1,146 research outputs found
A Public Choice Approach to Transboundary Acid Deposition
This paper applies public choice theory to the problem of transboundary-transported air pollution. Conventional theoretical wisdom dealing with external diseconomies is insufficient for problems of this nature. The process of issue linkage is suggested for a mutually advantageous agreement in the presence of otherwise highly skewed benefits
Beyond Brooke Group: Bringing Reality to the Law of Predatory Pricing
This Feature offers a roadmap for bringing and deciding predatory pricing cases under the Supreme Courtâs restrictive Brooke Group decision. Brooke Group requires a plaintiff to show that the defendant set a price below cost and had a sufficient likelihood of recouping its investment in predation. This framework, which was adopted without any contested presentation of its merits, has endured despite its flaws. Beyond this framework, the Court opined in dicta that predation is implausible.
We identify points of flexibility within the Courtâs framework that permit an empirically grounded evaluation of the predation claim. Under the price-cost test, a plaintiff has leeway to select an appropriate measure of cost, including incremental cost. In considering recoupment, Brooke Groupâs skeptical dicta should be confined to the particular market structure and theory of recoupment analyzed in that case. The dicta do not apply, for example, to a monopolist who recoups by earning a reputation for predation. A further reason to confine Brooke Groupâs dicta is the Courtâs highly unusual reweighing of the evidence presented at trial. As we explain using new historical research, this was not the Courtâs initial plan after oral argument, but Justice Kennedy switched his vote. We also make the case against extending the price-cost test to more complex pricing strategies, such as loyalty discounts, in which the motivation for a stringent ruleâto avoid costly false positivesâhas little purchase
Beyond Brooke Group: Bringing Reality to the Law of Predatory Pricing
This Feature offers a roadmap for bringing and deciding predatory pricing cases under the Supreme Courtâs restrictive Brooke Group decision. Brooke Group requires a plaintiff to show that the defendant set a price below cost and had a sufficient likelihood of recouping its investment in predation. This framework, which was adopted without any contested presentation of its merits, has endured despite its flaws. Beyond this framework, the Court opined in dicta that predation is implausible.
We identify points of flexibility within the Courtâs framework that permit an empirically grounded evaluation of the predation claim. Under the price-cost test, a plaintiff has leeway to select an appropriate measure of cost, including incremental cost. In considering recoupment, Brooke Groupâs skeptical dicta should be confined to the particular market structure and theory of recoupment analyzed in that case. The dicta do not apply, for example, to a monopolist who recoups by earning a reputation for predation. A further reason to confine Brooke Groupâs dicta is the Courtâs highly unusual reweighing of the evidence presented at trial. As we explain using new historical research, this was not the Courtâs initial plan after oral argument, but Justice Kennedy switched his vote. We also make the case against extending the price-cost test to more complex pricing strategies, such as loyalty discounts, in which the motivation for a stringent ruleâto avoid costly false positivesâhas little purchase
Activating \u3ci\u3eActavis\u3c/i\u3e
In Federal Trade Commission v. Actavis, Inc., the Supreme Court provided fundamental guidance about how courts should handle antitrust challenges to reverse payment patent settlements. The Court came down strongly in favor of an antitrust solution to the problem, concluding that âan antitrust action is likely to prove more feasible administratively than the Eleventh Circuit believed.â At the same time, Justice Breyerâs majority opinion acknowledged that the Court did not answer every relevant question. The opinion closed by âleav[ing] to the lower courts the structuring of the present rule-of-reason antitrust litigation.âThis article is an effort to help courts and counsel fill in the gaps. We identify and operationalize the essential features of the Courtâs analysis. We describe the elements of a plaintiffâs affirmative case, justifications that are ruled out by the Court\u27s logic, and a test for viable justifications. For private cases, we outline an appropriate procedure for evaluating damages and suggest specific jury instructions
The \u3ci\u3eActavis\u3c/i\u3e Inference: Theory and Practice
In FTC v. Actavis, Inc., the Supreme Court considered reverse payment settlements of patent infringement litigation. In such a settlement, a patentee pays the alleged infringer to settle, and the alleged infringer agrees not to enter the market for a period of time. The Court held that a reverse payment settlement violates antitrust law if the patentee is paying to avoid competition. The core insight of Actavis is the Actavis Inference: a large and otherwise unexplained payment, combined with delayed entry, supports a reasonable inference of harm to consumers from lessened competition.This paper is an effort to assist courts and counsel in implementing the Actavis Inference. First, we evaluate a variety of fact patterns that have arisen in the district courts since Actavis, including payment that takes a form other than cash. For example, a branded drug maker may promise not to offer an authorized generic drug. As we explain, under Actavis, such agreements are especially likely to violate antitrust law. We also consider how much detail a plaintiff must offer in its initial complaint to comply with federal pleading requirements.Second, we demonstrate that the Actavis Inference fully applies when multiple generic firms, rather than just one, threaten to enter the market. Our economic model shows that the Actavis Inference becomes stronger and more important in the presence of multiple generic firms. Our analysis demonstrates that the contrary conclusions reached in a recent paper by Bruce Kobayashi, Joshua Wright, Douglas Ginsburg, and Joanna Tsai (KWGT) are incorrect, inconsistent with KWGTâs own analysis, or irrelevant to a faithful implementation of Actavis.Third, we clarify the reasons not to litigate the patent in the antitrust case. Thanks to the Actavis Inference, a trial court need not determine patent validity or infringement in order to assess the legality of the settlement. The antitrust question depends upon the ex ante prospects in patent litigation and not ex post litigation of the patent by a patent court or by the antitrust court considering the settlement. Litigating the patent is thus of limited probative value and not dispositive regarding a potential antitrust violation
Negotiating sexuality and masculinity in school sport: An autoethnography
This autoethnography explores challenging and ethically sensitive issues around sexual orientation, sexual identity and masculinity in the context of school sport. Through storytelling, I aim to show how sometimes ambiguous encounters with heterosexism, homophobia and hegemonic masculinity through sport problematise identity development for young same-sex attracted males. By foregrounding personal embodied experience, I respond to an absence of stories of gay and bisexual experiences among males in physical education and school sport, in an effort to reduce a continuing sense of Otherness and difference regarding same-sex attracted males. I rely on the story itself to express the embodied forms of knowing that inhabit the experiences I describe, and resist a finalising interpretation of the story. Instead, I offer personal reflections on particular theoretical and methodological issues which relate to both the form and content of the story
Real-time frequency-encoded spatiotemporal focusing
We present a novel real-time frequency-encoded spatiotemporal (FEST) focusing technology using a programmable two-dimensional optical frequency comb. This technique enables, for the first time, simultaneous spatial and temporal focusing at microseconds through thick scattering media
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