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- W27882253 abstract "The antitrust enforcement agencies claim that they protect competition in markets in which innovation is itself the product. Congress seems to support the agencies' attempts to regulate competition in these innovation When, in 1984, Congress enacted the National Cooperative Research Act, it told the agencies and courts to protect competition in properly defined, relevant research, development ... markets. Yet, as this article shows, the agencies have actually protected competition, not in innovation markets, but rather in future goods In other words, the agencies have identified markets in which the relevant firms probably will compete in the future. In the appropriate cases, the agencies have acted to protect competition in these future The agencies have, for example, required merging firms to license technology. The agencies hope that competitors will use this technology to stop the merging firm from monopolizing the future market. The antitrust enforcement agencies explain how they define an innovation market most importantly in their 1995 Intellectual Property Licensing Guidelines, and in a law review article written by two then-high ranking DOJ officials. This article analyzes the agencies' innovation market methodology. The article shows that this methodology allows the agencies to find, not innovation markets, but rather future goods" @default.
- W27882253 created "2016-06-24" @default.
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- W27882253 date "1998-01-01" @default.
- W27882253 modified "2023-09-25" @default.
- W27882253 title "Did Congress Actually Create Innovation Markets" @default.
- W27882253 doi "https://doi.org/10.15779/z38bd53" @default.
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