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JLEP_GMU

  1. Editor selections today!
  2. It's been a great conference! Many thanks to @InfoEconProject, Hazlett, Sarah Oh, the speakers,and @JLEP_GMU volunteers! #iepdigitalinventor
  3. Teece answers that notion of disequilibrium is correct. #iepdigitalinventor
  4. Andrei Hagiu wants to know if Teece thinks there can be inefficient Schumpeterian competition #iepdigitalinventor
  5. Teece: You must also think about ecosystem, not just infrastructure #iepdigitalinventor
  6. @InfoEconProject's Thomas Hazlett leading Q&A for Teece; discussing Apple's conditions for Sprint getting iPhone #iepdigitalinventor
  7. Teece: 20 years ago, nobody was talking about business models.
  8. Teece's lunch keynote expounds on the topics discussed today and brings them all together #iepdigitalinventor
  9. Teece: Schumpeter wanted to be the greatest economist, horseman, & lover in Vienna #iepdigitalinventor
  10. Hazlett clarifies: David Teece is the one defying the laws of physics. #iepdigitalinventor
  11. Now time for luncheon keynote with David Teece! #iepdigitalinventor
  12. Bessen: investment risk grew substantially in the 90s #iepdigitalinvestor
  13. Bessen: Defendants tend to lose less when plaintiffs are entrants #iepdigitalinventor
  14. Bessen: patent litigants tend to lose more when financially distressed #iepdigitalinventor
  15. Bessen goes on to say that plaintiffs "lose" with stocks but less so. Not just wealth transfer, there's deadweight loss #iepdigitalinventor
  16. Defendants' stocks often go down b/c of litigation; plaintiff's' don't really rise. #iepdigitalinventor
  17. Bessen currently talking about what happens to parties' stock values during litigation #iepdigitalinventor
  18. There is static deadweight loss re: patent litigation: legal costs, diversification of resources,lost & delayed business #iepdigitalinventor
  19. James Bessen starts his panel presentation: The Private Costs of Patent Litigation #iepdigitalinventor
  20. Moderator Adam Mossoff wants Bessen to continue the #LOTR theme; says IP lawyers & economists are all nerds (very true) #iepdigitalinventor