Econ 483_Lecture 18_Quality ladders_Competition policy

Cases can be brought by one of the two federal

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Unformatted text preview: ion policy Lecture 18: R&D joint ventures, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Q uality ladders Competition policy R&D joint ventures Competition policy Competition policy is mainly concerned with horizontal competition. Cases can be brought by one of the two federal agencies. Lecture 18: R&D joint ventures, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Q uality ladders Competition policy R&D joint ventures Department of Justice Antitrust Division Lecture 18: R&D joint ventures, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Q uality ladders Competition policy R&D joint ventures Federal Trade Commission Lecture 18: R&D joint ventures, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Q uality ladders Competition policy R&D joint ventures Competition policy Courts enforce the antitrust policy. Sherman Act & Clayton Act prohibit: combinations in restraint of trade monopolization - Such Acts are the basis for stopping collusive licensing among …rms when it is not justi…ed by sharing IP & …rms have market power. Lecture 18: R&D joint ventures, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Q uality ladders Competition policy R&D joint ventures Competition policy Policy rules are published in: Merger Guidelines (1992) Antitrust Guidelines for Licensing IP (1995) ! These rules ensure a healthy degree of competition. Lecture 18: R&D joint ventures, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Q uality ladders Competition policy R&D joint ventures Example: bad practice Exclusive licensing: when the licensor constrains the licensee from dealing with other suppliers. Example: licensing contracts between Microsoft & computer manufacturers (’ 94) The license required royalties...
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This note was uploaded on 03/16/2014 for the course ECON 483 taught by Professor Staff during the Spring '08 term at University of Illinois, Urbana Champaign.

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