Regulators in many countries have asserted that setting asymmetric mobile termination rates (MTRs) between the incumbent mobile telephony operator and its smaller rivals is an efficacious means by which to help entrants attain efficient scale. We investigate empirically the efficacy of this...

A hedonic model explains a good's price in terms of its characteristics. In this article, we use hedonic prices to estimate the permissible range for a reasonable royalty for a standard-essential patent (SEP) subject to its owner's commitment to offer to license the patent on reasonable and...

Patent licenses reveal information about how the market values a patented technology and how the market values new information concerning the probability of a patent's validity and infringement. One can use that information to determine the value of the patent in suit under the assumed...

In its June 2017 Risk Analysis Research Center (RARC) Report, the Office of Inspector General (OIG) of the U.S. Postal Service asked a world-renowned expert on postal economics, Professor John Panzar, to create a theoretical model of the modern parcel-delivery market. Panzar's 60-page white...

The Patent Act empowers a court to issue an injunction “to prevent the violation of any right secured by patent.” Whether a court will permanently enjoin an infringer depends on whether (1) the patent holder would suffer irreparable harm otherwise, (2) its legal remedies are inadequate, (3)...

In September 2016, the U.S. Court of Appeals for the Second Circuit issued a decision that recognized and applied important economic principles concerning the antitrust analysis of single-firm conduct in two-sided markets. The Second Circuit reversed a February 2015 decision of the U.S. District...