Discussion of The dynamic effects of antitrust policy on growth and welfare
成果类型：
Editorial Material
署名作者：
Philippon, Thomas
署名单位：
New York University
刊物名称：
JOURNAL OF MONETARY ECONOMICS
ISSN/ISSBN：
0304-3932
DOI：
10.1016/j.jmoneco.2021.04.004
发表日期：
2021
页码：
60-61
关键词：
摘要：
Cavenaile et al. (2021) study the long-run implications of anti-trust policy for innovation, output and welfare using a general equilibrium model. Their approach differs from the much of the existing literature that focuses on short-run, partial equilibrium effects. Their model combines three key elements: (i) endogenous growth with vertical innovations; (ii) oligopolistic competition in the product market; (iii) endogenous M&As. I will briefly discuss their paper and then compare it to Mermelstein et al. (2020) who also study optimal merger policy in a dynamic model. (C) 2021 Elsevier B.V. All rights reserved.
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