is the Lundin Family Professor of Economics and Business Policy at IMD. He is program director of IMD’s MBA program. For more information, or to contact Professor Boscheck, please visit his faculty profile page.
Regulators face a twofold challenge: First, they need to balance the legitimate interests of patent holders and licensees in order to determine which activities and contracts the law will enforce, or otherwise recognize as creating legal rights. Second, they need to establish rules that minimize both the costs of assessing a given case, and the costs of taking wrong decisions. One traditional approach has been to use antitrust law.