An economic assessment of patent settlements in the pharmaceutical industry

This article demonstrates that in recent years, patent settlements between branded and generic manufacturers involving "reverse payments" from branded manufacturers to generic manufacturers have received close antitrust scrutiny, driven by concerns that such settlements harm consumers by delaying the entry of lower-priced generic drugs. The authors note that such settlements will be a focus of the Obama Administration's antitrust enforcement policy, yet there is a growing consensus among the courts that such settlements are anticompetitive only under narrow sets of circumstances. In this article, the authors present an analytical framework for evaluating the competitive effects of patent settlements, including those involving reverse payments, and demonstrate that these settlements can benefit consumers. Thus, the authors conclude that while continued scrutiny of such settlements is important, broad brush treatments are inappropriate and only a more individualized evaluation can correctly determine the competitive effects of a particular settlement agreement.     

Life in the Chinese hinterlands under the rural economic reforms

Abstract

Some of the poorest peasant households in one of China's inland provinces are being hurt by current government policies toward agriculture. This is the distinct impression obtained during two months of travel and research in Yunnan Province during mid-1988. As consultants to an international development project, we had an opportunity to explore the hill districts of northern Yunnan in a four-wheel drive, free to conduct interviews with grass-roots officials and peasant families. A total of thirteen villages were investigated, selected largely by ourselves.     

Chutzpah even before the heavenly court

This article discusses how classic and contemporary films can be used to examine justice and peacemaking themes in personal, social, and criminal justice contexts. Thematic topics include poverty, homelessness, the Holocaust, racial prejudice, prison violence, and religious intolerance. The author attempts to illustrate how transformative justice can occur through individual acts of compassion and courage in difficult circumstances.