STRUCTURALIST INNOVATION: A SHAKY LEGAL PRESUMPTION IN NEED OF AN OVERHAUL

How does a market’s structure affect innovation? This crucial question has occupied the world’s brightest economists for almost a century, from Schumpeter who found that monopoly was optimal, through Arrow who concluded that competitive market structures were key, to the endogenous growth scholars who empirically derived an inverted-U relationship between market concentration and innovation.

Understanding Competition in Markets Involving Data or Personal or Commercial Information (FTC Hearings, ICLE Comment 7)

FTC Hearings on Competition & Consumer Protection in the 21 st Century. Comments of the International Center for Law & Economics: Understanding Competition in Markets Involving Data or Personal or Commercial Information. Hearing # 6 (Nov. 6-8, 2018). Submitted January 7, 2019.

The Continued Viability and Flexibility of the Consumer Welfare Standard (FTC Hearings, ICLE Comment 6)

FTC Hearings on Competition & Consumer Protection in the 21st Century. Comments of the International Center for Law & Economics: The Continued Viability and Flexibility of the Consumer Welfare Standard, and the Weakness of Its Alternatives. Hearing # 5 (Nov. 1, 2018). Submitted December 31, 2018.