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Competition Policy and Innovation

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Printed in: Chapter 7.1 for Patrizio Bianchi and Sandrine Labory (eds.) ; We briefly review the rationale behind technological alliances and provide a snapshot oftheir role in global competition, especially insofar as it is based around intellectual capital.They nicely illustrate the increased importance of horizontal agreements and thusestablish the relevance of the topic. We move on to discuss the organisation of industriesin a dynamic context and draw out consequences for competition policy. We concludewith an outlook on the underlying tensions between technology alliances, competitionpolicy, and industrial policy.JEL codes: L4, L5, O31Keywords: Competition policy, innovation, alliances, industrial policy

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Peter Møllgaard, Jo Lorentzen

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