Similar Search Results

Research among Copycats: R&D, Spillovers, and Feedback Strategies

Smrkolj, Grega; Wagener, Florian - Tinbergen Instituut - 2014

production at different times. We discern the impact of knowledge spillovers on the investments in existing markets, as well as … between spillovers, R&D efforts, and surpluses is non-monotonic and dependent on both the relative and absolute efficiency of … firms. Larger spillovers increase the likelihood that a new technology is brought to production, but they do not necessarily …

Persistent link: https://www.econbiz.de/10011265234

In Defense of Trusts: R&D Cooperation in Global Perspective

Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian - Tinbergen Instituut - 2013

We present a continuous-time generalization of the seminal R&D model of d’Aspremont and Jacquemin (American Economic Review, Vol. 78, No. 5) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product market...

Persistent link: https://www.econbiz.de/10011256291

On Mergers in Consumer Search Markets

Janssen, Maarten C.W.; Moraga-Gonzalez, Jose Luis - Tinbergen Instituut - 2007

We study mergers in a market where N firms sell a homogeneous good and consumers search sequentially to discover prices. The main motivation for such an analysis is that mergers generally affect market prices and thereby, in a search environment, the search behavior of consumers. Endogenous...

Persistent link: https://www.econbiz.de/10011255485

Search Costs, Demand-Side Economies and the Incentives to merge under Bertrand Competition

Moraga-Gonzalez, Jose L.; Petrikaite, Vaiva - Tinbergen Instituut - 2012

This paper studies the incentives to merge in a Bertrand competition model where firms sell differentiatedproducts and consumers search for satisfactory deals. In the pre-merger symmetricequilibrium, the probability that a firm is the next one to be visited by a consumer is equal acrossfirms not...

Persistent link: https://www.econbiz.de/10011255518

Cross-border Mergers and Acquisitions: On Revealed Comparative Advantage And Merger Waves

Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - Tinbergen Instituut - 2007

By combining two large data sets (on international trade flows and cross-border mergers and acquisitions – M&As), we test two implications of Neary’s (2003, 2007) general oligopolistic equilibrium (GOLE) model (incorporating strategic interaction between firms in a general equilibrium...

Persistent link: https://www.econbiz.de/10011255575

Oligopolistic Competition in Price and Quality

Dubovik, Andrei; Janssen, Maarten C.W. - Tinbergen Instituut - 2008

This discussion paper led to an article in Games and Economic Behavior (2012), pp. 120-138. We consider an oligopolistic market where firms compete in price and quality and where consumers are heterogeneous in knowledge: some consumers know both the prices and quality of the products offered,...

Persistent link: https://www.econbiz.de/10011255624

Tender Auctions with Existing Operators Bidding

Berg, Vincent A.C. van den - Tinbergen Instituut - 2013

Consider a government tendering a facility, such as an airport or utility, where one bidder owns a competing facility. With a "standard auction", this "existing operator" bids above the auctioned facility's expected profit, as winning means being a monopolist instead of a duopolist. This auction...

Persistent link: https://www.econbiz.de/10011255650

Going where the Ad leads you: On High Advertised Prices and Search where to buy

Janssen, Maarten C.W.; Non, Marielle C. - Tinbergen Instituut - 2006

The search literature assumes that consumers know which firms sell products they are looking for, but are unaware of the particular variety and the prices at which each firm sells. In this paper, we consider the situation where consumers are uncertain whether a firm carries the product at all by...

Persistent link: https://www.econbiz.de/10011255691

Adoption of Superior Technology in Markets with Heterogeneous Network Externalities and Price Competition

Janssen, Maarten C.W.; Mendys, Ewa - Tinbergen Instituut - 2000

In this paper we investigate whether markets with heterogeneous network externalities can belocked-in by old technologies even if superior technologies are available. Heterogeneous networkexternalities are present when some consumers care more about the size of the market share of agood than...

Persistent link: https://www.econbiz.de/10011255699

Advertising for Attention in a Consumer Search Model

Haan, Marco A.; Moraga-Gonzalez, Jose Luis - Tinbergen Instituut - 2009

We model the idea that when consumers search for products, they first visit the firm whose advertising is more salient. The gains a firm derives from being visited early increase in search costs, so equilibrium advertising increases as search costs rise. This may result in lower firm profits...

Persistent link: https://www.econbiz.de/10011255707

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