Book contents
- Frontmatter
- Contents
- Tables
- Figures
- Boxes
- Contributors
- Preface
- Editorial Note
- 1 Introduction: Towards a Fresh Contribution to a Critical Policy Dialogue
- Part I Setting the Scene: Evolution of Key Principles and International Dialogue
- Part II Sharpening the Focus: Sectoral Perspectives
- Part III Deepening the Dialogue: Comparative and Jurisdictional Analyses
- Part IV Drawing the Lessons: Towards International Policy Coherence
- Index
14 - Competition Policy in Copyright Law
from Part II - Sharpening the Focus: Sectoral Perspectives
Published online by Cambridge University Press: 04 June 2021
- Frontmatter
- Contents
- Tables
- Figures
- Boxes
- Contributors
- Preface
- Editorial Note
- 1 Introduction: Towards a Fresh Contribution to a Critical Policy Dialogue
- Part I Setting the Scene: Evolution of Key Principles and International Dialogue
- Part II Sharpening the Focus: Sectoral Perspectives
- Part III Deepening the Dialogue: Comparative and Jurisdictional Analyses
- Part IV Drawing the Lessons: Towards International Policy Coherence
- Index
Summary
While acknowledging the tension that exists between the goals of competition law and copyright law (and other forms of intellectual property), the modern view regards these two areas of law as sharing the same long-term goals of promoting innovation to enhance consumer welfare.1 We tolerate some static inefficiency that may result from granting exclusive rights in order to promote dynamic efficiency and long-term growth. As Frank Easterbrook – echoing Schumpeter2 – put it, ‘an antitrust policy that reduced prices by five percent today at the expense of reducing by one percent the annual rate at which innovation lowers the cost of production would be a calamity. In the long run a continuous rate of change, compounded, swamps static losses’.3
- Type
- Chapter
- Information
- Publisher: Cambridge University PressPrint publication year: 2021