Large Frim Dominance, Innovative Firms, and Antitrust Policy

Grant Year: 2023

James Bessen and Michael Meurer will examine whether the dominance of large firms in certain industries limits innovation in ways that slow productivity growth and economic output. They will analyze whether larger firms invest disproportionately more in technology than smaller firms, whether those investments enable productivity gains, and how changes in the investment patterns of large firms over time affect opportunities for small but innovative firms to grow. The project’s findings will appear in a series of papers.