Showing 1 - 10 of 44
, the monopolist compares the potential direct revenues from consumers with lost advertising revenues from not … intermediating those consumers to advertisers. If the option is introduced, the media firm increases advertising quantity to make the … or decrease. Perhaps surprisingly, more annoying advertisements may lead to an increase in advertising quantity. …
Persistent link: https://www.econbiz.de/10005025456
providers of contents incentives to invest in higher quality and, as a result, force competitors to reduce their prices …
Persistent link: https://www.econbiz.de/10005419550
that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market … destruction by increasing the entrepreneurial effort allocated to high-quality invention projects. Using detailed data on patents … granted to small firms and individuals, we find evidence that high-quality inventions are often sold, and that they are sold …
Persistent link: https://www.econbiz.de/10004964394
This paper analyses simultaneous regulation of cost and quality when firms have private, correlated information about … productivity and the regulator receives a signal about quality. It is shown that managerial effort and expenditures on quality are … positively correlated in the optimal contract. The higher is firm productivity the more should the firm spend on quality …
Persistent link: https://www.econbiz.de/10005419539
Entrepreneurs face higher commercialization costs than incumbents. We show that this implies that entrepreneurs will choose more risky projects than incumbents, aiming to reduce their high expected marginal commercialization cost. However, entrepreneurs may select too safe projects from a social...
Persistent link: https://www.econbiz.de/10010818447
indicates that public sector outsourcing generally reduces costs without hurting quality. This is clearly the case for …
Persistent link: https://www.econbiz.de/10009147384
if there are any third factors (quality of the patent) that affect the commercialization and renewal decisions. Using a … renewed, but also that quality influences commercialization and renewal decisions. When controlling for endogenous … the quality of the patent, if the owner decides to commercialize the patent on the margin, this leads to longer survival …
Persistent link: https://www.econbiz.de/10008835095
This paper examines the evolution of a skew distribution of firm sizes from the viewpoit of the "Bounds" approach to market structure. It confines attention to the role played by non-strategic factors (statistical independence, and cost side eddects). A model is proposed, which leads toa...
Persistent link: https://www.econbiz.de/10005639299
This paper examines the evolution of a skew distribution of firm sizes from the viewpoint of the 'Bounds' approach to market structure. It confines attention to the role played by non-strategic factors (statistical independence, and cost side effects). A model is proposed, which leads to a...
Persistent link: https://www.econbiz.de/10010818311
Why do so many high-priced acquisitions of entrepreneurial firms take place in network industries? We develop a theory of commercialization (entry or sale) in network industries showing that high equilibrium acquisition prices are driven by the incumbents' desire to prevent rivals from acquiring...
Persistent link: https://www.econbiz.de/10008919575