On an increasing scale auctions are used to allocate the licenses to operate on markets which are thought not suited for free entry. According to standard economic arguments, the license fees paid at the auction will not affect consumer prices since they constitute a sunk cost. This standard view is not uncontested though. In the present paper we experimentally investigate two arguments for a p...

We describe and interpret bidding behavior in FCC Auction 73 for the C-block licenses. These licenses were initially offered subject to an open platform restriction, which was highly valued by firms such as Google. Google entered bids until its bids reached the Cblock reserve price, thereby ensuring that the open platform restriction would be applied to the licenses. Later in the auction, other...

Introduced in 2016, the Insolvency and Bankruptcy Code overhauled Indian insolvency regime. Five years young, work progress is now process of adopting Cross-Border insolvency, which was omitted from its original mandate. In 2018, a legislatively appointed committee suggested that should adopt UNCITRAL Model Law on Cross Border Insolvency. However, Committee overlooked crucial jurisprudential gu...

Digital Rights Management and, more concretely, Rights Expression Languages can benefit from formal semantics based on ontologies. However, this increased level of formality can make licenses even harder to read than those based on less formal solutions like XML Schemas. In order to overcome this usability issue, the Copyright Ontology is based on an ontologyengineering pattern that follows a N...

High drug prices are a major barrier to patients' access to drugs and compliance with treatment. Yet low drug prices are often argued to provide inadequate incentives for innovation. We propose a drug-licensing model for health care, which has the promise of increasing drug use without altering patients' out-of-pocket spending, health plans' costs, or drug companies' profits. In such a model, p...

Tethered midbody remnants dancing across apical microvilli, encountering the centrosome, and beckoning forth a cilium-who would have guessed this is how polarized epithelial cells coordinate the end of mitosis and the beginning of ciliogenesis? New evidence from Bernabé-Rubio et al. (2016. J. Cell Biol http://dx.doi.org/10.1083/jcb.201601020) supports this emerging model.