Dealing with dynamism is one of the biggest challenges in public policies toward businesses. One reason is the state of mainstream economics: our theories, models and empirics have yet to supply generalised predictions about innovation, new firm creation, and entrepreneurship.
This is particularly evident in competition policy and economic regulation, where current theories and tools lead policy actors to reach findings that are inconsistent with industries’ reality.
However, other essential fields of government intervention, such as energy policy, healthcare, intellectual property, or monetary policy, face a similar predicament. As across the world, new laws and institutions are emerging to govern the digital economy, where a constructive re-examination of our economic frameworks seems legitimate.
With a focus on industry structure and organisation, one promising starting point for this enterprise is investigating the rich literature on dynamic competition. To date, however, works on dynamic competition have had limited impact on public policy, kneecapped by their high level of theoretical abstraction. Moreover, theories of dynamic competition are highly context-dependent, yielding different predictions and policy implications depending on the environment in which they are deployed (e.g. digital ecosystems). Thus, theories of dynamic competition have yet to evolve into a more applied and contextualised version.
The conference will look into new theoretical models, new combinations and applications of existing models, new frameworks for integrating innovation and dynamic competition in public policy (e.g., antitrust policy, market power regulation, and innovation and industrial policy) and new computational capabilities to better understand dynamic competition and design appropriate policies. Case studies will also be discussed.
Learn more here.