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We study the 1956 consent decree against the Bell System to investigate whether patents held by a dominant firm are harmful for innovation and if so, whether compulsory licensing can provide an effective remedy. The consent decree settled an antitrust lawsuit that charged Bell with having...
Persistent link: https://www.econbiz.de/10011591035
How does antitrust enforcement against patent-based monopolies affect innovation? I address this question by empirically studying the US antitrust case against Xerox, the monopolist in the market for plain-paper copiers. In 1975, Xerox was ordered to license all its copier-technology patents in...
Persistent link: https://www.econbiz.de/10014479185
political influences that shape democratic attitudes. The results reveal that support for democracy increases with age and is … bloc and in other countries around the world. Additional findings document that demography's effect partly captures … heterogeneity in experiences with democracy, and that socioeconomic factors impact democratic attitudes. …
Persistent link: https://www.econbiz.de/10014458830
We analyze the effects of the 1984 breakup of the Bell System on the rate, diversity, and direction of US innovation. In the antitrust case leading to the breakup, AT&T, the holding company of the Bell System, was accused of using exclusionary practices against competitors. The breakup was...
Persistent link: https://www.econbiz.de/10014458851
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We analyze a large merger in the Dutch banking market during the financial crisis using disaggregated data. Based on a merger simulation model, we evaluate merger-induced changes in the interest rates for savings accounts. We find that the merging banks decreased interest rates by 3 to 5 percent...
Persistent link: https://www.econbiz.de/10012118754
Persistent link: https://www.econbiz.de/10012605820
In this paper, we study the extent to which ministers engage in regional favoritism. We are the first to provide a comprehensive analysis of a larger set of the governing elite, not just focusing on the primary leader. We hand-collect birthplaces of this governing elite globally. Combining this...
Persistent link: https://www.econbiz.de/10014441315
Persistent link: https://www.econbiz.de/10009243153
While often times the Hypothetical Monopolist Test (HMT) utilized in relevant market delineation is implemented with uniform price increases throughout all the goods in the candidate relevant market, since 1984 the versions of the U.S. Merger Guidelines have emphasized that these small but...
Persistent link: https://www.econbiz.de/10012053324