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Competition policies have long been based on a scholarly tradition
focused on static models and static analysis of industrial
organisation. However, recent developments in industrial
organisation literature have led to significant advances, moving
beyond traditional static models and a preoccupation with price
competition, to consider the organisation of industries in a
dynamic context. This is especially important in the field of
information and communication technology (ICT) network industries
where competition centres on network effects, innovation and
intellectual property rights, and where the key driver of consumer
benefit is technological progress. Consequently, when an antitrust
intervention is contemplated, a number of considerations that arise
out of the specific nature of the ICT sector have to be taken into
account to ensure improved consumer welfare. This book considers
the adequacy of existing EU competition policy in the area of the
ICT industries in the light of the findings of modern economic
theory. Particular attention is given to the implications of these
dynamic markets for the competitive assessment and treatment of the
most common competitive harms in this area, such as non-price
predatory practices, tying and bundling, co-operative standard
setting, platform joint ventures and co-operative R&D.
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