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We investigate whether having a unique equilibrium (or a given number of equilibria) is robust to perturbation of the payoffs, both for Nash equilibrium and correlated equilibrium. We show that the set of n-player finite games with a unique correlated equilibrium is open, while this is not true...
Persistent link: https://www.econbiz.de/10010905147
international licensing agreements developed with the French Patent office (INPI). As a main result, we highlight a stronger …
Persistent link: https://www.econbiz.de/10010726833
To protect intellectual property (IP), organizations use different kinds of mechanisms such as patent, secret or trade … secret (Hannah, 2005; 2007). Patent grants to the holder a temporary monopoly position including the right to sue for … in the industry and that the firm makes an effort to protect” (Fosfuri and Rønde, 2004: 46). Unlike patent relies on …
Persistent link: https://www.econbiz.de/10011074006
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This note explores the interaction between trade integration and asymmetric choices of technology adoption. It seeks to bring micro foundations of Örm heterogeneity into an open-economy model. By so doing, the analysis shows the complementarity between an imperfect competition framework of...
Persistent link: https://www.econbiz.de/10011072737
During the last half-century, the evolution of educational attainment among Malaysians has been spectacular, and current enrollment rates suggest this progression will continue, albeit at a slower pace. Such a transformation of the educational attainment of labor should bring about macroeconomic...
Persistent link: https://www.econbiz.de/10011193768
Questioning about game theory as an institutionalism theory could seem unsound at first glance. In game theory, the very basic concept of players’ strategies is quite individualistic and really independent on any social constraint and other institutional consideration. On another hand, the...
Persistent link: https://www.econbiz.de/10010706585
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We examine the consequences on impairment testing disclosures of auditor-pair choice made by French listed companies where two (joint) auditors are required by law. Managers are likely to manipulate impairment-testing disclosures since it relies on unverifiable fair value estimates (e.g.,...
Persistent link: https://www.econbiz.de/10010706659