Merger Policy and Innovation: Must Enforcement Change to Account for Technological Change?

Michael Katz () and Howard A. Shelanski

No 10710, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Merger policy is the most active area of U.S. antitrust policy. It is now widely believed that merger policy must move beyond its traditional focus on static efficiency to account for innovation and address dynamic efficiency. Innovation can fundamentally affect merger analysis in two ways. First, innovation can dramatically affect the relationship between the pre-merger marketplace and what is likely to happen if a proposed merger is consummated. Thus, innovation can fundamentally influence the appropriate analysis for addressing traditional, static efficiency concerns. Second, innovation can itself be an important dimension of market performance that is potentially affected by a merger. We explore how merger policy is meeting the challenges posed by innovation.

JEL-codes: L4 (search for similar items in EconPapers)
Date: 2004-08
New Economics Papers: this item is included in nep-reg
Note: IO PR
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Published as Merger Policy and Innovation: Must Enforcement Change to Account for Technological Change? , Michael L. Katz, Howard A. Shelanski. in Innovation Policy and the Economy, Volume 5 , Jaffe, Lerner, and Stern. 2005

Downloads: (external link)
http://www.nber.org/papers/w10710.pdf (application/pdf)

Related works:
Chapter: Merger Policy and Innovation: Must Enforcement Change to Account for Technological Change? (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:10710

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w10710

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().