A Conversation with David Teece: Dynamic Competition and the Future of Antitrust

Traditional views of competition focus on price, output, and market share. But in fast-changing industries driven by technological advances, that lens often misses the mark. Dynamic competition—competition as a process of innovation—offers a more accurate framework for understanding how firms create value by developing new products and ideas rather than just cutting costs.

Although economists have developed the concept for decades, it has only recently gained traction in antitrust enforcement and policy. As technology reshapes markets and innovation becomes central to productivity and growth, dynamic competition is moving from theory to practice. Are we at an inflection point for dynamic competition’s role in antitrust?

Please join ITIF’s Schumpeter Project on Competition Policy for a virtual fireside chat with Professor David Teece, who will explore how dynamic competition redefines the economic foundations of antitrust and what it means for enforcement to better account for innovation, entrepreneurship, and dynamic capabilities in today’s most consequential cases.

Questions for the speakers? Ask on Slido.