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
19 - Competition Policy, Intellectual Property and Network Industries: Post-1995 Enforcement Experience in the US and EU
from Part III - Deepening the Dialogue: Comparative and Jurisdictional Analyses
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
The modern economy is built on interconnection. This manifests itself, in part, through network effects as traditionally conceived, whereby the value of a product increases with the number of users. These network effects can be thought of as demand-side externalities or demand-side economies of scale. But thinking of them in this way reminds us that similar – and equally interesting – effects can be seen on the supply side, in the vast number of complementary inputs that go into producing many products and services in today’s economy. And the two phenomena interact, because markets with powerful demand-side economies of scale tend to create ecosystems in which industry participants – including the producers of those complementary inputs – very much want to participate.
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- Publisher: Cambridge University PressPrint publication year: 2021