Synopsis
The regulation of innovation and the optimal design of legal institutions in an environment of uncertainty are two of the most important policy challenges of the twenty-first century. Innovation is critical to economic growth. Regulatory design decisions, and, in particular, competition policy and intellectual property regimes, can have profound consequences for economic growth. However, remarkably little is known about the relationship between innovation, competition, and regulatory policy. Any legal regime must attempt to assess the tradeoffs associated with rules that will affect incentives to innovate, allocative efficiency, competition, and freedom of economic actors to commercialize the fruits of their innovative labors. The essays in this book approach this critical set of problems from an economic perspective, relying on the tools of microeconomics, quantitative analysis, and comparative institutional analysis to explore and begin to provide answers to the myriad challenges facing policymakers.
About the Authors
Geoffrey A. Manne is the founder and Executive Director of the International Center for Law and Economics (ICLE) in Portland, Oregon. He is also a Lecturer in Law at Lewis and Clark Law School in Portland and an academic affiliate of LECG, the global expert services and consulting firm. Prior to founding ICLE, Professor Manne was Director of Global Public Policy at LECG and directed Microsoft's legal and economics academic outreach program. Earlier, Professor Manne was a law professor specializing in antitrust law and economics, intellectual property law, corporate governance and international economic regulation, all topics on which he has written. His publications have appeared in journals including the Journal of Competition Law and Economics, the Harvard Journal of Law and Public Policy, the Wisconsin Law Review, the Alabama Law Review and the Arizona Law Review. He is an expert in the economic analysis of law, drawing on degrees from the University of Chicago as well as work for Judge Richard Posner, private practice, and brief service at the FTC. Professor Manne has practised antitrust law at Latham and Watkins, has served as a Bigelow Fellow at the University of Chicago Law School and an Olin Fellow at the University of Virginia School of Law, and has clerked for Judge Morris S. Arnold on the 8th Circuit Court of Appeals. Professor Manne is a co-founder of the Microsoft/George Mason Annual Conference on the Law and Economics of Innovation (with Joshua Wright). He blogs at Truth on the Market.
Joshua D. Wright is an Associate Professor of Law at George Mason University School of Law, Arlington, Virginia, and the Director of Research of the International Center for Law and Economics. Professor Wright was appointed as the inaugural Scholar in Residence at the Federal Trade Commission Bureau of Competition, where he served until autumn 2008. Professor Wright was a Visiting Professor at the University of Texas School of Law and was a Visiting Fellow at the Searle Center at the Northwestern University School of Law during the 2008–9 academic year. Professor Wright's areas of expertise include antitrust law and economics, intellectual property law, consumer protection, empirical law and economics, and economics of contracts. His publications have appeared in leading academic journals, including the Journal of Law and Economics, the Antitrust Law Journal, Competition Policy International, the Supreme Court Economic Review, the Yale Journal on Regulation, the Journal of Competition Law and Economics, the Review of Law and Economics and the UCLA Law Review. Prior to joining the faculty at George Mason, Professor Wright clerked for the Honorable James V. Selna of the Central District of California and taught law and economics at the Pepperdine University Graduate School of Public Policy. He blogs at Truth on the Market.
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