Standards are ubiquitous and necessary says Josh Lerner the Jacob H. Schiff professor of investment banking at Harvard Business School and coauthor with Jean Tirole of. I the Toulouse commonly shorten to the acronym FRAND. Disputes over crucial patents can impe innovation. Photo iStockPhoto School of Economics of the paper […]
When intermiaries compete by offering larger nefits to buyers greater competition can actually exacerbate the distortions and make things worse. Author Abstract Suppose an intermiary provides a nefit to buyers when they purchase from sellers using the intermiary s technology. We develop a model to show that the intermiary will […]
Price Coherence and Adverse Intermiation by njamin G. elman and Julian Wright In modern markets buyers can often buy the same good or service directly from a seller and through one or more intermiaries all at the same exact price. Buyers respond by choosing whichever intermiary offers the greatest nefit […]
Structur Price Commitments The paper goes on to explore and endorse the idea of structur price commitments wherein all holders of potentially relevant patents agree to a price cap on royalties just fore a standard is set—after which the standard setting body is prohibit from discussing pricing. Price commitments have […]
One of the world s leading standards setting bodies the IEEE explain that after a patent is deem essential to an IEEE standard the patent holder is ask to submit a letter of assurance LOA guaranteeing fair and reasonable terms. The LOA process is to ask patent holders if they […]
Incumnts whose constituencies Josh Lerner and Jean Tirole discuss remies. In the high tech industry it s common practice for a governing body to develop technical standards for any given technology. The goal is to promote widespread adoption and compatibility among various devices. The Bluetooth standard lets a Nokia headset […]
More importantly the ristricting process does not appear to have en influenc by incumnt politicians to a great extent although there is some evidence that the constituencies of specific politicians advisory committee memrs were less likely to undergo unfavorable changes. Overall the ristricting process did not make a large difference […]
In successful family business systems with unitary leadership you find that most important decisions are the product of a consensus process like this. The leadership model has now chang since Nelson mov to the chairman role and uardo Melzer came CEO the collaboration tween uncle and nephew in leading their […]
