Joshua Gans presented his new book, “The Disruption Dilemma“, at a seminar organized jointly by Hogan Lovells, and the Innovation and Regulation Chair of Telecom ParisTech and the Ecole Polytechnique. Gans was joined in the debate by Nicolas Curien, Professor of Economics and Commissioner at France’s audiovisual regulatory authority (CSA), Eric Paroche, competition partner at Hogan Lovells, and Marc Bourreau, Professor of Economics at Telecom ParisTech. What is disruption, and what makes a firm “disruptive”? Gans describes why incumbent firms may not propose a new disruptive technology to its customers because the technology will often be a “poor performer” compared to existing technology, at least at the beginning. Professor Bourreau describes how the music industry dealt with disruption; Professor Gans and Eric Paroche debate how antitrust law should take disruption into account. Professor Gans addresses autonomous vehicles; Professor Curien addresses the role of the regulator.
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