Dynamic Competition and Public Policy

During the 1990s U.S. antitrust policy began to take greater account of economic theories that emphasize the critical role of innovation and change in the competitive process. Several high-profile antitrust cases have focused on dynamic innovation issues as much as or more than static economic efficiency. But does dynamic competition furnish a new rationale for activist antitrust or a new reason for government to leave markets alone? In this volume a dozen leading scholars with extensive antitrust experience explore this question in the context of the Microsoft case merger policy and intellectual property law.