Considering the direction of innovation in EU merger control
This paper considers the role that innovation plays in EU merger control analysis, and seeks to integrate perspectives highlighted by the philosophical literature on the so-called ‘direction of innovation’ in order to critically assess the impact of market concentration on the diversity of innovatio...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2024-12-01
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| Series: | Journal of Responsible Innovation |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23299460.2024.2425120 |
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| _version_ | 1841556089134383104 |
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| author | Juliane Mendelsohn Lukas Breide |
| author_facet | Juliane Mendelsohn Lukas Breide |
| author_sort | Juliane Mendelsohn |
| collection | DOAJ |
| description | This paper considers the role that innovation plays in EU merger control analysis, and seeks to integrate perspectives highlighted by the philosophical literature on the so-called ‘direction of innovation’ in order to critically assess the impact of market concentration on the diversity of innovation and its ability to address larger normative questions and challenges, such as the transition to more sustainable economies. While normative goals other than competition are not an inherent part of merger control, this paper argues that in concentrated markets, ignoring such questions can play into the hands of the powerful merging entities, allowing them to further determine the direction of innovation to best serve their interests and business models rather than public interests. This is illustrated by critically discussing the merger between Bayer and Monsanto as an example. |
| format | Article |
| id | doaj-art-58a032b6e5b84026a922aabb83d657ed |
| institution | Kabale University |
| issn | 2329-9460 2329-9037 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Journal of Responsible Innovation |
| spelling | doaj-art-58a032b6e5b84026a922aabb83d657ed2025-01-07T13:48:20ZengTaylor & Francis GroupJournal of Responsible Innovation2329-94602329-90372024-12-0111110.1080/23299460.2024.2425120Considering the direction of innovation in EU merger controlJuliane Mendelsohn0Lukas Breide1Department of Law and Economics of Digitization, TU Ilmenau, Ilmenau, GermanyDepartment of Law and Economics of Digitization, TU Ilmenau, Ilmenau, GermanyThis paper considers the role that innovation plays in EU merger control analysis, and seeks to integrate perspectives highlighted by the philosophical literature on the so-called ‘direction of innovation’ in order to critically assess the impact of market concentration on the diversity of innovation and its ability to address larger normative questions and challenges, such as the transition to more sustainable economies. While normative goals other than competition are not an inherent part of merger control, this paper argues that in concentrated markets, ignoring such questions can play into the hands of the powerful merging entities, allowing them to further determine the direction of innovation to best serve their interests and business models rather than public interests. This is illustrated by critically discussing the merger between Bayer and Monsanto as an example.https://www.tandfonline.com/doi/10.1080/23299460.2024.2425120Innovationmerger controlconcentrationcompetition lawcompetition policydirectionality |
| spellingShingle | Juliane Mendelsohn Lukas Breide Considering the direction of innovation in EU merger control Journal of Responsible Innovation Innovation merger control concentration competition law competition policy directionality |
| title | Considering the direction of innovation in EU merger control |
| title_full | Considering the direction of innovation in EU merger control |
| title_fullStr | Considering the direction of innovation in EU merger control |
| title_full_unstemmed | Considering the direction of innovation in EU merger control |
| title_short | Considering the direction of innovation in EU merger control |
| title_sort | considering the direction of innovation in eu merger control |
| topic | Innovation merger control concentration competition law competition policy directionality |
| url | https://www.tandfonline.com/doi/10.1080/23299460.2024.2425120 |
| work_keys_str_mv | AT julianemendelsohn consideringthedirectionofinnovationineumergercontrol AT lukasbreide consideringthedirectionofinnovationineumergercontrol |