001386689 000__ 04432cam\a2200469Ki\4500
001386689 001__ 1386689
001386689 003__ MaCbMITP
001386689 005__ 20240325105103.0
001386689 006__ m\\\\\o\\d\\\\\\\\
001386689 007__ cr\cn\nnnunnun
001386689 008__ 200821s2020\\\\maua\\\\ob\\\\001\0\eng\d
001386689 020__ $$a0262358638$$q(electronic book)
001386689 020__ $$a9780262358637$$q(electronic book)
001386689 020__ $$z9780262044042$$q(hardcover)
001386689 020__ $$z0262044048$$q(hardcover)
001386689 035__ $$a(OCoLC)1187209134
001386689 035__ $$a(OCoLC-P)1187209134
001386689 040__ $$aOCoLC-P$$beng$$erda$$epn$$cOCoLC-P
001386689 050_4 $$aHC79.H53$$bG56 2020eb
001386689 08204 $$a338.8/2$$223
001386689 1001_ $$aGilbert, Richard J.,$$d1945-$$eauthor.
001386689 24510 $$aInnovation matters :$$bcompetition policy for the high-technology economy /$$cRichard J. Gilbert.
001386689 264_1 $$aCambridge, Massachusetts :$$bThe MIT Press,$$c[2020]
001386689 300__ $$a1 online resource (viii, 324 pages) :$$billustrations (black and white).
001386689 336__ $$atext$$btxt$$2rdacontent
001386689 337__ $$acomputer$$bc$$2rdamedia
001386689 338__ $$aonline resource$$bcr$$2rdacarrier
001386689 520__ $$a"Antitrust enforcement has long been focused on price competition-approving or denying mergers based on whether or not it would create or reduce opportunities for consumers to be able to "shop around" for the lowest prices when it comes to internet access, cable subscriptions, airfare, and so on. It is relatively easy to evaluate price impacts-these are qualitative measures and economic theory presents many tools to be able to do so. However, the impact of antitrust policy on innovation is much less well known, and harder to study. Was Microsoft abusing a monopoly by bundling a web browser with its operating system? Would a merger of Genzyme and Novazyme, the only companies with active research and development programs for Pompe Disease promote or delay a cure for this fatal genetic disorder? Is Google's search engine good for consumers or not? This book collects the current state of knowledge about the relationships between market structure, firm behavior, and the production of new products and services, all to provide a clear picture of the challenges of making and enforcing antitrust policy in the digital era. Gilbert addresses the ways in which legal precedents established in the twentieth century no longer hold up in the twenty-first, complicates existing theories by Schumpeter and Arrow about competition, and attempts to make meaning out of the conflicting empirical literature surrounding mergers. Gilbert does not shy away from making recommendations. A few examples: In cases where one firm acquires a competitor, he calls for antitrust enforcement officials and courts to pay more attention to whether acquired firms are successful innovators. In some cases, an incumbent acquiring a new entrant does stymy innovation as there are then fewer firms operating in the same space, but in other cases, people launch start-ups with the hopes of getting bought out by a competitor, and so prohibiting acquisition of a competing firm could limit the number of innovative new companies that are launched. He also discusses the role of interoperability standards in promoting innovation on the one hand, through the economies of scale allowable by knowing that components developed can be used across a number of devices, but also its role in limiting innovation when dominant firms coalesce around a standard that is unreachable by competitors. Gilbert's main argument is that existing antitrust law is flexible enough to be relevant in the digital era, but courts must stop focusing almost exclusively on questions of price and consider a broader range of questions regarding competition and innovation"--$$cProvided by publisher.
001386689 588__ $$aOCLC-licensed vendor bibliographic record.
001386689 650_0 $$aHigh technology industries.
001386689 650_0 $$aCompetition.
001386689 650_0 $$aAntitrust law$$xEconomic aspects.
001386689 650_0 $$aConsolidation and merger of corporations$$xLaw and legislation$$xEconomic aspects.
001386689 653__ $$aECONOMICS/Industrial Organization
001386689 653__ $$aBUSINESS/Innovation
001386689 655_0 $$aElectronic books
001386689 852__ $$bebk
001386689 85640 $$3MIT Press$$uhttps://doi.org/10.7551/mitpress/12686.001.0001?locatt=mode:legacy$$zOnline Access through The MIT Press Direct
001386689 85642 $$3OCLC metadata license agreement$$uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
001386689 909CO $$ooai:library.usi.edu:1386689$$pGLOBAL_SET
001386689 980__ $$aBIB
001386689 980__ $$aEBOOK
001386689 982__ $$aEbook
001386689 983__ $$aOnline