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Showing archive for:  “Agricultural and Biotech Mergers Symposium”

A Brief Assessment of the Procompetitive Effects of Organizational Restructuring in the Ag-Biotech Industry

Today the International Center for Law & Economics (ICLE) Antitrust and Consumer Protection Research Program released a new white paper by Geoffrey A. Manne and Allen Gibby entitled: A Brief Assessment of the Procompetitive Effects of Organizational Restructuring in the Ag-Biotech Industry Over the past two decades, rapid technological innovation has transformed the industrial organization of the ... A Brief Assessment of the Procompetitive Effects of Organizational Restructuring in the Ag-Biotech Industry

Ag-biotech merger symposium wrap-up [Ag-Biotech Symposium]

On Thursday, March 30, Friday March 31, and Monday April 3, Truth on the Market and the International Center for Law and Economics presented a blog symposium — Agricultural and Biotech Mergers: Implications for Antitrust Law and Economics in Innovative Industries — discussing three proposed agricultural/biotech industry mergers awaiting judgment by antitrust authorities around the globe. These proposed ... Ag-biotech merger symposium wrap-up [Ag-Biotech Symposium]

Innovation as a shield and a club in the agribusiness mergers [Ag-Biotech Symposium]

John E. Lopatka is A. Robert Noll Distinguished Professor of Law at Penn State Law School People need to eat. All else equal, the more food that can be produced from an acre of land, the better off they’ll be. Of course, people want to pay as little as possible for their food to boot. ... Innovation as a shield and a club in the agribusiness mergers [Ag-Biotech Symposium]

Innovation-driven market structure in the ag-biotech industry [Ag-Biotech Symposium]

Geoffrey A. Manne is Executive Director of the International Center for Law & Economics Dynamic versus static competition Ever since David Teece and coauthors began writing about antitrust and innovation in high-tech industries in the 1980s, we’ve understood that traditional, price-based antitrust analysis is not intrinsically well-suited for assessing merger policy in these markets. For high-tech industries, ... Innovation-driven market structure in the ag-biotech industry [Ag-Biotech Symposium]

Antitrust review of ag-biotech mergers: Appropriability versus cannibalization

This symposium offers a good opportunity to look again into the complex relation between concentration and innovation in antitrust policy. Whilst the details of the EC decision in Dow/Dupont remain unknown, the press release suggests that the issue of “incentives to innovate” was central to the review. Contrary to what had leaked in the antitrust ... Antitrust review of ag-biotech mergers: Appropriability versus cannibalization

Effects of gene editing on ag-biotech antitrust [Ag-Biotech Symposium]

Levi A. Russell is Assistant Professor, Agricultural & Applied Economics, University of Georgia and a blogger at Farmer Hayek. Commenting on Microsoft’s antitrust suit 18 years ago, Milton Friedman said the following: Your industry, the computer industry, moves so much more rapidly than the legal process, that by the time this suit is over, who knows ... Effects of gene editing on ag-biotech antitrust [Ag-Biotech Symposium]

Innovation trends in agriculture and their implications for M & A analysis [Ag-Biotech Symposium]

Michael Sykuta is Associate Professor, Agricultural and Applied Economics, and Director, Contracting Organizations Research Institute at the University of Missouri. The US agriculture sector has been experiencing consolidation at all levels for decades, even as the global ag economy has been growing and becoming more diverse. Much of this consolidation has been driven by technological changes ... Innovation trends in agriculture and their implications for M & A analysis [Ag-Biotech Symposium]

Patents and mergers [Ag-Biotech Symposium]

How should patents be taken into consideration in merger analysis? When does the combining of patent portfolios lead to anticompetitive concerns? Two principles should guide these inquiries. First, as the Supreme Court held in its 2006 decision Independent Ink, ownership of a patent does not confer market power. This ruling came in the context of ... Patents and mergers [Ag-Biotech Symposium]

Contestability theory in the real world [Ag-Biotech Symposium]

Levi A. Russell is Assistant Professor, Agricultural & Applied Economics, University of Georgia and a blogger at Farmer Hayek. Though concentration seems to be an increasingly popular metric for discussing antitrust policy (a backward move in my opinion, given the theoretical work by Harold Demsetz and others many years ago in this area), contestability is still ... Contestability theory in the real world [Ag-Biotech Symposium]

Understanding innovation markets in antitrust analysis [Ag-Biotech Symposium]

Joanna Shepherd is Professor of Law at Emory University School of Law. Today, three of the largest proposed mergers — Bayer/Monsanto, Dow/Dupont, and ChemChina/Syngenta — face scrutiny in both the U.S. and Europe over concerns that the mergers will slow innovation in crop biotechnology and crop protection.   The incorporation of innovation effects in the antitrust analysis of ... Understanding innovation markets in antitrust analysis [Ag-Biotech Symposium]

Announcement: TOTM blog symposium on agricultural and biotech mergers

Truth on the Market is pleased to announce its next blog symposium: Agricultural and Biotech Mergers: Implications for Antitrust Law and Economics in Innovative Industries March 30 & 31, 2017 Earlier this week the European Commission cleared the merger of Dow and DuPont, subject to conditions including divestiture of DuPont’s “global R&D organisation.” As the ... Announcement: TOTM blog symposium on agricultural and biotech mergers