The Law and Economics of Patent Damages, Antitrust, and Legal Process

Research in Law and Economics

Series Editors: Richard O. Zerbe and John B. Kirkwood

Recent Volumes:

Volume 20:An Introduction to the Law and Economics of Environmental Policy: Issues in Environmental Design edited by T. Swanson
Volume 21:Antitrust Law and Policy edited by J. B. Kirkwood
Volume 22:General Issues edited by R. O. Zerbe and J. B. Kirkwood
Volume 23:Introduction to Benefit-Cost edited by R. O. Zerbe
Volume 24:Law & Economics: Toward Social Justice edited by Dana L. Gold
Volume 25:Research in Law and Economics edited by R. O. Zerbe and J. B. Kirkwood
Volume 26:The Law and Economics of Class Actions edited by James Langenfeld
Volume 27:Economic and Legal Issues in Competition, Intellectual Property, Bankruptcy, and the Cost of Raising Children edited by James Langenfeld
Volume 28:Healthcare Antitrust, Settlements, and the Federal Trade Commission edited by James Langenfeld and Edwin Galeano

Research in Law and Economics, Volume 29

The Law and Economics of Patent Damages, Antitrust, and Legal Process

Edited by

James Langenfeld

Ankura Consulting Group LLC, USA

Frank Fagan

EDHEC Business School, France

And

Samuel Clark

Ankura Consulting Group LLC, USA

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First edition 2021

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British Library Cataloguing in Publication Data

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ISBN: 978-1-80071-025-2 (Print)

ISBN: 978-1-80071-024-5 (Online)

ISBN: 978-1-80071-026-9 (Epub)

ISSN: 0193-5895 (Series)

Table 1.First Mover Share of Range Based on Discount Rates of Each Party.
Table 1.Likelihood of Divergence between Standard Critical Loss Analysis and Differentiated Products Critical Loss Analysis.
Table 2.Likelihood of Divergence between Standard Critical Loss Analysis and Differentiated Products Critical Loss Analysis with Different Own Elasticity Ranges.
Table 3.Comparison of Differentiated Products Critical Loss Analysis and Critical Loss with Asymmetric Price Increase.
Table 4.Comparison of Differentiated Products Critical Loss Analysis and Gross Upward Pricing Pressure Index (GUPPI).
Table 5.Comparison of Gross Upward Pricing Pressure Index (GUPPI) and Critical Loss with Asymmetric Price Increase.
Table 1.Numerical Simulations for Selected Values of k^.
Table 1.Detailed Definition of Variables.
Table 2.Descriptive Statistics.
Table 3.Determinants of Firm Performance in the First Two Years Following the Triggering of the Labor Litigation Procedure.
Table 4.Determinants of Firm Performance in the First Three Years Following the Triggering of the Labor Litigation Procedure.
Table 5.Determinants of Firm Performance in the First Four Years Following the Triggering of the Labor Litigation Procedure.
Table 6.Robustness Checks: Random Effect Model.
Table 7.Robustness Checks: Return on Assets (ROA) as Dependent Variable.
Table A1.Antitrust Cases Brought Forward by the European Commission against Visa and Mastercard (European Commission, 2018).
Figure 1.First Mover Share Given the Discount Rate of Each Party.
Figure 1.Binned Scatter Plots of Firm Characteristics in Simulations where Standard Critical Loss Makes Correct or Incorrect Predictions (Own Price Elasticities from 1.3 to 2.5).
Figure 2.Binned Scatter Plots of Firm Characteristics in Simulations where Standard Critical Loss Makes Correct or Incorrect Predictions (Own Price Elasticities from 3 to 5).
Figure 1.Flow of Payments within a Three- and Four-Party Card Network.
Michael P. AkemannBerkeley Research Group, LLC
Frank FaganEDHEC Business School
Hassan FaghaniAnkura Consulting Group, LLC
Wenqing LiEpsilon Economics, LLC
Soheil R. NadimiKansas State University
Nathan PetekFederal Trade Commission
Rebbecca Reed-ArthursBerkeley Research Group, LLC
Nicolae StefBurgundy School of Business
David J. TeeceBerkeley Research Group, LLC; University of California, Berkeley
Jean-Christian TisserandBurgundy School of Business
Alen VeljanUniversidad Rey Juan Carlos
Igor VuleticJosip Juraj Strossmayer University of Osijek
Dennis L. WeismanKansas State University

The editor of Research in Law and Economics would like to thank the individuals listed below for refereeing the articles presented in Volume 29 of Research in Law and Economics.

Michaelyn Corbett

Michael Chapman

Hassan Faghani

Alan Frankel