Innovation, Competition and Antitrust: An Examination of the Intel Case
8 Pages Posted: 6 Jun 2011
Date Written: June 2011
Microprocessor‐maker Intel has been subjected to the highest fine in the history of EU competition policy. Intel operates in a market with one other main supplier, a fact that seemed to provide grounds to those accusing it of abusing a dominant position. The authors argue that, in spite of the limited number of players, the microprocessor market showed the distinctive marks of dynamic competition: ever‐lower prices and ever‐growing innovation. Political considerations more than sound economic reasoning seem to be behind the EU antitrust decision.
Keywords: Competition, Intel, competition policy, high‐tech industries, antitrust, European Commission
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