In this ex-post analysis, we have used three large pharmaceutical merger cases to examine the correctness of the market definition carried out by the FTC and the European Commission with regard to innovation competition. In doing so, we selected three merger cases that were reviewed by both...

We examine the role of spillover learning in shaping the value of exploratory versus incremental R&D. Using data from drug development, we show that novel drug candidates generate more knowledge spillovers than incremental ones. Despite being less likely to reach regulatory approval, they are...

3D printing is a new manufacturing method used to make customized products that is also instrumental in driving manufacturing innovation. The global market for this technology has expanded rapidly thanks to a sharp increase in industrial applications. However growth of the Korean 3D printing...

Sensors and sensing technologies have a main impact in current society and this aspect will continue into the future because of evolving and improving performance characteristics and capabili-ties. Sensors are general purpose technologies that interact with other technologies with relation-ships...

Recent years have seen a remarkable increase in patents in the field of information, communication and entertainment (ICE) technology and biotechnology. The growth of patents in those areas has triggered serious concern about access to ICE and genome related inventions, as the rise of patents...

The present paper explores the multi-layered relationship between plant patents, the right to food and competition law. The present contribution takes the view that the growing tendency to appropriate agricultural crops through intellectual property (IP) – thereby making a pivotal shift from...

In the delicate interaction between intellectual property and public interest, two antinomian questions come to the fore. The first question is to what extent patent law guarantees public interest, contributes to public interest or, on the contrary, limits public interest. The second question is...

This chapter from the forthcoming Cambridge University Press volume Gene Patents and Clearing Models: From Concepts to Cases comments on the international FAO treaty for sharing genetic resources and on proposals by Rai et al. to create a shared testing system for small molecule pharmaceutical...

Intellectual Assets has become the pre-eminent resource for creating economic wealth. Intellectual Assets has contributed to the creation of whole new types of businesses and ways of doing business. In the Knowledge based industries many firms have large amounts of Intellectual Assets such as...

We propose an empirical strategy for estimating competition in innovation markets based on a model of creative-destruction. Our method relates equity in a firm to information about patent citation patterns. Two innovations we introduce are using daily abnormal stock returns rather than annual...