Publications

The recent trial in FTC v. Meta shows the important role that economic experiments can play in establishing a relevant market in antitrust cases. The evidence provided by Meta’s expert economists significantly hampers the FTC’s definition of the relevant market and thus its overall case.

The reality is that if the United States doesn’t become more like China, it will lose the battle for advanced technology leadership.

Canada has zero entries among the world’s top 50 science and tech clusters. Waterloo is the best candidate for elevation. To make that happen, the federal and Ontario governments should create an incentive: Tech start-ups based in Waterloo, as well as firms outside Canada that relocate meaningful R&D and innovation production to the region, will pay no tax for a decade.

In its push for digital sovereignty, the European Commission is reportedly planning to replace Microsoft Azure with the French cloud provider OVHcloud or another European alternative. But this move, while politically symbolic, would be costly. Far from enhancing security, this migration would sacrifice sound procurement and EU legal obligations in service of a hollow vision of digital nationalism.

Only in the United States is gutting a world-leading firm seen as a policy win. No other government would be insane enough to attack its own national champions the way American antitrust enforcers do.

Policymakers must justify why they should be allowed to tax the major digital companies differently from the leading firms in other industries. This challenge explains why so much of the DST debate has centered around obscure and abstract notions of a company’s “physical presence” and whether the company’s users “create value.”

Canada needs a new federal institution that makes its innovation system more than the sum of its parts: a Canadian Innovation and Industrial Transformation Agency. This institution wouldn’t replace programs. It would govern them coherently, strategically, and at speed.

With limited bandwidth for negotiations, we can no longer afford to treat all trade sectors equally. The administration should focus on what matters most for America’s economic and national security future: defending our technology industry from foreign attacks.

Researchers estimate that R&D investment in the biopharma industries in 2021 was $276 billion, 170 percent greater than other commonly cited estimates.

The Supreme Court upheld Texas’s online age checks, opening the door to fragmented state laws. Congress should create a single national “child flag” system to protect kids and simplify compliance.