JLEP_GMU
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Editor selections today!
5:05 AM Feb 25th
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It's been a great conference! Many thanks to @, Hazlett, Sarah Oh, the speakers,and @ volunteers!
11:10 AM Feb 24th
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Teece answers that notion of disequilibrium is correct.
10:33 AM Feb 24th
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Andrei Hagiu wants to know if Teece thinks there can be inefficient Schumpeterian competition
10:32 AM Feb 24th
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Teece: You must also think about ecosystem, not just infrastructure
10:28 AM Feb 24th
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@'s Thomas Hazlett leading Q&A for Teece; discussing Apple's conditions for Sprint getting iPhone
10:27 AM Feb 24th
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Teece: 20 years ago, nobody was talking about business models.
10:24 AM Feb 24th
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Teece's lunch keynote expounds on the topics discussed today and brings them all together
10:23 AM Feb 24th
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Teece: Schumpeter wanted to be the greatest economist, horseman, & lover in Vienna
9:57 AM Feb 24th
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Hazlett clarifies: David Teece is the one defying the laws of physics.
9:56 AM Feb 24th
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Now time for luncheon keynote with David Teece!
9:41 AM Feb 24th
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Bessen: investment risk grew substantially in the 90s
9:30 AM Feb 24th
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Bessen: Defendants tend to lose less when plaintiffs are entrants
9:24 AM Feb 24th
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Bessen: patent litigants tend to lose more when financially distressed
9:20 AM Feb 24th
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Bessen goes on to say that plaintiffs "lose" with stocks but less so. Not just wealth transfer, there's deadweight loss
9:20 AM Feb 24th
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Defendants' stocks often go down b/c of litigation; plaintiff's' don't really rise.
9:16 AM Feb 24th
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Bessen currently talking about what happens to parties' stock values during litigation
9:15 AM Feb 24th
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There is static deadweight loss re: patent litigation: legal costs, diversification of resources,lost & delayed business
9:12 AM Feb 24th
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James Bessen starts his panel presentation: The Private Costs of Patent Litigation
9:10 AM Feb 24th
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Moderator Adam Mossoff wants Bessen to continue the theme; says IP lawyers & economists are all nerds (very true)
9:10 AM Feb 24th
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- Name JLEP
- Location Arlington, VA
- Web http://www.jlep.net
- Bio JLEP is a student run, peer reviewed law journal that publishes articles focusing on the areas of law, economics, and policy.
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