In this study we specify and estimate a structural model of multiproduct firms for the semiconductor industry. In addition, we explicitly consider dynamics over the product life cycle. We find that these two aspects have important implications and provide evidence that (i) Spillover and...

In this study we derive a structural econometric model of learning by doing with multiproduct competition from a dynamic oligopoly game. We show the importance to account for multiproduction effects through product differentiation when measuring learning by doing. Using quarterly firm-level data...

This study analyzes the optimal provision of goods in a market characterized by vertical product differentiation. We consider a duopoly model in which incumbents may introduce a new product with certain quality, and decide whether to keep or to withdraw the existing product from the market. We...

The literature on research joint ventures (RJVs) has emphasized internalizing spillovers and cost-sharing as motives for RJV formation. In this paper we develop two additional explanations: product market complementarities and firm heterogeneity. We analyze a model of RJVs with asymmetric firms...

Research and Development Joint Ventures are based on cooperative agreements where firms share the costs and results of a particular research project. While theoretical analysis of research joint ventures on profits, R&D intensity, output and prices is more developed in the existing literature,...

This paper analyzes the impact of a dynamic specification on the estimation of the conduct parameter in an oligopolistic market. Various empirical studies have shown that in the semiconductor industry, in particular in the Dynamic Random Access Memory (DRAM) market, one has to account for...

This paper provides an empirical analysis of cattle auctions taking place in Amstetten, Austria. The particular auctions we focus on are ascending or English auctions. In this market the sellers are usually farmers and the buyers are either farmers as well or resale trade firms. A further...