Antitrust, innovation, and competitiveness

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Oxford University Press, 1992 - Business & Economics - 244 pages
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Americans are confronted with a paradox: the United States has become increasingly long on competition and short on competitiveness. The growing debate on the competitiveness of the United States has been spurred by a less than salutary economic growth. Even with recent profound changes in United States antitrust laws, such as progress towards taking into account global competition, little scholarship has been compiled on the connection of antitrust laws to trade or technology policy. Antitrust, Innovation, and Competitiveness explores how the U.S. antitrust laws, especially the Sherman Antitrust Act, have affected the ways in which U.S. corporations can compete in world markets. The editors begin with the consideration that current antitrust laws unwisely restrain innovation and competitiveness by inhibiting desirable pro-competitive communication, cooperation, and alliances among firms. This results in an impediment to the performance of U.S. firms competing in industries experiencing rapid technological change. Not all of the contributors agreed with the editors about the degree to which the antitrust laws do indeed inhibit innovation or U.S. industrial performance. Thus, the book represents a variety of views on a topic of increasing importance. Contributors include Professors Phillip Areeda, William J. Baumol, Ann I. Jones, Robert P. Merges, Richard R. Nelson, Janusz A. Ordover, Thomas M. Jorde, Richard Schmalensee, Lawrence A. Sullivan, David J. Teece, Oliver E. Williamson, and Judge Frank H. Easterbrook.

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About the author (1992)

David J. Teece is Professor of Business Administration and Director of the Institute of Management, Innovation, and Organization at the University of California at Berkeley. Previous positions have included Director, Center for Research in Management (CRM), University of California at Berkeley, and
Visiting Fellow at St Catherine's College, Oxford. In 1998 he presented the Clarendon Lectures in Management Studies at Oxford and in 1999 was awarded the Andersen Consulting Award.