Innovation

In an ordinary market, goods and services are content to circulate through the interplay of supply and demand. Innovation appears when the supplier chooses to seduce the applicant no longer by offering a lower price, but by putting on the market a different product that is more suited to a need, or even by creating a need, in short, by innovating. Even more innovation occurs through the scientific spirit, which would be "natural", in that it corresponds to the desire to understand the world, a research process which results in discovery, which generates the establishment of a technical object.

But this distinction is undoubtedly over. In fact, with some exceptions, inventions also require colossal financial investments, for example in the pharmaceutical field. If we want there to be innovation, that is to say progress, for example in medicine, operators must be encouraged to invest in R&D, because the taste for knowledge of the 18th century is no longer enough. Incentive regulation to obtain innovation will operate mainly through patent Law, that is to say the attribution of an exclusive right, which contradicts the original pattern of competition. The profitability of the patent encourages companies to risk such research investments. The relationships between competition and intellectual property remain difficult and reflect those existing between competition and regulation.