 What's the aim for copetition policy: optimizing market structure or encouraging innovative behaviorsMichel Quéré and
Jean-Luc Gaffard
Post-Print from HAL Abstract: Innovation is usually thought of as a change in the fundamentals of an economy, which can require adjustments by policy-makers. The latter are usually thought as in regard to a dominant vision, which is to restore an optimal market structure, and leads to a competition policy mainly aimed at controlling for antitrust practices and limiting market power. In this paper, we favor another vision of innovation, as a discovery process that cannot allow ex ante a definition of best practices. Dealing with information issues in two different and alternative perspectives, we argue that antitrust authorities confront a market imperfection– market failure dilemma (MI–MF dilemma) which leads them to favor the existence of appreciative and discretionary policy rather than encouraging the existence of any market structure thought of as optimal as regards the current state of information. We conclude with policy implications, contrasting the EU with the US. Date: 2007 Published in Franco Malerba; Uwe Cantner. Innovation, industrial dynamics, and structural transformation : Schumpeterian legacies, Springer, pp.393 - 406, 2007, 9783540494645 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03397591 Access Statistics for this paper More papers in Post-Print from HAL |
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