EconStor >
Philipps-Universität Marburg >
Faculty of Business Administration and Economics, Philipps-Universität Marburg >
Marburg Papers on Economics • Marburger Volkswirtschaftliche Beiträge, Universität Marburg >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/29884
  
Title:EU competition policy, vertical restraints, and innovation: an analysis from an evolutionary perspective PDF Logo
Authors:Kerber, Wolfgang
Vezzoso, Simonetta
Issue Date:2004
Series/Report no.:Marburger volkswirtschaftliche Beiträge 2004,14
Abstract:The EU competition policy in regard to vertical restraints is mainly based upon neoclassical efficiency-oriented reasonings, leading to a neglect of the innovation dimension. This paper analyses to what extent evolutionary theories of competition and innovation economics can be used to derive additional, new criteria for the assessment of vertical restraints. It is shown that Neo- Schumpeterian and Hayekian approaches to competition and innovation economics as well as knowledge-based theories of the firm are capable to provide a basis for a different framework for analysing the impact of vertical agreements. Specific evolutionary arguments, such as subjective and local knowledge, the heterogeneity of knowledge bases of firms, communication and learning problems, and the complementarity of knowledge (systemic innovations) can be used for deriving additional, new assessment criteria for vertical restraints. The analysis is made against the background of the most recent reforms of EU competition rules in regard to vertical restraints. It also shows how evolutionary approaches to competition and innovation might be used for competition policy.
Subjects:European competition policy
vertical restraints
evolutionary economics
innovation economics
JEL:K21
L42
B52
Document Type:Working Paper
Appears in Collections:Marburg Papers on Economics • Marburger Volkswirtschaftliche Beiträge, Universität Marburg

Files in This Item:
File Description SizeFormat
506411818.PDF83.05 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/29884

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.