Innovation-driven market structure in the ag-biotech industry

Geoffrey A. Manne March 31, 2017

Truth on the Market View Original Source

• 
  Back
  to Top

Ever since David Teece and coauthors began writing about antitrust and innovation in high-tech industries in the 1980s, we’ve understood that traditional, price-based antitrust analysis is not intrinsically well-suited for assessing merger policy in these markets.

For high-tech industries, performance, not price, is paramount — which means that innovation is key…

Read the full piece here.