We are now in the midst of a prolonged pandemic with no end in sight. Not only has this pandemic led to a deep economic recession, but it is dramatically changing the economic landscape. As an economist, I foresee major transformations of business models in various industries because of COVID-19. A key reason for this…
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The Changing Competitive Landscape Due to COVID-19: The Impact on the Retail Sector
The now prolonged COVID-19 pandemic is hitting the U.S. and global economy hard. U.S. GDP in the second quarter of this year fell a whopping 9.5%! And the unemployment rate remains above 10%, though it has improved in recent months. While the economy has recently been improving, the prospect of a prolonged pandemic raises serious…
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The Economic Impact of COVID-19: The Plight of Small Businesses
COVID-19 is dramatically changing the economic landscape. Some industries are faring well while others are being devastated by the pandemic. Businesses are rapidly adapting to the demands and peculiarities of living within the constraints of a pandemic. Of particular concern to me is the plight of small businesses. In many ways, small businesses are the…
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Facing Hard Economic Choices Amidst the Coronavirus
We are living through very challenging and uncertain economic times, amidst the spread of the coronavirus. Millions of people have filed for unemployment benefits. Entire sectors of our economy such as travel, hospitality, entertainment, restaurants, and retail, are largely shut down. We are challenging the limits of our healthcare system. For those of us who…
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Pay For Delay Debate Post Actavis Decision
Since the Supreme Court’s decision in Actavis (2013), there have been many “pay for delay” class action suits with a wide variety of legal outcomes. Given the emphasis in the Actavis decision on the size of the reverse payment, many Court decisions in this area have involved how to evaluate the relationship between the type…