intervention in markets where innovation is a critical dimension of competition. Both product and business innovations involve novel practices. Historically, the economics profession has tended initially to rely upon monopoly explanations for such practices. Courts have reacted with similar hostility. But almost always there has followed a more nuanced economic… CONTINUE READING

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