Competition Policy and Property Rights
نویسنده
چکیده
One of the most controversial questions in current competition policy is when, if ever, should competition law require a rm with market power to share its property, notably intellectual property, with its rivals? And if supply is required, on what terms? These questions are discussed with reference to recent law cases including the EC Microsoft judgment of 2007 and the US linkLine case of 2009. The analysis focuses on whether competition law and regulation are complements or substitutes, and on incentives for investment and (sequential) innovation. JEL classi cations: K21, L41, O31, O34
منابع مشابه
Intellectual Property and Competition as Complementary Policies: a Test Using an Ordered Probit Model
Utilizing economic theory, this paper tests the proposition that intellectual property rights and competition policy are complementary policies. An ordered probit model is applied to a sample of over 4,000 firms in 36 countries in order to estimate the marginal effects of the use and quality of enforcement of intellectual property rights on a measure of the degree of seriousness of competition ...
متن کاملIntellectual Property Rights and Antitrust Policy: Four Principles For A Complex World
Intellectual property law and antitrust policy interact in several important ways. Antitrust policy can shape the nature and value of intellectual property rights by placing restrictions on the acquisition of intellectual property, refusals to deal, and the terms adopted in licensing agreements. Moreover, antitrust policy affects the nature of product-market competition, which in turn affects t...
متن کاملCompetition Policy and Innovation
The question addressed by the paper is whether standard procedures and widely accepted insights of competition policy remain valid when one deals with potentially anti-competitive conduct in innovative industries. The question of appropriateness arises because competition in these industries displays features that are radically different from those encountered in traditional sectors of the econ...
متن کاملWrap-up Discussion
This leads me to comparisons between what I see happening in monetary policy with fi scal policy and competition policy, as examples of other areas of applied and policy-related developments in economics. Monetary policy is different in a number of ways. Monetary policy is quite mature in the way that people think about it and reach conclusions about it. In fact, I think it is probably the area...
متن کاملIntellectual property and price discrimination: a challenge for Australian competition law
Price discrimination usually requires a mechanism to prevent arbitrage. In respect of intellectual property, the mechanisms include bans on parallel importation in intellectual property legislation and licensing and distribution contracts that separate one group of users from another. A reasonable thesis would be to expose all market segmentation of intellectual property to the full force of co...
متن کامل