In his /The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail/ published in 1997, Clayton Christensen presents his arguments of how and why leading incumbents failed to respond to the technological straightforward changes in the hard disk drive industry and thus went...

Policymakers should proceed with a great deal of caution when considering standards mandates, where procurement policies and other government actions may distort a marketplace filled with competing standards and levels of interoperability. Because there are undeniable trade-offs from any...

A recent and widely received study by Lauren Cohen, Umit G. Gurun, and Scott Duke Kominers finds that non-practicing entities (NPEs) — pejoratively known as “patent trolls” — are “opportunistic” because they target defendants that (1) are cash-rich (particularly compared to...

The problems about diversity concern various themes. We will show that the economic theory can contribute by itself to the debate in progress. It could seem paradoxical, but what is called the "dismal science" can serve to attenuate some pessimistic attitudes, putting in prominence a perspective...

It's clear today that the world is changing rapidly. Innovation is taking place faster. Digital platforms are permeating ever greater portions of our lives, transforming the ways we work, play, and interact with one another. Pulling from various economic, communications, and other disciplines,...

eBay v. MercExchange, 547 U.S. 388 (2006) is approaching a decade of citation and, in that time, the landscape for injunctions in patent infringement cases has changed dramatically. Can revisiting the case give us a better understanding of how the standards for injunctions should be understood...

When we talk about the “governance” of business organizations, we usually refer to responsibility and regulatory compliance, and answering the question: “how should an organization be directed, monitored, and held more accountable?” In this paper, we take recent developments in the car...

Seven “Corporate Venturing” Strategies to Foster Innovation tackles the question: What should companies do to accelerate innovation and remain relevant? Or, stated differently: What should companies do to avoid being disrupted by more agile and innovative startups? One answer is corporate...

Collaboration and risk sharing through industry sponsored centralized facilities, i.e. clearing houses, central securities depositories, payment and netting systems, and central counterparties, has been used extensively in the financial services industry. However, it has only been applied to the...

We develop a theoretical model of, and provide the first large-sample evidence on, the behavior and impact of non-practicing entities (NPEs) in the intellectual property space. Our model shows that NPE litigation can reduce infringement and support small inventors. However, the model also shows...