New business models and competition enforcement: must we ride the tide of change?

Bruno Lasserre, March 20, 2016 New business models seem all-pervasive today, with the result that older forms of trade feel under constant threat. There is undoubtedly a surge in more intangible forms of innovation that rely on new ways of selling existing goods or services. Recent examples of exponential growth in revenues and market capitalization […]

NOV-09(2)

In this issue: Antitrust & Innovation David Evans, Nov 25, 2009 The Middle Way on Applying Antitrust to Information Technology Antitrust analysis ought to account for special features of IT – just like it ought to account for special features of any industry under consideration. But there’s no particular reason to focus additional antitrust resources on […]

Solving the Wrong Problem The Preliminary Report on the EC Pharmaceutical Sector Inquiry: What Have We Really Learned?

This article is part of a Chronicle. See more from this Chronicle Kent Bernard, Feb 23, 2009 You could posit several fairly obvious reasons for the perceived lack of new innovative drugs in the European Union: Low reimbursement levels for innovative medicines and insistent tolerance for diversion/parallel would certainly be on the list. And reference […]

Jul-08(1)

In this issue: Antitrust Policy and Real Estate Markets Richard Epstein, Jul 10, 2008 Multiple Listing Arrangements in Residential Real Estate Transactions: An Antitrust Analysis Let me start this short paper on the antitrust law governing multiple listings in the real estate brokerage industry with a conventional account. Thereafter I shall try to explain why […]

” Dynamic Competition” Does Not Excuse Monopolization

Jonathan Baker, Nov 01, 2008 In the 2004 Trinko decision, Justice Antonin Scalia, writing for the Supreme Court, depicted “monopoly power, and the concomitant charging of monopoly prices” as “an important element of the free-market system.” Scalia argued that “the opportunity to charge monopoly prices—at least for a short period . . . induces risk […]

Economic Considerations Raised by the Federal Trade Commission’s Investigation of Google’s Search Practices

Robert Levinson, Michael Salinger, Jan 30, 2015 In January 2013, the Federal Trade Commission closed its nineteen-month antitrust investigation into Google’s search practices. The primary issue in that investigation was Google’s use of Universal Search results. The argument that Google’s display of Universals violated the antitrust laws appeared to rest on a theory of vertical […]

Appropriating the Returns from Industrial Research and Development (1950)(reprint)

Dec 20, 2013 To have the incentive to undertake research and development, a firm must be able to appropriate returns sufficient to make the investment worthwhile. The benefits consumers derive from an innovation, however, are increased if competitors can imitate and improve on the innovation to ensure its availability on favorable terms. Patent law seeks […]

An Introduction to Appropriating the Returns from Industrial Research and Development

David Evans, Dec 20, 2013 There are several areas of economics where we know much more today than we did 50 years ago as a result of the accumulation of empirical research. More needs to be done, and much remains debated, but economists have made real progress in behavioral economics, labor economics, and financial economics. […]

How Chinese Antitrust Law Has Affected the Business Operations in China: Perspective of Life Science Industry

Jan 07, 2014 CPI Asia Column edited by Vanessa Yanhua Zhang (Global Economics Group) presents: How Chinese Antitrust Law Has Affected the Business Operations in China: Perspective of Life Science Industry – Jet Deng and Ken Dai (Partners, Beijing Dacheng Law Offices, LLP)* Click here for a pdf version of this article. Introduction by editor […]

The Next Big Thing

Allen Grunes, Dec 12, 2012 Pop quiz: What do antitrust cases involving the leading PC operating system, a national association’s rules about real estate listings, and a joint venture between a cable company and a movie studio have in common? Hint: Not the statute involved. One was Sherman, one was Sherman and one was Clayton. […]