Similar Search Results

Leveraging Monopoly Power by Degrading Interoperability : Theory and Evidence from Computer Markets

Genakos, Christos - 2011

When will a monopolist have incentives to foreclose a complementary market by degrading compatibility/interoperability of his products with those of rivals? We develop a framework where leveraging extracts more rents from the monopoly market by "restoring" second degree price discrimination. In...

Persistent link: https://www.econbiz.de/10013122878

Innovating Standards Through Informal Consortia : The Case of Wireless Telecommunications

Delcamp, Henry - 2014

incentives to invest in R&D by internalizing potential externalities. They may also enhance efficiency of standardization by …

Persistent link: https://www.econbiz.de/10013065932

International Standards and International Trade : Empirical Evidence from ISO 9000 Diffusion

Clougherty, Joseph A. - 2014

methodological challenges by measuring standardization via national penetration of ISO 9000, allowing standardization to manifest via …-signaling augmenting country-pair trade. Yet, ISO-rich nations (most notably European) benefit the most from standardization, while ISO …

Persistent link: https://www.econbiz.de/10013066003

Tiebreaker : Certification and Multiple Credit Ratings

Bongaerts, Dion - 2009

This paper explores the economic role credit rating agencies play in the corporate bond market. We consider three existing theories about multiple ratings: information production, rating shopping and regulatory certification. Using differences in rating composition, default prediction and credit...

Persistent link: https://www.econbiz.de/10013156427

Collusive Investments in Technological Compatibility : Lessons from U.S. Railroads in the Late 19th Century

Gross, Daniel P. - 2019

Collusion is widely condemned for its negative effects on consumer welfare and market efficiency. In this paper, I show that collusion may also in some cases facilitate the creation of unexpected new sources of value. I bring this possibility into focus through the lens of a historical episode...

Persistent link: https://www.econbiz.de/10012862849

Coping with Shocks and Shifts : The Multilateral Trading System in Historical Perspective

Irwin, Douglas A. - 2013

This paper provides a historical look at how the multilateral trading system has coped with the challenge of shocks and shifts. By shocks we mean sudden jolts to the world economy in the form of financial crises and deep recessions, or wars and political conflicts. By shifts we mean slow-moving,...

Persistent link: https://www.econbiz.de/10013092123

The Empirical Economics of Online Attention

Boik, Andre - 2016

their general online attention patterns. This conclusion has important implications for competition and welfare in other …

Persistent link: https://www.econbiz.de/10012986680

Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry

Zingales, Luigi - 2021

This paper studies the impact that capital market imperfections have on the natural" selection of the most efficient firms by estimating the effect of the pre-deregulation level of" leverage on the survival of trucking firms after the Carter deregulation. Highly leveraged" carriers are less...

Persistent link: https://www.econbiz.de/10013215356

Lobbying Competition Over Trade Policy

Gawande, Kishore; Krishna, Pravin; Olarreaga, Marcelo - 2021

Competition between opposing lobbies is an important factor in the endogenous determination of trade policy. This paper … investigates empirically the consequences of lobbying competition between upstream and downstream producers for trade policy. The … with lobbying competition. Importantly, accounting for lobbying competition also alters substantially estimates of the …

Persistent link: https://www.econbiz.de/10013217953

Entry Deterrence in Hospital Procedure Markets : A Simple Model of Learning-by-Doing

Dafny, Leemore S. - 2021

straightforward empirical tests from a model of patient demand, procedure quality, and differentiated product competition. Using …

Persistent link: https://www.econbiz.de/10013222631