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Internal Capital Markets, Cross-Subsidization and Product Market Competition

Cestone, Giacinta; Fumagalli, Chiara - C.E.P.R. Discussion Papers - 2001

This Paper analyses the interaction between internal capital market allocations and product market competition. It is argued that diversification and divestiture are both rational responses to anticipated changes in the competitive environment. Diversification is the optimal response to an...

Persistent link: https://www.econbiz.de/10005791317

The relation between competition and innovation -- Why is it such a mess?

Schmutzler, Armin - C.E.P.R. Discussion Papers - 2010

Using a general two-stage framework, this paper gives sufficient conditions for increasing competition to have negative or positive effects on R&D-investment, respectively. Both possibilities arise in plausible situations, even if one uses relatively narrow definitions of increasing competition....

Persistent link: https://www.econbiz.de/10008468679

Conflict Resolution, Public Goods and Patent Thickets

Harhoff, Dietmar; von Graevenitz, Georg; Wagner, Stefan - C.E.P.R. Discussion Papers - 2013

Post-grant validity challenges at patent offices rely on the private initiative of third parties to correct mistakes made by patent offices. We hypothesize that incentives to bring post-grant validity challenges are reduced when many firms benefit from revocation of a patent and when firms are...

Persistent link: https://www.econbiz.de/10011083866

Incidence and Growth of Patent Thickets - The Impact of Technological Opportunities and Complexity

Harhoff, Dietmar; von Graevenitz, Georg; Wagner, Stefan - C.E.P.R. Discussion Papers - 2008

We investigate incidence and evolution of patent thickets. Our empirical analysis is based on a theoretical model of patenting in complex and discrete technologies. The model captures how competition for patent portfolios and complementarity of patents affect patenting incentives. We show that...

Persistent link: https://www.econbiz.de/10005123536

Government Gains from Self-Restraint: A Bargaining Theory of Inefficient Redistribution Policies

Drazen, Allan; Limão, Nuno - C.E.P.R. Discussion Papers - 2003

We consider a bargaining model of the interaction between a government and interest groups in which, unlike existing models, neither side is assumed to have all the bargaining power. The government will then find it optimal to constrain itself in the use of transfer policies to improve its...

Persistent link: https://www.econbiz.de/10005504570

Bargaining with a Composite Player: An Application to the Uruguay Round of GATT Negotiations

Basevi, Giorgio; Delbono, Flavio; Mariotti, Marco - C.E.P.R. Discussion Papers - 1992

The paper analyses a situation in which negotiations take place between a party consisting of a single decision-maker and a party consisting of a group of two decision-makers. The latter, in setting its proposal to the opponent party, may act cooperatively or non-cooperatively within itself. The...

Persistent link: https://www.econbiz.de/10005123724

Strategic Supply Function Competition with Private Information

Vives, Xavier - C.E.P.R. Discussion Papers - 2008

A finite number of sellers (n) compete in schedules to supply an elastic demand. The costs of the sellers have uncertain common and private value components and there is no exogenous noise in the system. A Bayesian supply function equilibrium is characterized; the equilibrium is privately...

Persistent link: https://www.econbiz.de/10005789071

Undertakings and Antidumping Jumping FDI in Europe

Belderbos, Rene; Vandenbussche, Hylke; Veugelers, Reinhilde - C.E.P.R. Discussion Papers - 1999

This paper studies the effects of EU antidumping policy when foreign firms have the possibility to 'jump' antidumping measures by engaging in foreign direct investment (FDI) in the EU. Using a multi-stage framework, we study the EU administration's choice between an antidumping duty and a...

Persistent link: https://www.econbiz.de/10005791299

European Antidumping Policy and Firms' Strategic Choice of Quality

Vandenbussche, Hylke; Wauthy, Xavier - C.E.P.R. Discussion Papers - 2000

In this paper, we consider a European industry characterized by vertical product differentiation. Using a two-stage model with quality choice made before price competition takes place, we show that EU anti-dumping policy that takes the form of price-undertakings offers a powerful protection to...

Persistent link: https://www.econbiz.de/10005791460

Compatibility Standards and Strategic Trade Policy

Walz, Uwe; Woeckener, Bernd - C.E.P.R. Discussion Papers - 2003

that exhibits network effects for the world market. One of the firms is able to endogenously establish an installed base in … its domestic market. The firm's effort in that respect is reinforced by a production subsidy that covers the firm …'s domestic market. With the help of a three-country model we ask under which circumstances this local subsidy may be and actually …

Persistent link: https://www.econbiz.de/10005791513