EU Competition Law and US Antitrust Law
- New Horizons in Competition Law and Economics series
Chapter 5: The framework for innovation analysis
5. The framework for innovation analysis This chapter aims to provide a deeper understanding of the analysis of competition in innovation. Key questions relate to the framework for the analysis that was developed after the introduction of the innovation market concept and the relationship with other kinds of market definitions and analysis doctrines. The assessment of innovation competition in the defined markets, the role of efficiencies in the appraisal of a transaction and possible remedies to alleviate anti-competitive effects will be handled in the next chapter. In this chapter it will be shown that the analysis of competition in the innovation process may be conducted for the purpose of detecting a variety of competitive effects. Although competition is a broad notion that affects various parameters such as the pace of innovation, variety, quality and price of products, it is for the antitrust authorities to establish the effects of a particular market practice. To identify the innovating firms and products under development, and to assess the terms of innovation in the area, may be the key to drawing any prospective conclusions – whether the primary effect relates to product innovation, variety or price. Second, it will be shown that innovation analysis is applied at different market levels. When analysing actual and potential competition in existing markets, it is generally acknowledged that innovation may be an important dimension. Innovation aspects may be integrated when analysing the competitive conditions prevalent in the product market. But the R&D dimension of the market may also...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.