Situating Dynamic Competition: An Evolution Beyond Chicago

Dynamic Competition Initiative (DCI) Working Paper 1-2024

41 Pages Posted: 6 Feb 2024

See all articles by Nicolas Petit

Nicolas Petit

European University Institute - Department of Law (LAW)

Bowman Heiden

University of California, Berkeley - Haas School of Business; Center for Intellectual Property, University of Gothenburg

Thibault Schrepel

Vrije Universiteit Amsterdam; Stanford University's Codex Center; University Paris 1 Panthéon-Sorbonne; Institut d'Etudes Politiques de Paris (Sciences Po)

Date Written: January 9, 2024

Abstract

Dynamic competition defines an improvement path for antitrust law. Interested in competitive realities more than political activities, the growing body of scholarship studying dynamic competition wants to make antitrust diagnosis and analysis more accurate without sacrificing administrability. At a high level, the dynamic competition approach appears to some as a twenty-first-century equivalent of the Chicago School of antitrust. This article shows that the analogy is only partially correct. Unlike the Chicago School of antitrust law, the dynamic competition scholarship is innovation oriented, empirical, enforcement friendly, and interdisciplinary. More generally, dynamic competition is the natural evolution for all systems of antitrust law that reassess doctrine in light of the progression of economic and technical understanding of competition.

Keywords: dynamic competition, chicago school, antitrust, competition law, innovation

JEL Classification: K21, K20, K00, L12, L10, L13, L22, L40, L41, L44, L43, L50, L51, B40, D11, D42

Suggested Citation

Petit, Nicolas and Heiden, Bowman and Schrepel, Thibault, Situating Dynamic Competition: An Evolution Beyond Chicago (January 9, 2024). Dynamic Competition Initiative (DCI) Working Paper 1-2024, Available at SSRN: https://ssrn.com/abstract=4689177 or http://dx.doi.org/10.2139/ssrn.4689177

Nicolas Petit

European University Institute - Department of Law (LAW) ( email )

Via Bolognese 156 (Villa Salviati)
50-139 Firenze
Italy

Bowman Heiden

University of California, Berkeley - Haas School of Business

Institute for Business Innovation
2220 Piedmont Avenue
Berkeley, CA 94720
United States

Center for Intellectual Property, University of Gothenburg ( email )

Vasagatan 1
Gothenburg, 40530
Sweden

HOME PAGE: http://www.cip-net.com

Thibault Schrepel (Contact Author)

Vrije Universiteit Amsterdam ( email )

De Boelelaan 1105
1081 HV Amsterdam
Netherlands

Stanford University's Codex Center ( email )

559 Nathan Abbott Way
Stanford, CA 94305-8610
United States

University Paris 1 Panthéon-Sorbonne ( email )

France

Institut d'Etudes Politiques de Paris (Sciences Po) ( email )

27 rue Saint-Guillaume
Paris Cedex 07, 75337
France

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