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Harold Demsetz once claimed that 'economics has no antitrust relevant theory of competition.' Demsetz offered this …
Persistent link: https://www.econbiz.de/10014046270
As technology and interconnectivity have continued to flourish, so too has an important and complex form of enterprise: the platform. Services like Uber, Google Search, Hulu, and American Express cater to distinct but deeply-interdependent “sides” of customers that derive value or revenues...
Persistent link: https://www.econbiz.de/10012927817
In tort litigation, delayed settlement or impasse imposes high costs on the parties and society. Litigation institutions might influence social welfare by affecting the likelihood of out-of-court settlement and the potential injurers' investment in product safety. An appropriate design of...
Persistent link: https://www.econbiz.de/10014139770
Courts and commentators are sharply divided about how to assess “reverse payment” patent settlements under antitrust law. The essential problem is that a PTO-issued patent provides only a probabilistic indication that courts would hold that the patent is actually valid and infringed, and...
Persistent link: https://www.econbiz.de/10014167001
Online advertising is what funds free online content. Since its birth in the 1990’s, it has evolved into a multi-billion-dollar industry. At the core of this industry lies the ability to identify and track users through various technical means, such as web cookies. Online tracking for...
Persistent link: https://www.econbiz.de/10013236600
This is a survey of the economic principles that underlie antitrust law and how those principles relate to competition policy. We address four core subject areas: market power, collusion, mergers between competitors, and monopolization. In each area, we select the most relevant portions of...
Persistent link: https://www.econbiz.de/10014023495
organization economists have used the tools of game theory and information economics to show that these business practices might … of antitrust. Second, the combination of economic theory and experimental work represents the application of scientific …
Persistent link: https://www.econbiz.de/10013036361
preservation of the competitive process, antitrust jurisprudence now seeks to follow consensus economic theory. Antitrust liability … of a consensus economic theory. Existing case law presents three analogies — exclusive dealing, tying, and predatory …
Persistent link: https://www.econbiz.de/10014149763
Antitrust and competition law have grown dramatically in importance and significance over the last fifty years. US antitrust law has been the principal source of inspiration for jurisdictions wishing to introduce regulation to control cartels and monopolization, and antitrust regulation has now...
Persistent link: https://www.econbiz.de/10012913418
The IEEE-SA updated patent policy and the Business Review Letter issued by the US DoJ have caused much discussion in the US (Sidak, 2015). The purpose of this paper is to assess whether a similarly lenient antitrust approach to Standard Setting Organizations’ (“SSOs”) rate setting policies...
Persistent link: https://www.econbiz.de/10014128859