Antitrust, Innovation, and Competitiveness: Thomas M. Jorde, David J. Teece
Antitrust, Innovation, and Competitiveness: Thomas M. Jorde, David J. Teece
Review
“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
This book explores how the U.S. antitrust laws, especially the Sherman Antitrust Act, have affected the ways in which U.S. corporations can form alliances to compete in world markets. The editors start from the premise that current antitrust laws unwisely restrain innovation by inhibiting desirable pro-competitive communication and cooperation between firms. This results in an impediment to the performance of U.S. firms competing in industries experiencing rapid technological change. Not all of the contributors agree with the editors about the degree to which the antitrust laws do indeed inhibit U.S. industry. Thus, the book represents a variety of views on a topic of increasing importance. Contributors include Phillip Areeda, William J. Baumol, Ann I. Jones, Robert P. Merges, Richard R. Nelson, Janusz A. Ordover, Thomas M. Jorde, Richard Schmalensee, Lawrence A. Sullivan, David M. Teece, Oliver E. Williamson, and Judge Frank H. Easterbrook.