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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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Research among Copycats: R&D, Spillovers, and Feedback Strategies
Smrkolj, Grega; Wagener, Florian - 2014
production at different times. We discern the impact of knowledge spillovers on the investments in existing markets, as well as … between spillovers, R&D efforts, and surpluses is non-monotonic and dependent on both the relative and absolute efficiency of … firms. Larger spillovers increase the likelihood that a new technology is brought to production, but they do not necessarily …
Persistent link: https://www.econbiz.de/10010491339
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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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Dynamic Efficiency of Product Market Competition : Cournot versus Bertrand
Hinloopen, Jeroen; Vandekerckhove, Jan - 2008
spillovers are substantial, and when goods are not too differentiated. The range of cases for which total surplus under Cournot …
Persistent link: https://www.econbiz.de/10014221104
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Firm-Specific Information and Explicit Collusion in Experimental Oligopolies
Gomez-Martin, Francisco; Onderstal, Sander; Sonnemans, Joep - 2015
We experimentally study the effect of information about competitors' actions on cartel stability and firms' incentives to form cartels in Cournot markets. As in previous experiments, markets become very competitive when individualized information is available and participants cannot communicate....
Persistent link: https://www.econbiz.de/10011288400
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Pricing, Consumer Search and the Size of Internet Markets
Janssen, Maarten C.W.; Moraga, Jose Luis - 2000
Despite the mixed empirical evidence, many economists stillhold to the view that Internet will promote competition betweenfirms,thereby lowering prices and increasing economic welfare. This paperpresents a search model that provides a different view. We analyzethemarket for a homogeneous good...
Persistent link: https://www.econbiz.de/10010324437
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Adoption of Superior Technology in Markets with Heterogeneous Network Externalities and Price Competition
Janssen, Maarten C.W.; Mendys, Ewa - 2000
In this paper we investigate whether markets with heterogeneous network externalities can belocked-in by old technologies even if superior technologies are available. Heterogeneous networkexternalities are present when some consumers care more about the size of the market share of agood than...
Persistent link: https://www.econbiz.de/10010324596
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Electronic Commerce and Retail Channel Substitution
Janssen, Maarten C.W.; van der Noll, Rob - 2002
We analyze a market where firms compete in a conventional and an electronicretail channel. Consumers easily compare prices online, but some incur purchaseuncertainties on the online channel. We investigate the market shares of the two retailchannels and the prices that are charged. We find that...
Persistent link: https://www.econbiz.de/10010324893
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Hybrid R&D
Goyal, Sanjeev; Konovalov, Alexander; Moraga, Jose Luis - 2003
We develop a model of R&D collaboration in which individual firms carry out in-house research on core activities and undertake bilateral joint projects on non-core activities with other firms. We develop conditions on the profit functions of the firm under which R&D investments in different...
Persistent link: https://www.econbiz.de/10010324930