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Verifying High Quality : Entry for Sale
Norbäck, Pehr-Johan - 2020
-sale asymmetric information oligopoly model. We show that lowquality inventions are sold directly or used for entry. Inventors who …
Persistent link: https://www.econbiz.de/10012830529
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Buying to Sell: A Theory of Buyouts
Norbäck, Pehr-Johan; Persson, Lars; Tåg, Joacim - 2010
comparable firms. We develop a theory of buyouts in oligopolistic markets that explains these facts. Private equity firms are …
Persistent link: https://www.econbiz.de/10010320382
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The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists
Norbäck, Pehr-Johan; Persson, Lars - 2009
We construct a model where incumbents can either acquire basic innovations from entrepreneurs, or wait and acquire developed innovations from entrepreneurial firms supported by venture capitalists. We show that venture-backed entrepreneurial firms have an incentive to overinvest in development...
Persistent link: https://www.econbiz.de/10010320298