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Knowledge diffusion under patent with asymmetric firms
Mukherjee, Arijit; Sinha, Uday Bhanu - In: Economics Bulletin 12 (2007) 9, pp. 1-6
We show that if patent protection and trade secrecy generate asymmetric market structure, an innovator may prefer … patent protection than trade secrecy even if the diffusion probability is higher under the former but it increases market … concentration by preventing some imitators. So, whether an innovator prefers patent protection or trade secrecy depends on the trade …
Persistent link: https://www.econbiz.de/10005094884
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Knowledge diffusion under patent with asymmetric firms
Mukherjee, Arijit; Sinha, Uday Bhanu - In: Economics Bulletin 12 (2007) 9, pp. 1-6
We show that if patent protection and trade secrecy generate asymmetric market structure, an innovator may prefer … patent protection than trade secrecy even if the diffusion probability is higher under the former but it increases market … concentration by preventing some imitators. So, whether an innovator prefers patent protection or trade secrecy depends on the trade …
Persistent link: https://www.econbiz.de/10010629443
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Patent licensing and research exemption
Kesavayuth, Dusanee - In: Economics Bulletin 29 (2009) 2, pp. 944-956
initial patent can occur either before or after the R&D investment of the follow-on invention. The possibility of licensing …
Persistent link: https://www.econbiz.de/10008562792
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A revisit to the relationship between patents and R&D using empirical likelihood estimation
Hsueh, Sheng-Pin; Lee, Wei-Ming - In: Economics Bulletin 32 (2012) 2, pp. 1208-1214
In this paper we reexamine the relationship between patents and R&D using empirical likelihood estimation. Based on the data of Hall, Griliches, and Hausman (1986) and the specification allowing for endogenous regressors, we found that the contemporaneous effect of R&D is significantly positive,...
Persistent link: https://www.econbiz.de/10011278522
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Efficacy of shaming penalties: Evidence from SEC football
Stevenson, Taylor P.; Tollison, Robert D.; Pearson, Dennis - In: Economics Bulletin 32 (2012) 2, pp. 1162-1170
Use of public humiliation as a deterrent to crime has a long history as does the debate over its effectiveness. A recent rule change in college football presents a natural experiment to test the effectiveness of so-called shaming penalties. In 2004 the National Collegiate Athletic Association...
Persistent link: https://www.econbiz.de/10011278882
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On the consideration of potential harm in the award of punitive damages
Bhole, Bharat; Wagner, Jeffrey - In: Economics Bulletin 29 (2009) 2, pp. 1102-1106
Multiple empirical studies find that juries/courts take account of potential harm in the determination of punitive damages. The received view in economic theory, however, is that punitive damages should not depend on potential harm. The purpose of this note is to provide an efficiency rationale...
Persistent link: https://www.econbiz.de/10008563118
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Optimal pricing of postal services under endogenously determined entry
Currier, Kevin M. - In: Economics Bulletin 32 (2012) 4, pp. 3503-3511
Postal reform (liberalization) is occurring rapidly around the world, perhaps most notably in the EU where January 1, 2011 was the date of Full Market Opening (FMO). As a strategy for maintaining the Universal Service Obligation (USO) under FMO, several authors suggest that the sale of access to...
Persistent link: https://www.econbiz.de/10011278518
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Fasten seat belts: Do car safety systems cause positive externalities?
Berlemann, Michael; Matthes, Andreas - In: Economics Bulletin 31 (2011) 4, pp. 2915-2921
Although traffic safety belongs to the quite intensively regulated sectors, there has been little discussion about the adequacy of the arguments underlying these regulations. We argue that passive and active car safety systems might cause positive externalities for other traffic participants and...
Persistent link: https://www.econbiz.de/10011278809
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Competition vs. quality in an industry with imperfect traceability.
Rouviere, Elodie; Soubeyran, Raphael - In: Economics Bulletin 31 (2011) 4, pp. 3052-3067
We consider an industry where firms produce goods that have different quality levels but firms cannot differentiate themselves from rivals. In this situation, producing low-quality generates a negative externality on the whole industry. This is particularly true when consumers cannot identify...
Persistent link: https://www.econbiz.de/10009351484
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Alliances and entry in a simple airline network
Lin, Ming Hsin - In: Economics Bulletin 12 (2005) 4, pp. 1-11
This paper constructs an entry and code-sharing alliances game to demonstrate that the alliance between the incumbent carriers may play a significant role of entry deterrence in a given airline network. We show that incumbents can use the alliances as a credible threat to deter the entry of the...
Persistent link: https://www.econbiz.de/10010836108