'Dynamic Competition' Does Not Excuse Monopolization

21 Pages Posted: 16 Oct 2008  

Jonathan B. Baker

American University - Washington College of Law

Date Written: 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.

Keywords: antitrust, innovation, monopolization

JEL Classification: K21, L4

Suggested Citation

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

Jonathan B. Baker (Contact Author)

American University - Washington College of Law ( email )

4300 Nebraska Avenue, NW
Washington, DC 20016
United States
202-274-4315 (Phone)

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