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PILLOT Julien
University of Nice Sophia-AntipolisGREDEG UMR 6227 CNRS – I2C
European School of New Institutional Economics 2008 – May, 19-23 2008
THE INNOVATION PROCESS FACING THE STRATEGIC USES OF ANTITRUST LAWS
Strategic Uses of Antitrust Laws
Table of contents
Introduction
Advancement
About the theory
Theory & method
About the method
Problems
Table of contents
Introduction : Research fields and motivations
Theory & Method• Strategic use of the European antitrust laws • Methodology
State of advancement of my project
Main problems to be overcome
Table of contents
Introduction
Advancement
About the theory
Theory & method
About the method
Problems
Strategic Uses of Antitrust Laws
INTRODUCTION
Topic: the innovation process facing the strategic uses of antitrust laws
Fields of research: Law Economics, Innovation, Competition…
Motivations:
An interdisciplinary project
A doctrine already developed in the United States… (BAUMOL W.J. & ORDOVER J. A. (1985): “Use of Antitrust to Subvert Competition”. Journal of Law & Economics n°28, pp. 247 ; MCAFEE R.P. & VAKKUR N.V. (2005): “The Strategic Abuse of Antitrust Laws”. Journal of Strategic Management Education, Vol.1, n°2, article 4 ; MCAFEE R.P., MIALON S. & MIALON H. (2008): “Private v. Public Antitrust Enforcement: A Strategic Analysis”. Journal of Public Economics, Forthcoming).
… but need to be adapted to the European Union
Strategic Uses of Antitrust Laws
Table of contents
Introduction
Advancement
About the theory
Theory & method
About the method
Problems
Theory & Methodology (1/2)Strategic Uses of Antitrust Laws
Table of contents
Introduction
Advancement
About the theory
Theory & method
About the method
Problems
A major stake: Promoting and preserving the innovation process
Competition policies: Antitrust laws & IP laws
2 Problems: : information asymmetries information asymmetries about the about the technology frontiertechnology frontier
Theory: Competitive firms can take advantage of the uncertainty of the legal framework to subvert competition
A greater legal uncertainty in the UE than in the US Prevalence of antitrust laws on IP laws Essential facilities theory applied to intangibles assets (Magill, IMS) Two potential cases of strategic uses of the EU antitrust laws : VirginMega vs. Apple (2004) ; MLP vs. NMPP (2007)
Back to the theory: What about the Economic Growth if a prevalence of antitrust laws on IP laws leads to a decrease of efficient investments?
Theory & Methodology (2/2)Strategic Uses of Antitrust Laws
Table of contents
Introduction
Advancement
About the theory
Theory & method
About the method
Problems
A methodology in four steps:
1) Making a survey of the literature
2) Using the game theory framework in order to explain the legal conflicts resolution
signalling & screening models Time as a cost
3) Carrying out an econometric study in order to set out some stylized facts (key factors, success rate, frequency…)
ICT sector-based study Underline the conditions of an efficient coordination
between horizontal and vertical authorities
4) Analyzing a French economic case of a potential strategic use of antitrust laws: MLP vs. NMPP
State of advancement of the projectStrategic Uses of Antitrust Laws
Table of contents
Introduction
Advancement
About the theory
Theory & Method
About the method
Problems
Making a survey of the literature
Using the game theory framework in order to explain the legal conflicts resolution
Carrying out an econometric study in order to set out some stylized facts (key factors, success rate, frequency…)
Analyzing a French economic case of a potential strategic use of antitrust laws: MLP vs. NMPP
Pillot J. (2008): “Théorie des facilités essentielles et utilisation stratégique du droit de la concurrence : le cas du secteur de la diffusion de la presse en France”. First draft, submitted to the AFSE.
In progress
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Main problems to be overcomeStrategic Uses of Antitrust Laws
Table of contents
Introduction
Advancement
About the theory
Theory & model
About the model
Problems
Acquiring multidisciplinary competences
Difficulties to make a sound database
Thanks
PILLOT Julien
http://hp.gredeg.cnrs.fr/pillot/
ESNIE 2008
Strategic Uses of Antitrust Laws
Table of contents
Introduction
Advancement
About the theory
Theory & Method
About the Method
Problems
