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partners. Finally, we find that the size of the fare effect of the alliance depends on the pre-alliance level of competition on … a city pair with the effect being larger on those city pairs where the level of competition was relatively low. …
Persistent link: https://www.econbiz.de/10005084582
Using data collected between August 1999 and January 2000 covering 399 books, including New York Times bestsellers, computer bestsellers, and random books, we examine pricing by thirty-two online bookstores. One common prediction is that the reduction in search costs on the Internet relative to...
Persistent link: https://www.econbiz.de/10005085268
Open source methods for creating software rely on developers who voluntarily reveal code in the expectation that other developers will reciprocate. Open source incentives are distinct from earlier uses of intellectual property, leading to different types of inefficiencies and different biases in...
Persistent link: https://www.econbiz.de/10005040655
merchants under imperfect competition. The privately optimal fee depends mainly on differences between cardholders' and …
Persistent link: https://www.econbiz.de/10005714659
aftermarkets? In this paper we explore a number of models characterized by either competition or monopoly in the new-unit market …, and show that a variety of behaviors that hurt competition in aftermarkets can, in fact, be efficient responses to …
Persistent link: https://www.econbiz.de/10005718075
This paper shows that up-front payments can play a crucial role in providing efficient investment incentives when contracts are incomplete. They can eliminate the overinvestment effect identified by Rogerson [1984] and Shavell [1980] when courts use an expectation damage remedy. This method...
Persistent link: https://www.econbiz.de/10005830122
The participation of interest groups in public policy making is unavoidable. Its unavoidable nature is only matched by the universal suspicion with which it has been seen by both policy makers and the public. Recently, however, there has been a growing literature that examines the participation...
Persistent link: https://www.econbiz.de/10005778965
inventors from competition in order to create incentives for them to innovate. Antitrust laws constrain how a monopolist can act … in order to maintain its monopoly in an attempt to foster competition. There is a fundamental tension between these two … different types of laws. Attempts to adapt static antitrust analysis to a setting of dynamic R&D competition through the use of …
Persistent link: https://www.econbiz.de/10005088934
of economic models to answer the question, assuming the goal is to prevent harm to competition, and applies the economic … prevent harm to competition, the role for antitrust should be quite limited and that two leading cases, Aspen and Kodak …
Persistent link: https://www.econbiz.de/10005588893
Much debate exists around the impact that illegal file sharing may have on the creative industries. Similarly, opinions differ regarding whether the producers of artistic works should be forced to accept any weakening of intellectual property rights resulting from illegal file sharing, or if...
Persistent link: https://www.econbiz.de/10010969366