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Static and Dynamic Competition

March 11, 2021

David Teece discusses his draft article “Big Tech, Big Data, and Competition Policy: Favoring Dynamic Over Static Competition,” which he coauthored with Nicolas Petit. Dr. Teece observes that conventional competition policy has focused on static competition, but argues that dynamic competition produces larger long-terms gains. He suggests that policy should focus on long-term consumer welfare and the encouragement of dynamic capabilities.

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David J. Teece

Executive Chairman

San Francisco Bay Area