ITIF-为什么合并指导方针必须更多地支持生产力、创新和全球竞争力（英）-2023.5-19页_280kb

Summary of ITIF Report: "Why Merger Guidelines Must Do More to Support Productivity, Innovation, and Global Competitiveness"

Report Overview:
The report critiques current U.S. antitrust merger guidelines for their narrow focus on competition alone, arguing that they ignore how mergers can foster innovation, productivity, and global competitiveness. It highlights the need for guidelines that better address dynamic competition, foreign market factors, and economic benefits, particularly in an era of intense global rivalry.

Key Recommendations:

• Integrate Competitiveness Concerns: Guidelines should explicitly consider international competitiveness and foreign competition in market definition.
• Shift Focus to Productivity: Emphasize mergers' productivity and efficiency gains, balancing potential price effects with innovation benefits.
• Enhance Interagency Coordination: Develop frameworks for consensus in critical sectors like technology, involving agencies such as DoD and Commerce.
• Amend Legislation: Propose changes to laws like the National Cooperative Research Act to enable joint commercialization of U.S. innovation and technology transfers in key markets.
• Avoid Misrepresenting Dynamic Competition: Ensure guidelines align with Schumpeterian innovation theory rather than distorting it to favor deconcentration.

Conclusion:
The report urges antitrust agencies to revise guidelines to support economic growth and global competitiveness, addressing gaps in current policies and encouraging a balanced approach that incorporates dynamic competition and international realities.