We build a framework linking competition in the media market to political participation, media slant, and selection of politicians. Media outlets report on the ability of candidates running for offi ce and compete for audience through their choice of slant. Citizens derive utility from following...

Many observers have voiced concerns that standards create essentiality and thus monopoly power for the holders of standard essential patents (SEPs). To address these concerns, Lerner and Tirole (2015) advocate structured price commitments, whereby SEP holders commit to the maximum royalty they...

Standardization may allow the owners of standard-essential patents to charge royalty rates exceeding those that would have been negotiated ex ante. In practice, however, standard-setting efforts are often characterized by repeated interaction and complementarities among technologies. These...