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the dual roles price controls and compulsory licensing play in determining Southern access to a patented Northern product … licensing) while the South determines the price control and whether to issue a compulsory license. The threat of compulsory … licensing benefits the South and also increases global welfare when the North-South technology gap is significant. The price …
Persistent link: https://www.econbiz.de/10010875554
generating international price discrimination -- the South's most preferred market outcome -- as the equilibrium. When demand …
Persistent link: https://www.econbiz.de/10009320357
the dual roles price controls and compulsory licensing play in determining Southern access to a patented Northern product … licensing) while the South determines the price control and whether to issue a compulsory license. The threat of compulsory … licensing benefits the South and also increases global welfare when the North-South technology gap is significant. The price …
Persistent link: https://www.econbiz.de/10010550749
the dual roles price controls and compulsory licensing play in determining Southern access to a patented Northern product … licensing) while the South determines the price control and whether to issue a compulsory license. The threat of compulsory … licensing benefits the South and also increases global welfare when the North-South technology gap is significant. The price …
Persistent link: https://www.econbiz.de/10010603816
vertical quality (e.g., consumer satisfaction) that is signaled via price softens price competition, and that imperfect …We examine the interplay of imperfect competition and incomplete information in the context of price competition among … do). We show that low-quality firms always prefer playing the incomplete information game to the full-information analog …
Persistent link: https://www.econbiz.de/10005459269
Firms communicate product quality attributes to consumers through a variety of channels, such as pricing, advertising … such communication is that it takes on one of two alternative forms when quality is exogenous: 1) disclosure of quality … through a credible direct claim; 2) signaling of quality via producer actions that influence buyersÕ beliefs about quality. In …
Persistent link: https://www.econbiz.de/10005752756
sale; alternatively, if a firm does not disclose its safety then consumers can attempt to infer its safety from the price …
Persistent link: https://www.econbiz.de/10005595892
How does the need to signal quality through price affect equilibrium pricing and profits, when a firm faces a similarly …'s price reveals its respective product quality. We focus mainly on a model in which the quality attribute is safety (so that … private information about its own product's quality. We characterize a symmetric separating equilibrium in which each firm …
Persistent link: https://www.econbiz.de/10005595920