The question addressed by the paper is whether standard procedures and widely accepted insights of competition policy remain valid when one deals with potentially anti-competitive conduct in innovative industries. The question of appropriateness arises because competition in these industries...

The paper investigates competition in price schedules among vertically differentiated producers. First order price discrimination leading to personalized prices is the perfect equilibrium of the two-stage game where firms choose at the first stage to commit or not to a uniform price and compete...

In this paper we examine the implications of uncertainty over patent validity on patentholders' licensing strategies. Two licensing mechanisms are examined: per-unit royalty and up-front fee.We provide conditions under which uncertain patents are licensed in order to avoid patent litigation. It...

In this paper, we revisit the issue of licensing ‘weak' patents under the shadow of litigation. Departing from the seminal paper by Farrell and Shapiro [2008], we consider innovations of any size and not only ‘small' innovations, and we allow the number of licensees to be less than the...

Cet article propose une réflexion générale sur le système des brevets. Trois questions sont d'abord examinées : 1. Le brevet favorise-t-il l'innovation ? 2. La propriété intellectuelle est-elle comparable aux autres formes de propriété ? 3. La protection par le brevet est-elle...

The paper investigates the choice of a licensing mechanism by the holder of a patent whose validity may be challenged. Focusing fi…rst on weak patents, i.e. patents that have a high probability of being invalidated by a court if challenged, we show that the patent holder fi…nds it optimal to...

Book's Review:Louis Kaplow, Competition Policy and Price Fixing, Princeton University Press, Princeton and Oxford, 2013