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Monopolistic competition and optimum product selection: why and how heterogeneity matters

Nocco, Antonella; Ottaviano, Gianmarco I. P.; Salto, Matteo - London School of Economics (LSE) - 2013

After some decades of relative oblivion, the interest in the optimality properties of monopolistic competition has recently re-emerged due to the availability of an appropriate and parsimonious framework to deal with firm heterogeneity. Within this framework we show that non-separable utility,...

Persistent link: https://www.econbiz.de/10010745985

Interoperability and market foreclosure in the European Microsoft case

Kuhn, Kai Uwe; Van Reenen, John - London School of Economics (LSE) - 2008

In this paper we discuss some of the most important economic issues raised in European Commission vs. Microsoft (2004) concerning the market for work group servers. In our view, the most important economic issues relate to (a) foreclosure incentives and (b) innovation effects of the proposed...

Persistent link: https://www.econbiz.de/10010746007

Is there a market for work group servers? Evaluating market level demand elasticities using micro and macro models

Van Reenen, John - London School of Economics (LSE) - 2004

This paper contains an empirical analysis demand for “work-group” (or low-end) servers. Servers are at the centre of many US and EU anti-trust debates, including the Hewlett-Packard/Compaq merger and investigations into the activities of Microsoft. One question in these policy decisions is...

Persistent link: https://www.econbiz.de/10011071318

The growth of network computing : quality adjusted price changes for network servers

Van Reenen, John - London School of Economics (LSE) - 2005

In this paper we investigate the evolution of quality adjusted prices for servers motivated by two facts. First, the productivity acceleration in the US economy since the mid 1990s is closely linked to spread of information technology of which networked computing is a large component. Second,...

Persistent link: https://www.econbiz.de/10011071546

Inferring conduct under the threat of entry: the case of the Brazilian cement industry

Salvo, Alberto - London School of Economics (LSE) - 2004

-entry prices, cost and conduct are not identified from the comparative statics of equilibrium. In such a setting, the identifying … alternative hypotheses of conduct is shown to fail. The Brazilian cement industry, where the threat of imports restrains market … considerably biased downward, underestimating the degree of market power. A test of conduct is proposed, adapted to this …

Persistent link: https://www.econbiz.de/10010746001

The Security Dimensions of a Cyprus Solution

Ker-Lindsay, James - London School of Economics (LSE) - 2008

As a new round of talks to reunify Cyprus continues, there is a real sense that a solution might at long last be possible. Significantly, there also seems to be a desire by the two sides to reach their own settlement with minimal external input. However, while most issues can be dealt with at a...

Persistent link: https://www.econbiz.de/10005797591

Underinvestment and market structure

Nocke, Volker - London School of Economics (LSE) - 1998

This paper analyses a dynamic game of investment in R&D or advertising, where current investments change future market conditions. It investigates whether underinvestment can be supported in equilibrium by the threat of escalation in investment outlays. When there are no spillovers, or there is...

Persistent link: https://www.econbiz.de/10010745545

Gibrat's legacy

Sutton, John - London School of Economics (LSE) - 1996

This paper traces the time series (?Growth of Firms?) tradition in the study of market structure and looks at how recent studies on entry and the size distribution of firms have modified thinking in this area.

Persistent link: https://www.econbiz.de/10011071531

Co-opetition and prelaunch in standard-setting for developing technologies

Kretschmer, Tobias; Muehlfeld, Katrin - London School of Economics (LSE) - 2006

Firms faced with the decision of whether to standardize or not prior to introducing a new network technology face a tradeoff: Compatibility improves the technology’s chances of consumer acceptance, but it also means having to share the resulting profits with other sponsors of the standard. In...

Persistent link: https://www.econbiz.de/10010745237

Broad cross-license agreements and persuasive patent litigation: theory and evidence from the semiconductor industry

Galasso, Alberto - London School of Economics (LSE) - 2007

In many industries broad cross-license agreements are considered a useful method to obtain freedom to operate and to avoid patent litigation. In this paper I study the previously neglected dynamic trade-off between litigating and cross-licensing that firms face to protect their intellectual...

Persistent link: https://www.econbiz.de/10010746461