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Firm-Specific Information and Explicit Collusion in Experimental Oligopolies
Gomez-Martin, Francisco; Onderstal, Sander; Sonnemans, Joep - 2015
to form cartels in Cournot markets. As in previous experiments, markets become very competitive when individualized …: Markets become less competitive and cartels become more stable when individualized information is available. We also observe … information is present, suggesting that firms have greater incentives to form cartels in that situation. …
Persistent link: https://www.econbiz.de/10011288400
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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/10010325491
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Cooperation in the Classroom: Experimenting with R&D Cooperatives
Goeree, Michelle Sovinsky; Hinloopen, Jeroen - 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/10010325506
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In Defense of Trusts: R&D Cooperation in Global Perspective
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian - 2013
We examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product market collusion. For that we utilize a dynamic model of R&D whereby we consider all possible initial marginal cost levels (technologies), including those...
Persistent link: https://www.econbiz.de/10010326462
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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...
Persistent link: https://www.econbiz.de/10011662518
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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/10012797223
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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
An entrant and an incumbent engage in an investment portfolio problem where each chooses how to allocate its research funds across a rival market, where they compete with one another, and a non-rival market, where they do not interact. Allowing for acquisitions distorts both players' incentives...
Persistent link: https://www.econbiz.de/10014469445
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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/10011526125
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In Defense of Trusts : R&D Cooperation in Global Perspective
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian - 2015
We present a continuous-time generalization of the seminal R&D model of d’Aspremont and Jacquemin (American Economic Review, Vol. 78, No. 5) 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/10014159864
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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/10014126598