Innovation is a flabby concept in antitrust practice, only coming into play in limited situations, as contrasted with its seeming ubiquity in the business pages. Lacking an accurate underlying conception of innovation, the current tools and theories of antitrust are inadequate. For innovation to...

Mergers in the startup world, like a Google/Youtube, Amazon/Zappos, or Facebook/Instagram, are often about sustaining the innovation so the acquired company can disrupt the legacy industry. The method of sustaining the innovation is the handoff from innovative founders who may be good at the...