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12.9.2004
European Competition Policy
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The Centre for the New Europe just released .From Antitrust to Disaster: An Overview of European Competition Policy. Authors include Tim Evans, President of CNE, and Alberto Mingardi of the Istituto Bruno Leoni. PFF is involved with both CNE and IBL in planning Digital Europe, our European foray on interoperability and open standards, scheduled for February.
One solid point (among many in the paper):
[A] fundamental problem with mainstream economics is that it is worthless to try analyzing markets in terms of a static equilibrium in which the competitive process has already done its work. . . . [Other] models are more realistic, so far as they get away from the unlikely assumptions of perfect competition. But they fail because they are still concerned with the analysis of equilibrium states rather than the process by which they emerge. For more thoughts on the interplay between competition policy and IP, see here, here, here, and here.
Ruminating on competition policy may be about as much fun as chewing on dry bread, but it is exceedingly important to the shape of the digital future. And, in my not-very-humble opinion, the mainstream has got it dead wrong.
posted by James DeLong : 12/9/2004 09:02:41 AM
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