In this second version of this working paper, Emile Loza discusses the need to conceptualize innovation as a market system and identifies some of the actors, types of capital, and legal infrastructure needed to accelerate the deployment of innovation and improve the sustainability of innovators....

Consumer advocates won a victory with the passage of the Credit Card Accountability Responsibility and Disclosure Act of 2009. (Credit Card Act). The Credit Card Act bans certain pricing practices that were confusing to credit card users. Ironically, the seeds of this legislative victory may...

The U.S. Bankruptcy code changed dramatically with the passage of The Bankruptcy Abuse Prevention and Consumer Protection Act Of 2005. This act increased the costs and decreased the benefits of bankruptcy to consumers. Supporters of the law claimed that it would benefit consumers as well as...

Until recently, predatory pricing was a rapidly dying area of antitrust. Following years of judicial tapering of predatory pricing liability in the lower courts, the Supreme Court dealt a devastating, and perhaps final, blow to the hopes of predatory pricing plaintiffs with its 1993 decision in...

How can firms profitably give away free products? This paper provides a novel answer and articulates tradeoffs in a space of information product design. We introduce a formal model of two-sided network externalities based in textbook economics - a mix of Katz & Shapiro network effects, price...

The present paper (presented in ITU's & INA 2009 workshop on “Migration to Next Generation Regulatory Environment”) tries to identify the effects of the concentration experienced so far in the EU telecom sector and offers a high level strategy proposition for alternative revenue sources in...

Over the years since airline deregulation five of the remaining U.S. legacy carriers lost money on mergers that cost them a total of $29.6 billion. The combined market cap of these carriers at the end of 2007 was $15.5 billion. In other words, their return on merger investments was -48%. Why?...

With the rise of the platform economy over the past decade, numerous online retailers have switched from the traditional wholesale model to the agency model. In the agency model, the suppliers, rather than the retailers, control the pricing decisions, and they share a proportion of the revenue...

In a decade of transition, fear of a leviathan state is giving way to increased focus on oligarchs who "capture the state." In the capture economy, the policy and legal environment is shaped to the captor firm`s huge advantage, at the expense of the rest of the enterprise sector. This has major...