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Duopoly dynamics with a barrier to entry
Abbring, Jaap H.; Campbell, Jeffrey R. - 2007
This paper considers the effects of raising the cost of entry for a potential competitor on infinite-horizon Markov-perfect duopoly dynamics with ongoing demand uncertainty. All entrants serving the model industry incur sunk costs, and exit avoids future fixed costs. We focus on the unique...
Persistent link: https://www.econbiz.de/10011372510
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Network asymmetries and access pricing in cellular telecommunications
Kocsis, Viktória - 2005
give rise to new questions of access fee regulation. In this paper we consider a model with two types of asymmetry arising …
Persistent link: https://www.econbiz.de/10011346476
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Competition and entry in banking : implications for stability and capital regulation
Boot, Arnoud W. A.; Marinč, Matej - 2006
We assess the influence of competition and capital regulation on the stability of the banking system. We particularly … ask two questions: i) how does capital regulation affect (endogenous) entry; and ii) how do (exogenous) changes in the … competitive environment affect bank monitoring choices and the effectiveness of capital regulation? Our approach deviates from the …
Persistent link: https://www.econbiz.de/10011348715
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Firm-specific information and explicit collusion in experimental oligopolies
Gomez-Martin, Francisco; Onderstal, Sander; Sonnemans, Joep - 2015
We experimentally study the effect of information about competitors ́actions on cartel stability and firms ́incentives to form cartels in Cournot markets. As in previous experiments, markets become very competitive when individualized information is available and participants cannot...
Persistent link: https://www.econbiz.de/10010532614
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Cooperation in the classroom : experimenting with R&D cooperatives
Sovinsky, Michelle; Hinloopen, Jeroen - 2006 - Revised September 2006
This paper describes a classroom experiment that illustrates the research and development investment incentives facing firms when technological spillovers are present. The game involves two stages in which student sellers first make investment decisions then production decisions. The classroom...
Persistent link: https://www.econbiz.de/10011349721
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R&D cooperatives and market collusion : a global dynamic approach
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian … - 2016
We present a continuous-time generalization of the seminal R&D model of d'Aspremont and Jacquemin (American Economic Review, 1988) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product market collusion. We...
Persistent link: https://www.econbiz.de/10011520481
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How do start-up acquisitions affect the direction of innovation?
Dijk, Esmée S. R.; Moraga-González, José Luis; … - 2021
A start-up engages in an investment portfolio problem by choosing how much to invest in a "rival" project, which threatens the position of an existing incumbent, and a "non-rival" project. Anticipating its acquisition by the incumbent, the start-up strategically distorts its portfolio of...
Persistent link: https://www.econbiz.de/10012591323
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In defense of trusts : R&D cooperation in global perspective
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian … - 2013
Persistent link: https://www.econbiz.de/10010191415
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R&D cooperatives and market collusion : a global dynamic approach
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian … - 2017
We present a continuous-time generalization of the seminal R&D model of d'Aspremont and Jacquemin (The American Economic Review 78(5): 1133-1137, 1988) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product market...
Persistent link: https://www.econbiz.de/10011602548
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Start-up acquisitions and the entrant's and incumbent's innovation portfolios
Dijk, Esmée S. R.; Moraga-González, José Luis; … - 2023 - First draft: July 2023
show conditions under which the incumbent, anticipating the rents that accrue from the monopolization of the rival market …
Persistent link: https://www.econbiz.de/10014335535