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This paper compares Bertrand and Cournot equilibria in a horizontallydifferentiated duopoly market with non-tournament …
Persistent link: https://www.econbiz.de/10005868906
This paper shows that the possibility of licensing can significantly alter theeffects of entry on social welfare. We find that while licensing with output royaltyalways raises welfare due to entry, licensing with up-front fixed-fee reduces thepossibility of lower welfare compared to a situation...
Persistent link: https://www.econbiz.de/10005868907