Posted by Social Science Research Network Killer Acquisitions By Colleen Cunningham, Florian Ederer & Song Ma Firms have incentives to acquire innovative targets to discontinue the development of the targets’ innovation projects and preempt future competition. We call such acquisitions “killer acquisitions.” We develop a parsimonious model in which killer acquisitions arise from an incumbent’s desire to prevent […]
Posted by Social Science Research Network Vertical Mergers and Entrepreneurial Exit By D. Daniel Sokol The idea that tech companies should be permitted to acquire nascent start-ups is under attack from antitrust populists. Yet, this debate on vertical mergers has overlooked important empirical contributions regarding innovation related mergers in the strategic management literature. This Essay explores […]
June 2018 CPI Europe Column edited by Anna Tzanaki (Competition Policy International) & Juan Delgado (Global Economics Group) presents: Market definition in a rapidly changing (digital) world: the case of ride-sharing By Kyriakos Fountoukakos, André Pretorius and Lisa Geary (Herbert Smith Freehills)1 Click here for a PDF version of the article Introduction The taxi and private hire vehicle […]
Posted by Social Science Research Network By Larry Downes How More Regulation for U.S. Tech Could Backfire If 2017 was the year that tech became a lightning rod for dissatisfaction over everything from the last US presidential election to the possibility of a smartphone-driven dystopia, 2018 already looks to be that much worse. Innovation and its discontents are […]
By Fernando Estrada (Universidad Externado de Colombia) & Natalia Diaz There is now considerable evidence on the value of using external resources to promote the development of innovative technologies. Furthermore, the ability to experience innovations in business by external links that may help to avoid risk, improve the quality of natural products, which means qualifying business […]
By Shervin Pishevar Given the recent focus on self-driving cars, it is only a matter of time before the industry begins to consider setting technical interoperability standards for such cars. The automated vehicle industry will need a mechanism to allow these cars to drive side-by-side with both autonomous and human-operated cars, communicate with each other, […]
Posted by Social Science Research Network Collusion with Public and Private Ownership and Innovation By Arnoud W. A. Boot & Vladimir N. Vladimirov (University of Amsterdam) Abstract: We argue that public ownership gives firms the option to collude and engage in rent seeking on existing technologies. This option can enhance firm value. However, it […]
Posted by Social Science Research Network Antitrust and the Design of Production By Herbert J. Hovenkamp (University of Pennsylvania) Abstract: Both economics and antitrust policy have traditionally distinguished “production” from “distribution.” The former is concerned with how products are designed and built, the latter with how they are placed into the hands of […]
Posted by Social Science Research Network Patent Pool Outsiders By Michael Mattioli (Indiana University) Abstract: Individuals who decline to join cooperative groups—outsiders—raise concerns in many areas of law and policy. From trade policy to climate agreements to class action procedures, the fundamental concern is the same: a single member of the group who […]
Posted by Social Science Research Network Reasonable Patent Exhaustion By Herbert J. Hovenkamp (University of Pennsylvania) Abstract: A lengthy tug of war between the Supreme Court and the Federal Circuit Court of Appeals may have ended when the Supreme Court held that the sale of a patented article exhausts the patentee seller’s rights […]