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Since the early 1750's economists have elaborate two approaches in order to deal with economic history: a stage theory and a theory of continuing, quantitative growth. J. Schumpeter argued forcibly in favour of the development approach while N. Georgescu-Roegen endorsed the Schumpeterian...
Persistent link: https://www.econbiz.de/10010898662
exclusionary right given to an inventor to encourage innovation, and the welfare loss induced by the market power associated to … and competition on the product market, the technology market, and the innovation market. The first distortion is related … in the context of an isolated innovation, is not quite adapted to the context of sequential innovations. While sequential …
Persistent link: https://www.econbiz.de/10010751030
Council Regulation (EC) 1/2003 came into force in May 2004 and replaced the mandatory notification of agreements by a regime of ex post monitoring. This paper shows that ex post monitoring is the optimal audit regime when the competition authority's probability of error is low. On the other...
Persistent link: https://www.econbiz.de/10010820666
We consider an oligopolistic industry including leveraged firms and unleveraged ones where firms are engaged in a sequential decision-making process. At the first stage of the game, a firm and her bank, considering the demand uncertainty and the distribution probability of the shock, evaluate a...
Persistent link: https://www.econbiz.de/10010821178
. In this paper we analyze their consequences on the speed of the innovation process. We adopt an ex ante perspective and …
Persistent link: https://www.econbiz.de/10008789240
This paper investigates the rationales of exclusive dealing (ED), which is one of the most common forms of vertical restraint and attracts intense policy debates in anti-trust regulations. Based on a survey of the theoretical literature, we derive several hypotheses relative to the anti- and...
Persistent link: https://www.econbiz.de/10010899752
We study rationalizable solutions in a linear asymmetric Cournot oligopoly. We show that symmetry across firms favors multiplicity of rationalizable solutions: A merger (implying a greater asymmetry across firms) makes out-of-equilibrium behavior less likely and should dampen &lquo;coordination&rquo;...
Persistent link: https://www.econbiz.de/10011025972
exclusionary right given to an inventor to encourage innovation, and the welfare loss induced by the market power associated to … and competition on the product market, the technology market, and the innovation market. The first distortion is related … in the context of an isolated innovation, is not quite adapted to the context of sequential innovations. While sequential …
Persistent link: https://www.econbiz.de/10011025982
Climate change mitigation requires to replace preexisting carbon-intensive capital with different types of cleaner capital. Coal power and inefficient thermal engines may be phased out by gas power and efficient thermal engines or by renewable power and electric vehicles. We derive the optimal...
Persistent link: https://www.econbiz.de/10010739038
The "Geography of Innovation" is based on the desire to give empirical foundations to the explanations behind the … pronounced spatial polarisation of the innovation activities. It focuses on an attempt to measure the spatial dimension of … survey this empirical literature in order to highlight the main results interesting for the innovation policy. This analysis …
Persistent link: https://www.econbiz.de/10008794245