October 2018 Recommendations Following the FTC’s October 2018 Hearings on IP and Innovation By Koren W. Wong-Ervin & Dr. Georgios Effraimidis1 Click here for a PDF version of the article On October 23-24, 2018, the U.S. Federal Trade Commission (FTC) held hearings on intellectual property (IP) and innovation as part of its broader ongoing hearings […]
In remarks delivered at the University of Haifa in Israel on Wednesday, October 17, the US Department of Justice’s Assistant Attorney General Makan Delrahim spoke about antitrust and innovation in today’s digital economy. Delrahim compared innovation and enforcement of the digital market between the US and Israel while also mentioning that he plans to focus […]
Post by The Hill Antitrust laws must promote the true driver of growth: innovation By David J. Teece The goal underpinning US antitrust law is to promote competition that leads to lower prices and enhanced consumer welfare. For years, antitrust agencies have approached this goal by focusing on short-term, static competition, which emphasizes achieving low […]
Posted by Social Science Research Network Proportional Restraints in Horizontal Patent Settlements By Erik Hovenkamp & Jorge Lemus When rivals settle a patent dispute, they prefer to preserve monopoly profits, even if the patent is very likely invalid or noninfringed. Antitrust has come to embrace a policy that requires horizontal settlements to restrain competition by no […]
Posted by Social Science Research Network Innovation by Dominant Firms in the Market: Damned If You Don’t… But Damned If You Do? By Francisco Marcos (IE Law School) Innovation is key for dynamic efficiency and one of the best recipes to increase long-term businesses’ profits and, at the same time, enhance consumer welfare. Modern high-technology […]
Posted by Social Science Research Network Innovation by Dominant Firms in the Market: Damned If You Don’t… But Damned If You Do? By Francisco Marcos Innovation is key for dynamic efficiency and one of the best recipes to increase long-term businesses’ profits and, at the same time, enhance consumer welfare. Modern high-technology markets offer a perfect […]
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 […]