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One-Way Compatibility, Two-Way Compatibility and Entry in Network Industries
Manenti, Fabio M.; Somma, Ernesto - EconWPA - 2002
specifications, full incompatibility and preemption are again observed at the equilibrium. With incompatibility, entry deterrence …
Persistent link: https://www.econbiz.de/10005134422
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Licensing in a Vertically Separated Industry
Mukherjee, Arijit - EconWPA - 2002
The literature on technology licensing has ignored the importance of market power of the input supplier. In this paper we examine the impact of licensing in the downstream industry when the firms in the upstream industry have market power. We show that licensing in the downstream industry can...
Persistent link: https://www.econbiz.de/10005134560
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Opportunity Costs, Competition, and Firm Selection
Atallah, Gamal - EconWPA - 2002
the context of the effect of entry on firm selection in a Cournot setting. It is found that inefficient firms are more …
Persistent link: https://www.econbiz.de/10005561413
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The Competitive Effects of Price-Floors
Bhaskar, V.; UK, Andrews KY16 9AL - EconWPA - 1996
We analyze the effects of a legally-binding price floor using Hotelling's model of locational competition. A moderate price-floor destroys the maximal differentiation equilibrium of d'Aspremont et. al., by allowing firms to compete more aggressively for market share. Minimum differentiation...
Persistent link: https://www.econbiz.de/10005134523
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Capacity Commitment and Licensing
Mukherjee, Arijit - EconWPA - 2002
The theoretical literature on industrial organization has been argued that firms hold excess capacity to deter entry … hold excess capacity not for entry deterrence but for getting higher benefit from other business strategy such as licensing …
Persistent link: https://www.econbiz.de/10005134504
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Advantageous or Disadvantageous Semi-collusion Licensing in a Vertically Separated Industry
Mukherjee, Arijit - EconWPA - 2002
This paper compares profits and consumer surplus under non-cooperation and collusion in the product market when the firms have the option for R&D before production. We show that whether R&D investment would be higher under non-cooperation or product market collusion depends on the R\&D...
Persistent link: https://www.econbiz.de/10005412980
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Network Externalities, Complementarities, and Invitations to Enter
Economides, Nicholas - EconWPA - 1997
, if the network effect is sufficiently strong, a quantity leader has an incentive to invite entry and license his … network externality and will invite entry. In markets with very strong network externalities, the leader pays a subsidy to the … invited followers. We also show that the results hold under uncertainty, and when the post-entry competition is Cournot. …
Persistent link: https://www.econbiz.de/10005561463
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Manipulated, Misled, Ignored, Abused: Residential Consumer Experience with Electric Deregulation in the United Kingdom
Jewell, Kevin - EconWPA - 2004
The United Kingdom began deregulating its electric market years before the U.S. Thus, the UK provides the best example of what can be expected in the deregulated residential retail electric market in the United States. . An extensive review of the evidence found: Questionable price savings:...
Persistent link: https://www.econbiz.de/10005076594
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Innovation, Licensing and Welfare
Mukherjee, Arijit - EconWPA - 2002
This paper examines how the option for licensing affects research and development (R&D) and social welfare. We find that if cost reduction from R&D is sufficiently small and there is an option of licensing, firms will do non-cooperative R&D. In absence of licensing, firms will do cooperative R&D...
Persistent link: https://www.econbiz.de/10005076856
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Screening markets for cartel detection - collusive marker in the CFD cartel-audit
Lorenz, Christian - EconWPA - 2005
Coordination Failure Diagnostics (CFD) is a model that analyses real market processes with the help of time pattern analysis and investigates whether they operate efficiently (See www.wiwi.uni-muenster.de/cfd). The CFD cartel-audit should enable the detection of cartels via characteristic market...
Persistent link: https://www.econbiz.de/10005076883