In this paper we outline how a future change in consumers' willingness-to-pay can be accounted for in a consumer welfare effects analysis in antitrust. Key to our solution is the prediction of preferences of new consumers and changing preferences of existing consumers in the future. The...

Mergers in the startup world, like a Google/Youtube, Amazon/Zappos, or Facebook/Instagram, are often about sustaining the innovation so the acquired company can disrupt the legacy industry. The method of sustaining the innovation is the handoff from innovative founders who may be good at the...