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Are ex ante and ex post licensing agreements useful instruments to lessen uncertainty in R&D?

Siebert, Ralph - 2013

In the last decades, technologies became more complex which increased the degree of uncertainty in R&D. To overcome the … uncertainty, firms frequently engage in R&D collaborations, e.g., Research Joint Ventures (RJVs), and licensing agreements. While … decision to engage in ex ante and ex post licensing is formulated with regard to uncertainty in R&D. While ex ante licensing …

Persistent link: https://www.econbiz.de/10010223406

Driven by the discount factor : impact of mergers on market performance in the semiconductor industry

Harris, Jeremiah; Siebert, Ralph - 2015

This study investigates the impact of firm-specific discount factors on merger formation and market performance. We estimate firm-specific discount factors for 228 publicly traded and privately held firms operating in the semiconductor market and apply a heterogeneous treatment effects model...

Persistent link: https://www.econbiz.de/10010479370

The impact of entry regulation on total welfare : a policy experiment

Liu, An-Hsiang; Siebert, Ralph; Zulehner, Christine - 2013

This paper evaluates how different lengths of entry regulation impact market structure and market performance using a dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms have the opportunity to...

Persistent link: https://www.econbiz.de/10009764443

The impact of horizontal mergers on market structure : evidence from the semiconductor industry

Siebert, Ralph - 2016

The U.S. and EU Merger Guidelines strongly emphasize the relevance of the "ease of entry" argument in merger evaluations. Up to now, very little is known empirically about how mergers affect entry and exit, and the resulting number of firms in the markets. We empirically test this aspect of...

Persistent link: https://www.econbiz.de/10011481190

The competitive effects of declining entry costs over time : evidence from the static random access memory market

Liu, An-Hsiang; Siebert, Ralph - 2020

We focus on the estimation of market entry costs that are declining over time and evaluate their impact on competition and market performance. We employ a dynamic oligopoly model in which firms make entry, exit, and production decisions in the presence of declining entry costs and learning by...

Persistent link: https://www.econbiz.de/10012287789

What should fiscal councils do?

Calmfors, Lars; Wren-Lewis, Simon - 2011

The paper analyses theoretically what role fiscal councils could play and surveys empirically the activities of existing councils. Case studies of the Swedish Fiscal Policy Council and the UK Office for Budget Responsibility are done. It is concluded that fiscal councils should be advisory,...

Persistent link: https://www.econbiz.de/10009011182

Proprietary public finance : on its emergence and evolution out of anarchy

Skaperdas, Stergios - 2011

finance, however, is comparatively scarce. I argue that proprietary rule emerges out of anarchy and its main alternative …

Persistent link: https://www.econbiz.de/10009153844

The impact of changes in second pension pillars on public finances in central and Eastern Europe

Égert, Balázs - 2012

This paper studies the impact of recent changes in second pension pillars of three Central and Eastern European Countries. The paper seeks to answer the following questions: i) what is the impact on the sustainability of Poland's pension system of the decrease in the pension contribution going...

Persistent link: https://www.econbiz.de/10009533961

The Swedish fiscal policy council : watchdog with a broad remit

Calmfors, Lars - 2012

The Swedish Fiscal Policy Council (FPC) set up in 2007 is one example of the recent international trend to create independent fiscal watchdogs. The FPC has established itself as an important participant in the Swedish economic policy discussion. The FPC has small resources and a broad remit...

Persistent link: https://www.econbiz.de/10009488889

Aging, social security design, and capital accumulation

Dedry, Antoine; Onder, Harun; Pestieau, Pierre - 2015

This paper analyzes the impact of aging on capital accumulation and welfare in a country with a sizable unfunded social security system. Using a two-period overlapping generation model with potentially endogenous retirement decisions, the paper shows that the type of aging, i.e. declining...

Persistent link: https://www.econbiz.de/10011392492

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