Market governance and innovation

Monday, 14 April 2008, Tilburg University

Tilburg Law and Economics Center (TILEC) will celebrate its fifth anniversary with a conference on the theme "Market governance and innovation", which will take place in the auditorium of Tilburg University on Monday, 14 April 2008.

Innovation is central to the functioning of modern, growing economies. This conference aims at identifying the ways markets can be set up so as to facilitate innovation.

In the opening lecture, Carel Maske (Director Competition Law EMEA at Microsoft) will set out how an innovative firm manages its way through the web of national and international regulations. A first session on 'Competition and Innovation' (with key speakers Suzanne Scotchmer, UC Berkeley, and Gustavo Ghidini, University of Milan and Luiss Rome) will then focus on the interplay between innovation, intellectual property law and competition policy. In the afternoon, a session on 'Financing Innovation' (with key speakers Mike Wright, University of Nottingham, and Bill Megginson, University of Oklahoma) will discuss the workings of the market for seed capital and the need for financial markets themselves to innovate. The day will be closed with a distinguished panel of academics, Dutch and European regulators, and market players discussing the possible need for 'Regulating Innovation?'

Directions to Tilburg University

Programme

9.00-9.30	Registration
9.30-10.30	Opening by Frank van der Duyn Schouten, Rector, Tilburg University
9.45-10.30	Session 1: Managing Innovation Chair: Pierre Larouche, Co-director, TILEC, Tilburg University Keynote speech: Carel Maske, Director Competition Law EMEA at Microsoft "Managing challenges of national and international regulation in an innovative industry"
10.30-11.00	Break
11.00-12.45	Session 2: Competition and Innovation Chair: Eric van Damme, Co-director TILEC, Tilburg University Suzanne Scotchmer, Professor of Economics and Public Policy, University of California at Berkeley "Three Principles for Licensing: the Boundary between Patents and Competition Policy" Gustavo Ghidini, Professor of Intellectual Property, Milan University, Professor of IP and competition Law, Luiss Guido Carli University, Rome "Less 'exclusion' for more innovation through competition: an in- progress rethink of IP paradigms" Discussants: Jan-Kees Winters, Senior Expert/Deputy Chief Office of the Chief Economist, Nederlandse Mededingingsautoriteit Damien Geradin, Professor of Competition Law and Economics, TILEC, Tilburg University Sylvia van Es, Vice president and senior legal council of Antitrust, Royal Philips Electronics N.V.
12.45-14.00	Lunch
14.00-15.45	Session 3: Financing Innovation Chair: Luc Renneboog, Professor of Corporate Finance, TILEC, Tilburg University Mike Wright, Professor of Financial Studies, Nottingham University "Going Private, Buyouts and Private Equity: Bankruptcy Avoidance, Shareholder Gains and Turnaround". Presentation. Bill Megginson, Professor and Rainbolt Chair in Finance, University of Oklahoma "The Rise of Accelerated Seasoned Equity Underwritings". Presentation. Discussants: Marco Da Rin, Associate Professor in Finance, TILEC, Tilburg University Joe McCahery, Professor of Financial Market Regulation, TILEC, Tilburg University and Professor of Corporate Governance and Business Innovation, University of Amsterdam Didier Guennoc, Research Director, EVCA
15.45-16.15	Break
16.15-18.00	Session 4: Regulating Innovation? Panel Chair: Marcel Canoy, BEPA, European Commission Annetje Ottow, First Council to the Commission of Opta and professor Economic Public Law at the Europe Institute, University Utrecht Cecilio Madero Villarejo, Director Information, Communication and Media, European Commission Steven Maijoor, Managing Director of the Netherlands Authority for the Financial Markets Misja Mikkers, Head of the Unit Economic Analysis and Public Health Advise, NZa Hendrik Jan de Ru, Professor of Constitutional and Administrative Law, Free University Amsterdam Catherine Waddams, Professor of Regulation, University of East Anglia
18.00-18.15	Closing
18.15	Drinks

Speakers

Carel Maske

Suzanne Scotchmer

Gustavo Ghidini

Mike Wright

Bill Megginson

Location
Tilburg University, Auditorium, (Map of main entrance).
Route description

Language
The meeting will be conducted in English.

Registration
It is not possible to register for the conference anymore.

Information
Further information about the conference may be sougth from the organizer:
TILEC (+31 (0)13 4668789)