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Competition and innovation: An experimental investigation
Darai, Donja; Sacco, Dario; Schmutzler, Armin - 2009
predicted by theory, an increase in the number of firms from two to four reduces investments. However, a positive effect is … observed for a switch from Cournot to Bertrand, even though theory predicts a negative effect in the four-player case. This …
Persistent link: https://www.econbiz.de/10010315529
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Infrastructure quality in deregulated industries: Is there an underinvestment problem
Buehler, Stefan; Schmutzler, Armin; Benz, Men-Andri - 2002
We investigate how various institutional settings affect a network provider's incentives to invest in infrastructure quality. Under reasonable assumptions on demand, investment incentives turn out to be smaller under vertical separation than under vertical integration, though we also provide...
Persistent link: https://www.econbiz.de/10010315603