Transaction Costs, Externalities and Innovation

Transaction Costs, Externalities and Innovation

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 […]

Is Standardization for Autonomous Cars Around the Corner?: Antitrust and IP Considerations

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, […]

Collusion with Public and Private Ownership and Innovation

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 […]

Antitrust and the Design of Production

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 […]

Patent Pool Outsiders

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 […]

Reasonable Patent Exhaustion

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 […]

Assessing Innovation Effects in US Merger Policy: Theory, Practice, Recent Discussions, and Perspectives

Posted by Social Science Research Network Assessing Innovation Effects in US Merger Policy: Theory, Practice, Recent Discussions, and Perspectives By Wolfgang Kerber & Benjamin René Kern (Philipps University Marburg) Abstract:     Despite a broad consensus about the importance of also considering innovation effects of mergers (in addition to the usual price effects), it is still […]

Digitalization Revolutionizes The Economy – And The Work Of Competition Authorities

Digitalization Revolutionizes The Economy – And The Work Of Competition Authorities

By Andreas Mundt – Digitalization is revolutionizing all sectors of the economy. This is a challenging development not only for the business community but also for competition authorities. Digitalization and the competitive assessment of the global Internet giants are currently one of the most important issues for competition authorities around the world. There are many new […]

The Emerging High-Court Jurisprudence On The Antitrust Analysis Of Multisided Platforms

The Emerging High-Court Jurisprudence On The Antitrust Analysis Of Multisided Platforms

By David S. Evans – Between September 2014 and September 2016 high courts in multiple jurisdictions released five decisions that address applying competition law to matchmakers that operate virtual or physical platforms for connecting multiple groups of customers. The decisions rely, directly or indirectly, on the economic literature on multisided platforms that commenced around 2000. The […]

Coordinating Policies To Realize Benefits From The Digital Economy: The Case Of Mexico

Coordinating Policies To Realize Benefits From The Digital Economy: The Case Of Mexico

By Martin E. Cave & Ernesto Flores-Roux – The degree to which digitization has penetrated most sectors of the economy makes it extremely difficult to quantify its reach. Can we clearly separate brick and mortar business and digital activity? Can we isolate digital advances in typical technological industries from those that apply in less affected industries? […]

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