Abstract

http://ssrn.com/abstract=1285223
 
 

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'Dynamic Competition' Does Not Excuse Monopolization


Jonathan B. Baker


American University - Washington College of Law

October 15, 2008


Abstract:     
This comment on a forthcoming article by Keith Hylton and David Evans explains why considerations of "dynamic competition" do not argue against antitrust enforcement. While the prospect of achieving monopoly may foster innovation, that observation misleads as to appropriate antitrust policy unless qualified by the observation that the push of competition generally spurs innovation more than the pull of monopoly. Moreover, the longstanding doctrinal rule that mere monopoly pricing is not illegal should not be read as demonstrating that antitrust law values monopolies for their role in promoting innovation.

Number of Pages in PDF File: 21

Keywords: antitrust, innovation, monopolization

JEL Classification: K21, L4

working papers series





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Date posted: October 16, 2008  

Suggested Citation

Baker, Jonathan B., 'Dynamic Competition' Does Not Excuse Monopolization (October 15, 2008). Available at SSRN: http://ssrn.com/abstract=1285223 or http://dx.doi.org/10.2139/ssrn.1285223

Contact Information

Jonathan B. Baker (Contact Author)
American University - Washington College of Law ( email )
4801 Massachusetts Avenue N.W.
Washington, DC 20016
United States
202-274-4315 (Phone)
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