The FTC’s long-awaited 6(b) study on Patent Assertion Entities (PAEs) provides an intriguing view into the business operations of litigation-oriented PAEs. To fully understand the findings in the PAE report, however, we need to understand how the study was constructed. In particular, understanding who the FTC did and did not interview has crucial implications for both the study’s results and the FTC’s policy reform recommendations. In this brief note, Anne Layne-Farrar highlights some important elements of the FTC’s study methodology and the impact that methodology has on interpreting the PAE report. To read the article, click the link below.
How capacity constraints shape unilateral price effects in horizontal mergers
Examples include hospitals with a fixed number of beds, and hotels with a fixed number of rooms. In the article “Unilateral Price Effects in Horizontal...