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We study how competition impacts innovation (and welfare) when firms compete both in the product market and in … innovation development. This relationship is complex and may lead to scenarios in which a lessening of competition increases R … provide conditions for when competition increases or decreases industry innovation and welfare. These conditions are based on …
Persistent link: https://www.econbiz.de/10012929200
This paper gives a fresh account of competition in the digital economy. Economic analysis in the field of industrial … irrelevant. We posit the need to look at competition anew. Static models of monopoly firms and markets in equilibrium are often … growth and diversification of many digital firms lead to a situation of broad-spectrum competition that cuts across markets …
Persistent link: https://www.econbiz.de/10013238612
hopping, and patent thickets. By increasing generic competition, this legislation would make patients' lives better without …
Persistent link: https://www.econbiz.de/10012864156
has said that patent litigation is categorically different, since it offers the chance to increase competition by freeing … that patent challenges lead to increased competition. It identifies a number of conditions that must hold for a patent … categories of challenges in which the potential benefits for competition are smaller than previously thought or, in some cases …
Persistent link: https://www.econbiz.de/10014129516
Conventional wisdom holds that the European Union has opted to apply its competition law to the exercise of … antitrust process), it becomes apparent that in key respects, when innovative-competition is at stake, U.S. law grants overall …
Persistent link: https://www.econbiz.de/10014043006
Harold Demsetz once claimed that 'economics has no antitrust relevant theory of competition.' Demsetz offered this …-dimensional nature of competition. Competition does not take place upon a single margin, such as price competition, but several … dimensions that are often inversely correlated such that a liability rule deterring one form of competition will result in more …
Persistent link: https://www.econbiz.de/10014046270
If any court is linked to the “law and economics” movement, it is the Seventh Circuit, home of former Judge Richard Posner, the “Chicago School,” and analysis based on markets and economics. It thus comes as a surprise that in college-athletics cases, the court has replaced economic...
Persistent link: https://www.econbiz.de/10012893193
” anticompetitive effects, as “the challenged restraints suppress competition and fix the price of student-athletes’ services …
Persistent link: https://www.econbiz.de/10013241309
Fall Saturdays and college football. The March Madness basketball tournament. The NCAA plays an important role in many Americans’ lives. But for decades, the association has justified its restrictions on compensation to student-athletes on the basis of “amateurism.” Those attempts just ran...
Persistent link: https://www.econbiz.de/10013214470
For decades, the NCAA has trumpeted "amateurism" and "student-athletes." But what if this is all a façade? What if these are empty phrases the NCAA hides behind in its embrace of commercialism on the backs of athletes?These are the questions at the heart of Joe Nocera and Ben Strauss's gripping...
Persistent link: https://www.econbiz.de/10012996256