Todd J. Zywicki •
January 4, 2024
Erie Railroad v. Tompkins is a cornerstone of modern American law. Erie overturned Swift v. Tyson, a case that had stood for nearly a century with minimal objection. Swift involved . . .
This paper examines algorithmic collusion from legal and economic perspectives, highlighting the growing role of algorithms in digital markets and their potential for anti-competitive . . .
Todd J. Zywicki •
December 15, 2023
To date, Friedrich Hayek is the only winner of the Nobel Prize in Economics who also holds a law degree. The role of law . . .
In this paper we present a theory of note discounts, exchange rates between brands of notes, and the price level in convertible paper money . . .
Times are changing as our global ecosystem for commercializing innovation helps bring new technologies to market, networks grow, and interconnections and transactions become more . . .
Summary Efficient infringement is when firms opt to “infringe now, pay later,” rather than accepting ex ante a license to use a patented technology. This . . .
David Teece •
December 14, 2023
Summary One of the world’s greatest experiments in open innovation is mobile wireless. Technology enterprises have invested billions of R&D dollars to develop 2G, 3G, . . .
Since the Supreme Court’s 2006 decision in eBay, Inc. v. MercExchange, LLC, increasingly large portions of the patentee population have no realistic expectation of securing injunctive . . .
Kenneth G. Elzinga •
December 11, 2023
This article examines C. S. Lewis’s Abolition of Man from the perspective of economics. One of the principles of economics first taught by Adam Smith was . . .