A conceptual framework to identify dynamic efficiency

Kathuria, Vikas (2015) A conceptual framework to identify dynamic efficiency. European Competition Journal, 11 (2-3). pp. 319-339. ISSN 17441056

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Even though dynamic efficiency has a great potential to bring social welfare, it was not until recently that dynamic efficiency started impressing competition authorities in deciding the net effect of mergers, agreements and abuse of dominance practices on competition. The problem, however, is that there is a general confusion regarding the difference between static and dynamic efficiency. Also, there is no unanimously accepted holistic definition of dynamic efficiency. For the correct application of competition law it is, therefore, essential that competition law practitioners, both lawyers and economists, are able to correctly identify dynamic efficiency. This paper, after analysing several definitions of dynamic efficiency, categorizes the definitions into four approaches and develops a conceptual framework. After ascertaining the limitations of each approach, a holistic definition is suggested.

Item Type: Article
Keywords: Dynamic efficiency | Efficiency | Innovation | Productive efficiency | Static efficiency
Subjects: Social Sciences and humanities > Business, Management and Accounting > Organizational Behaviour
Social Sciences and humanities > Decision Sciences > Management Science and Operations Research
JGU School/Centre: Jindal Global Law School
Depositing User: Mr Sombir Dahiya
Date Deposited: 20 Jan 2022 04:27
Last Modified: 20 Jan 2022 04:27
Official URL: https://doi.org/10.1080/17441056.2015.1060006
URI: https://pure.jgu.edu.in/id/eprint/752


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