F.M. Scherer on Innovation and Antitrust

Professor Scherer of Harvard University and Haverford College has released a working paper entitled "Technological Innovation and Monopolization", available at the AAI Website.   I was fortunate enough to see a presentation of this interesting paper at a conference in Milan about a year ago.   Professor Scherer concludes that while courts in general are able to deal with he monopolization-innovation trade-off, the legal process is often too slow to keep up with market and technological changes.