Wolfgang Kerber: Competition, Innovation, and Competition Law: Dissecting the interplay.

The digital revolution has reinvigorated the discussion about the problem how to consider innovation in the application of competition law. This raises difficult questions about the relationship between competition and innovation as well as what kind of assessment concepts competition authorities should use for investigating innovation effects, e.g., in merger Weiterlesen…

Wolfgang Kerber: Rights on Data: The EU Communication ‚Building a European Data Economy‘ From an Economic Perspective

In its Communication „Building a European data economy“ the EU Commission discusses the introduction of a new exclusive property right on data („data producer right“) for non-personal (or anonymised) machine-generated data, and mandatory access rights to privately held data for achieving more access, transfer and reuse of data, esp. in Weiterlesen…

Interview with Israel M. Kirzner

Dr. Karen Horn has interviewed Israel M. Kirzner for the academic journal Perspektiven der Wirtschaftspolitik. An English-language version has now been published by the online magazine CapX. Here is Kirzner’s take on neoclassical economics: „For neoclassicals, the entrepreneurial element is a nuisance, a pest, something they would wish to eliminate because it makes it difficult or in fact impossible for them to derive clear results.“