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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
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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
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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
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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
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Competing Engines of Growth : Innovation and Standardization
Acemoglu, Daron - 2010
production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … adapted to be produced using unskilled labor. Our framework highlights a number of novel results. First, standardization is … standardization rate (and of competition). Second, we characterize the growth and welfare maximizing speed of standardization. We show …
Persistent link: https://www.econbiz.de/10013144153
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Hoping to Win, Expected to Lose : Theory and Lessons on Micro Enterprise Development
Karlan, Dean S. - 2014
microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital …
Persistent link: https://www.econbiz.de/10013065641
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University-Industry Spillovers, Government Funding, and Industrial Consulting
Jensen, Richard A. - 2015
This paper presents a theoretical model of faculty consulting in the context of government and industry funding for research within the university, which then frames an empirical analysis of the funding and consulting of 458 individual faculty inventors from 8 major US universities. In the...
Persistent link: https://www.econbiz.de/10013039134
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Tax Policy, Venture Capital, and Entrepreneurship
Keuschnigg, Christian - 2006
The paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high risk project each but have no own resources. Financiers provide equity finance. They must structure the entrepreneur's profit share and base salary to assure their incentives for full...
Persistent link: https://www.econbiz.de/10012783952
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Cashier or Consultant? Entry Labor Market Conditions, Field of Study, and Career Success
Altonji, Joseph G. - 2014
We analyze the early labor market outcomes of U.S. college graduates from the classes of 1974 to 2011, as a function of the economic conditions into which they graduated. We have three main findings. First, poor labor market conditions substantially disrupt early careers. A large recession at...
Persistent link: https://www.econbiz.de/10013046597
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Evolving Standards for Academic Publishing : A Q-R Theory
Ellison, Glenn - 2011
This paper develops a model of evolving standards for academic publishing. It is motivated by the increasing tendency of academic journals to require multiple revisions of articles and by changes in the content of articles. Papers are modeled as varying along two quality dimensions: q and r. The...
Persistent link: https://www.econbiz.de/10013125817