Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

Tuesday, December 21, 2010

The Antitrust/Intellectual Property Interface: Thoughts on How To Best Wade Through the Thicket in the Pharmaceutical Context

Monday, December 20, 2010

International Competition Law Conference: Competition Law in Transition: Trends and Challenges, Dubrovnik, 15-17 June 2011

Posted by D. Daniel Sokol

Competition Law in Transition:Trends and Challenges

We are delighted to invite you to the International Competition Law Conference “Competition Law in Transition: Trends and Challenges” from June 15-17, 2011 in Dubrovnik.

At this conference, supported by a number of reputable law firms and other organizations, more then 20 high level experts from different countries will address and discuss relevant topics for Antitrust/Competition law practitioners.

We are proud that William Kovacic of Federal Trade Commission will be one of the keynote speakers. We also expect other high level guests.

Some of the contemplated topics are:

  • Cartels and leniency in cross border setting;
  • Merger Control: defending a problematic merger;
  • Private enforcement of competition laws;
  • Round Table - Due process: what does it mean in divided world?
  • Abuse of dominance: law and economics of pricing;
  • Competition compliance: when prevention is better than cure.

Throughout the conference there will be sufficient time for discussions and questions, as well as many opportunities to network. The conference will include an enjoyable social program.

The evening program comprises of an opening reception at the Rector’s Palace for Wednesday 15 June 2011 at 8.00 p.m. and a Gala Dinner which will take place at Hotel Excelsior on 16 June 2011 at 8.00 p.m. on the following evening.

The conference will take place at the Hotel Excelsior, which is very close to the city Centre and the Conference participants will receive discounted rates.

We strongly encourage you to use this great opportunity to meet your peers and to remain on the top of the latest developments in the Antitrust/Competition law.

We look forward to welcoming you in Dubrovnik!

Kind regards,
Boris Babić
Conference Chair

Date 15.06.2011,
08:00 AM
Place Hotel Excelsior
Frana Supila 12
20000 Dubrovnik
Contact Boris Babic
Nova cesta 60/ 1st floor 10000 Zagreb
Phone: +385 (0) 1 3821 124

December 20, 2010 | Permalink | Comments (0) | TrackBack (0)

Advance-Purchase Discounts as a Price Discrimination Device

Posted by D. Daniel Sokol

Volker Nocke, University of Mannheim, Martin Peitz, University of Mannheim, and Frank Rosar, University of Bonn analyze Advance-Purchase Discounts as a Price Discrimination Device.

ABSTRACT: In an intertemporal setting in which individual uncertainty is resolved over time, advancepurchase discounts can serve to price discriminate between consumers with different expected valuations for the product. Consumers with a high expected valuation purchase the product before learning their actual valuation at the offered advance-purchase discount; consumers with a low expected valuation will wait and purchase the good at the regular price only in the event where their realized valuation is high. We characterize the profitmaximizing pricing strategy of the monopolist. Furthermore, adopting a mechanism design perspective, we provide a necessary and sufficient condition under which advance-purchase discounts implement the monopolist’s optimal mechanism.

December 20, 2010 | Permalink | Comments (0) | TrackBack (0)

Institutions and Innovation: A Literature Review of the Impact of Public R&D and Financial Institutions on Firm Innovation

Posted by D. Daniel Sokol

Charles E. Eesley, Stanford University describes Institutions and Innovation: A Literature Review of the Impact of Public R&D and Financial Institutions on Firm Innovation.

ABSTRACT: Institutions and the environment matter for innovation, but which institutions matter more? How do they matter at a more micro-level? It is clear from work in institutional economics that the levels and modes of innovative and entrepreneurial activity should be affected by the surrounding institutions (Licht, Siegel 2006, Busenitz, Gomez, Spencer 2000). Institutions can help alter the constraints and structure of incentives in a society to direct self-interested behavior towards either more or less economically productive activities (Baumol 1990, Nee 1996). New opportunities open up as emerging economics undertake the shift from redistributive bureaucracy to open markets (Nee 1996), but we still lack an understanding of which shifts are more important for increasing technological innovation. The environment for entrepreneurship along with differences in technological opportunities, the characteristics of economic spillovers between universities and private firms, along with cultural factors can impact the level and types of entrepreneurial activity occurring. Yet currently we have a limited understanding of these factors. This paper focuses specifically on the impact of two broad institutions: financial and public R&D institutions.

December 20, 2010 | Permalink | Comments (0) | TrackBack (0)

Large-Scale Open Innovation: Open Source vs. Patent Pools

Posted by D. Daniel Sokol

Thierry Rayna, London Metropolitan Business School and Ludmila Striukova, University College London address Large-Scale Open Innovation: Open Source vs. Patent Pools.

ABSTRACT: The traditional view of innovation, which implies that companies innovate on their own, has been recently challenged by the 'open' innovation concept promoting the use of external knowledge. Collaboration between firms has always existed in one way or another, however, large-scale open innovation is now the next step for many companies. This article conducts a comparative analysis of the two largest open innovation structures: patent pools and open source. The issues of financial and non-financial benefits, appropriability, standards, cooperation, risks and feasibility are, in turn, discussed for each of the structures. Finally, a synthesis of the results is established and recommendations in regard to the adoption of these structures are given.

December 20, 2010 | Permalink | Comments (0) | TrackBack (0)

Empirical Evidence for the Role of the Domain Name Itself in Website Performance

Posted by D. Daniel Sokol

Karan Girotra, INSEAD - Technology and Operations Management and Karl T. Ulrich, University of Pennsylvania - Operations & Information Management Department provide Empirical Evidence for the Role of the Domain Name Itself in Website Performance.

ABSTRACT: This paper provides the first large-scale empirical evidence of the association between specific properties of internet domain names and website performance. We analyze over one million internet domain names, linking their phonological and morphological attributes to the realized demand for their associated websites. We test hypotheses related to how the names sound, how they look, their ease of recall, and the likelihood that they will be typed correctly. We find that certain attributes of names are associated meaningfully and significantly with the demand realized by a website. The websites with the highest demand have names that are short, include dictionary words, avoid punctuation symbols, and use numerals. The use of phonemes associated with disgust is negatively associated with performance for most websites, but positively associated with performance for adult sites. Some of these results from the on-line world are likely to hold off line, while some are not. These findings can be used in conjunction with other criteria as part of the selection process for names.

December 20, 2010 | Permalink | Comments (0) | TrackBack (0)