Incentivizing innovation through buyouts may alleviate the social costs associated with patent power, but the political economy and feasibility of this potentially important financing mechanism have been understudied. We study an international setting of countries with different innovation and...

This working paper examines the rise of the “new developmentalism” in Brazil and the role of the last three industrial policies created by the federal government since 2004, specially the latest, which is called “Brasil Maior.” The main purpose of the paper is to analyse the risk of...

The lack of anticipation of a worldwide disruptive event such as the spread of the COVID-19 combined with the breakdown of market mechanisms for the most essential products needed to fight the disease left the governments of many countries unsure of how to react and, often, constrained their...

Extraterritorial application of domestic competition law is an important feature of the current regulatory framework governing anticompetitive conduct. Japan was initially hesitant to apply its Anti-Monopoly Act in such a manner. However, the last two decades show a significant shift in its...

The language of ‘human resource management' treats people as a means to an end. Three core tenets of human resource literature are that it is desirable to have (1) labour ‘flexibility' and ‘mobility' in a peripheral workforce, (2) individual (not social) responsibility for employment...

Transnational competition cases pose numerous challenges — from accessing foreign-based evidence to effectively enforcing decisions or judgments in their aftermath. Some of such cases are quite special in that the underlying conduct involves or implicates a foreign State. This article makes an...

There is no gainsaying that energy enables growth in both developing and developed economy contexts. The innovations that lead to (i) the roll-out of long-distance energy networks operated by vertically-integrated utilities as a means of delivering affordable and reliable energy, and (ii) viable...

This piece critically analyses extraterritorial application of competition law by the European Union. The EU is a key global player in competition law and policy. Its competition law is actively and assertively applied to foreign activities of foreign entities affecting EU market. In the recent...

The North American Free Trade Agreement (NAFTA) once again became a newsworthy topic in the US media, this time during the contested Spring 2008 Democratic primary for the US presidency, particularly from campaign talking-points originating within Midwestern Rust-Belt states. Although the merits...

A central ambition of the Lisbon Agenda and Europe 2020 is promoting greater innovation in Europe. This paper investigates three questions: How have EU efforts to foster innovation affected innovation finance? How has European financial market integration affected innovation finance? And, are...