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The Consortium Standard and Patent Pools

Aoki, Reiko; Nagaoka, Sadao - Econometric Society - 2004

We examine patent pools in the context of a consortium standard. Although such pools of complementary technologies are approved by antitrust authorities, the actual implementation has proved to be problematic. We identify two possible obstacles: free riding and bargaining failure. We also...

Persistent link: https://www.econbiz.de/10005702749

Experimental Analysis of the Reputational Incentives in a Self Regulated Organization

José Luis Lima R.; Javier Nuñez E. - Econometric Society - 2004

Self regulation is a mechanism of quality vigilance that is frequently used in credence good industries. The providers in these markets generally form a Self Regulated Organization (SRO), composed by some members of the industry, whose main job is to convince consumers through an active...

Persistent link: https://www.econbiz.de/10005129771

Strategic Maneuvering and Standardization: Critical Advantage or Critical Mass?

Park, Sangin - Econometric Society - 2004

It is widely speculated that the adoption of a technology takes off to be self-sustaining if it reaches the critical mass. However, the sponsors of competing technologies may engage in strategic maneuvering in the adoption process. Indeed, this paper shows that in the de facto standardization...

Persistent link: https://www.econbiz.de/10005130243

Intertemporal Quality Discrimination

Chi, Woody Chih-yi - Econometric Society - 2004

New technology is usually expensive and it takes time for manufacturers to make the technology more accessible. In the stereo industry, the first Super Audio Compact Disk (SACD) player made by Sony, SCD-1, sold for $5,000 in 1999; in 2002 the cheapest of Sony's new SACD players, SCD-CE775, had a...

Persistent link: https://www.econbiz.de/10005342349

Conflicts of Interest and Credible Information Provision by Specialized and One-Stop Banks

Shapiro, Joel; Bolton, Patrick; Freixas, Xavier - Econometric Society - 2004

This paper is concerned with the general question of the provision of information by financial intermediaries to their customers. Specifically, it analyzes the different ways the market can be organized and its effects on pricing and the level of information investors obtain. We find that market...

Persistent link: https://www.econbiz.de/10005328965

Ordinal Cheap Talk in Common Value Auctions

Chakraborty, Archishman; Gupta, Nandini - Econometric Society - 2004

Sellers benefit on average from revealing information about their goods to buyers, but the incentive to exaggerate undermines the credibility of seller statements. When multiple goods are being auctioned, we show that ordinal cheap talk, which reveals a complete or partial ordering of the...

Persistent link: https://www.econbiz.de/10005328976

Durable Goods Monopoly with Quality Improvements over Time

Biglaiser, Gary; Anton, James J. - Econometric Society - 2004

We examine a dynamic, durable goods model. A monopolist faces two types of consumers who value the monopolist’s goods differently. The quality of the good improves over time and an improvement is only valuable to consumers if they have previous improvements. In each period, the monopolist can...

Persistent link: https://www.econbiz.de/10005328983

Can Business and Social Networks Explain the Border Effect Puzzle?

Mayer, Thierry; Combes, Pierre-Philippe; Lafourcade, Miren - Econometric Society - 2004

business and social networks can play in shaping trade patterns and explaining the border effect puzzle. Using a structural … place (social networks) and by inter-plants connections (business networks). In addition, controlling for these network … effects reduces the impact of transport cost on trade flows by a comparable factor. Thus, business and social networks that …

Persistent link: https://www.econbiz.de/10005129811

Networks of Relations

Spagnolo, Giancarlo; Lippert, Steffen - Econometric Society - 2004

In this paper, we model networks of relational contracts. We explore sanctioning power within these networks under … other network members. We identify conditions for stability of such networks, conditions for transmission of information …

Persistent link: https://www.econbiz.de/10005329020

Exit Option in Hierarchical Agency

Kim, Doyoung; Lawarree, Jacques; Shin, Dongsoo - Econometric Society - 2004

We explain why organizations that limit the voice of their agents can benefit from granting them an exit option. We study a hierarchy with a principal, a productive supervisor and an agent. Communication is imperfect in that only the supervisor can communicate with the principal, while the agent...

Persistent link: https://www.econbiz.de/10005129818