As part of its Report on Antitrust and Entrepreneurship, the American Antitrust Institute today released a sixth paper and comment. In “Boundedly Rational Entrepreneurs and Antitrust,” Avishalom Tor, Notre Dame Law School, explains that “boundedly rational” entrepreneurs may engage in entrepreneurial activity where rational entrepreneurs would not. His analysis sheds new light on the dynamics of competition among entrepreneurs and on its implications for policy and antitrust law. The comment is provided by Michal Gal, University of Haifa.
The Report on Antitrust and Entrepreneurship is a part of an AAI project, made possible by a grant from the Ewing Marion Kauffman Foundation. The AAI’s focus on antitrust and entrepreneurship is motivated by the importance of entrepreneurial activity for competition and economic growth.
The Report will include seven papers that examine the important relationship between entrepreneurial activity and competition policy and enforcement that is key to an economy that revolves around job creation, investment, innovation, higher living standards, consumer benefits, and the long-term vibrancy of the economy. Authors and commenters examine a variety of issues and questions, including: factors that make up the mindset of successful entrepreneurs; the requisite competition enforcement environment that fosters and supports the entrepreneurial process; and aspects of entrepreneurial activity that challenge competition and economic growth.