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Quadratic costs, innovation and welfare : the role of technology

Marjit, Sugata; Mishra, Suryaprakash - 2020

interaction we attempt to capture and explain is the one of technology with the possibility of innovation via the intensity of … later stages of innovation) curtailed, to encourage innovation and thus welfare, as a suitable policy measure. Thus, entry …In a Cournot oligopoly set up with constant marginal cost and linear demand, innovation is rewarding. In this paper we …

Persistent link: https://www.econbiz.de/10012263851

Dynamic mergers effects on R&D investments and drug development across research phases in the pharmaceutical industry

Siebert, Ralph; Tian, Zhili - 2020

technology in late stages of the development process (Phases 3 clinical testing and regulatory ﬁling). Our study provide …

Persistent link: https://www.econbiz.de/10012219372

Supplier encroachment with mutual outsourcing

Milliou, Chrysovalantou; Serfes, Konstantinos - 2023

We examine the incentives and implications of supplier encroachment, when final good produc-tion requires the use of multiple complementary inputs and the entry of a supplier into the final good market gives rise to mutual outsourcing of inputs between the encroaching supplier and the incumbent....

Persistent link: https://www.econbiz.de/10014306725

Why firms should care for all consumers

Planer-Friedrich, Lisa; Sahm, Marco - 2015

We compare the strategic potential of Corporate Social Responsibility and Customer Orientation as commitments to larger quantities in Cournot competition. In addition to profits, firms can choose to care for the surplus of either all consumers (CSR) or their own customers only (CO), and if so,...

Persistent link: https://www.econbiz.de/10011387393

Oligopoly, macroeconomic performance, and competition policy

Azar, José; Vives, Xavier - 2018

We develop a macroeconomic framework in which firms are large and have market power with respect to both products and labor. Each firm maximizes a share-weighted average of shareholder utilities, which makes the equilibrium independent of price normalization. In a one-sector economy, if returns...

Persistent link: https://www.econbiz.de/10011891742

Strategic Corporate Social Responsibility

Planer-Friedrich, Lisa; Sahm, Marco - 2017 - This version: May 29, 2017

We examine the strategic use of Corporate Social Responsibility (CSR) in imperfectly competitive markets. The level of CSR determines the weight a firm puts on consumer surplus in its objective function before it decides upon supply. First, we consider symmetric Cournot competition and show that...

Persistent link: https://www.econbiz.de/10011659485

Profitable horizontal mergers without cost advantages : the role of internal organization, information, and market structure

Huck, Steffen; Konrad, Kai A.; Müller, Wieland - 2001

and welfare-improving even if costs are linear. The driving force behind these results, which help to reconcile theory …

Persistent link: https://www.econbiz.de/10011398061

Policy innovations, political preferences, and cartel prosecutions

Ghosal, Vivek; Sokol, D. Daniel - 2015

policy priorities and a search for the optimal enforcement design to curtail one of the clearest sources of welfare loss …

Persistent link: https://www.econbiz.de/10011346282

Dynamic entry in vertically differentiated markets

Auer, Raphael A.; Sauré, Philip - 2016

We develop a model of vertical innovation in which firms incur a market entry cost and choose a unique level of quality …

Persistent link: https://www.econbiz.de/10011547909

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

Siebert, Ralph - 2016

-level information on mergers, production, and innovation in the dynamic random access memory semiconductor market from 1985 to 2004. Our …

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

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