Open Access. Powered by Scholars. Published by Universities.®

Industrial Organization Commons

Open Access. Powered by Scholars. Published by Universities.®

Articles 1 - 6 of 6

Full-Text Articles in Industrial Organization

Teece's Competing Through Innovation, Herbert J. Hovenkamp Oct 2014

Teece's Competing Through Innovation, Herbert J. Hovenkamp

All Faculty Scholarship

This essay reviews David J. Teece's book, Competing Through Innovation: Technological Strategies and Antitrust Policies (2013).


Actavis And Error Costs: A Reply To Critics, Aaron S. Edlin, C. Scott Hemphill, Herbert J. Hovenkamp, Carl Shapiro Oct 2014

Actavis And Error Costs: A Reply To Critics, Aaron S. Edlin, C. Scott Hemphill, Herbert J. Hovenkamp, Carl Shapiro

All Faculty Scholarship

The Supreme Court’s opinion in Federal Trade Commission v. Actavis, Inc. provided fundamental guidance about how courts should handle antitrust challenges to reverse payment patent settlements. In our previous article, Activating Actavis, we identified and operationalized the essential features of the Court’s analysis. Our analysis has been challenged by four economists, who argue that our approach might condemn procompetitive settlements.

As we explain in this reply, such settlements are feasible, however, only under special circumstances. Moreover, even where feasible, the parties would not actually choose such a settlement in equilibrium. These considerations, and others discussed in the reply, serve to …


The Evolution Of Innovation And The Evolution Of Regulation: Emerging Tensions And Emerging Opportunities In Communications, John W. Mayo Jul 2014

The Evolution Of Innovation And The Evolution Of Regulation: Emerging Tensions And Emerging Opportunities In Communications, John W. Mayo

John W Mayo

Changes to an industry’s core technologies inevitably create tension for regulatory institutions. This is true for any sector experiencing persistent disruptive innovation, and that has been the defining feature of the communications industry for the last two decades or longer. In very short order, a century of switched voice communication networks have been supplanted by new, packet-based voice, video and data networks, rendering both the legal and regulatory framework hammered out for the switched-voice era increasingly strained. This incongruity has created tangible regulatory asymmetries. Wireline telephony provided by a “telco” is regulated by the Federal Communications Commission under Title II …


Essay On Firm Inventory And Innovation Behavior, Ye Gu May 2014

Essay On Firm Inventory And Innovation Behavior, Ye Gu

Doctoral Dissertations

This dissertation studies firm’s decisions on inventory investment and innovation activities. The first chapter examines firm inventory behavior. It resolves and simulates the production smoothing/buffer stock model using different sets of parameters. It shows that the relationship between a sales shock and inventory investment could be ambiguous which is different from previous predictions. The production smoothing/buffer stock model and the (S, s) model of inventory are tested using a rich Chinese firm-level dataset covering 769 manufacturing firms from 1980 to 1989, and I find that sales are positively correlated with inventory for raw materials, but negatively correlated with …


Essays On Innovation And Consumer Credit, David E. Fieldhouse Feb 2014

Essays On Innovation And Consumer Credit, David E. Fieldhouse

Electronic Thesis and Dissertation Repository

In the first chapter, I show that the economy’s production structure plays an important role in determining innovation. In particular, using patent data I document a set of empirical facts that are initially puzzling, but can be explained by recognizing that innovation decisions are related between sectors. A model is developed to explain the empirical findings, but it also has an important finding for the current debate on U.S. patent policy. I use the model to demonstrate that a perceived long-run decline could be explained by increased innovative opportunities in certain industries and the responses of inventors in other sectors …


Export, R&D And New Products. A Model And A Test On European Industries, Dario Guarascio, Mario Pianta, Francesco Bogliacino Jan 2014

Export, R&D And New Products. A Model And A Test On European Industries, Dario Guarascio, Mario Pianta, Francesco Bogliacino

Mario Pianta

In this article we extend the model developed by Bogliacino and Pianta (2013a, 2013b) on the link between R&D, innovation and economic performance, considering the impact of innovation of export success. We develop a simultaneous three equation model in order to investigate the existence of a ‘virtuous circle’ between industries’ R&D, share of product innovators and export market shares. We investigate empirically – at the industry level – three key relationships affecting the dynamics of innovation and export performance: first, the capacity of firms to translate their R&D efforts in new products; second, the role of innovation as a determinant …