Innovation races with vertical controls.

Project: Research Project

Project Details


In the present project we consider a theoretical model of an innovation race between two firms that compete to be the first to sell an innovation to companies that sell products at retail.

Innovation is uncertain and potential innovations are unsure of the viability of the innovation they are working on. We argue that vertical constraints can improve welfare to the extent that they can provide incentives to innovate.

Layman's description

In this sense, the following objectives are proposed:

1.Understand how antitrust policies affect incentives to innovate

2.Determine the design of vertical restrictions that generates the greatest incentives for firms to innovate.

3.Determine under what circumstances and what vertical restrictions could be allowed through a “rule of reason” and not through “per-se prohibition” in situations in which firms compete in an innovation race.

4.Analyze the effect of innovation protection policies, duration and breadth of the patent in situations with vertical controls.


Innovation, Vertical Controls.
Effective start/end date5/16/221/1/25

UN Sustainable Development Goals

In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This project contributes towards the following SDG(s):

  • SDG 13 - Climate Action

Main Funding Source

  • Installed Capacity (Academic Unit)


  • Bogotá D.C.


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