Why There Is a Disconnect Between the Economics of Innovation and U.S. Antitrust Policy, With David Teece
Innovation Files: Where Tech Meets Public Policy
The Implications for Anti Trusts
Businesses don't get anywhere near the benefits, all the benefits of that a and that is big implications for public policy. An anti trust policy that favors dynamic competition as opposed to static seems like the right kind of competition we should have. And yet, anti trust regulators generally don't see it that way. Is it partly because they don't you can't model it? As you said, in new classical economics, you don't really model that kind of disruption. You can't guarantee it's going to happen. That's part of the answer. I think. Anotherpart of the answer that i've focused on recently is there, most of the field of industrial organization is stuck in a
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