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A Brief Survey of the Economics of Open Source Software

Fershtman, Chaim; Gandal, Neil - C.E.P.R. Discussion Papers - 2011

The open source model is a form of software development in which the source code is made available, free of charge, to all interested parties; further users have the right to modify and extend the program. Open source software (OSS) methods rely on developers who reveal the source code under an...

Persistent link: https://www.econbiz.de/10009148876

Competition in the Cryptocurrency Market

Gandal, Neil; Halaburda, Hanna - C.E.P.R. Discussion Papers - 2014

We analyze how network effects affect competition in the nascent cryptocurrency market. We do so by examining the changes over time in exchange rate data among cryptocurrencies. Specifically, we look at two aspects: (1) competition among different currencies, and (2) competition among exchanges...

Persistent link: https://www.econbiz.de/10011084460

Microstructure of Collaboration: The 'Social Network' of Open Source Software

Fershtman, Chaim; Gandal, Neil - C.E.P.R. Discussion Papers - 2008

The open source model is a form of software development with source code that is typically made available to all interested parties. At the core of this process is a decentralized production process: open source software development is done by a network of unpaid software developers. Using data...

Persistent link: https://www.econbiz.de/10005662205

Trade Secret Laws, Labour Mobility and Innovations

Motta, Massimo; Rønde, Thomas - C.E.P.R. Discussion Papers - 2002

We show that when the researcher’s (observable but not contractible) contribution to innovation is crucial, a covenant …

Persistent link: https://www.econbiz.de/10005504700

And the Winner Is--Acquired: Entrepreneurship as a Contest with Acquisition as the Prize

Henkel, Joachim; Rønde, Thomas; Wagner, Marcus - C.E.P.R. Discussion Papers - 2010

paper, we analyze a two-stage innovation game between one incumbent and a large number of entrants. In the first stage … innovation. In the second stage, successful entrants bid to be acquired by the incumbent. We assume that entrants cannot survive …&D approaches than the incumbent and are more likely to generate the highest value innovation. Thus, the need of entrants to be …

Persistent link: https://www.econbiz.de/10008784763

Internet Security, Vulnerability Disclosure and Software Provision

Choi, Jay-Pil; Fershtman, Chaim; Gandal, Neil - C.E.P.R. Discussion Papers - 2005

In this paper, we examine how software vulnerabilities affect firms that license software and consumers that purchase software. In particular, we model three decisions of the firm: (i) an upfront investment in the quality of the software to reduce potential vulnerabilities; (ii) a policy...

Persistent link: https://www.econbiz.de/10005792060

Labour Pooling in R&D Intensive Industries

Gerlach, Heiko A.; Rønde, Thomas; Stahl, Konrad - C.E.P.R. Discussion Papers - 2005

more likely in situations where the innovation step is large and the probability for a firm to be the only innovator is …

Persistent link: https://www.econbiz.de/10005067450

Market and Technical Risk in R&D

Gerlach, Heiko A.; Rønde, Thomas; Stahl, Konrad - C.E.P.R. Discussion Papers - 2002

We endogenize the market risk (at given technical risk) in firms’ R&D decisions by introducing stochastic R&D in the Hotelling model. It is shown that if the technical risk is sufficiently high, the market risk remains low even if firms pursue similar projects. This leads firms to focus on the...

Persistent link: https://www.econbiz.de/10005504272

High-Tech Clusters, Technology Spillovers and Trade Secret Laws

Fosfuri, Andrea; Rønde, Thomas - C.E.P.R. Discussion Papers - 2003

simple model of cumulative innovation is presented where technology spillovers arise endogenously through labour mobility. It … to develop an innovation is neither very high nor very low. Trade secret protection based on punitive damages is, except …

Persistent link: https://www.econbiz.de/10005666513