This paper investigates the patent licensing networks formed by competing firms. Assuming that licensing agreements can … of independent patents, we fully characterize the bilaterally efficient networks and find that when the cost reduction … efficient one. We also show that the bilaterally efficient networks can be sustained as subgame-perfect Nash equilibria with …

for assessing the influence of networks on demand and revenue patterns in electronic commerce, and provides new empirical …

We study a retail benchmarking approach to determine access prices for interconnected networks. Instead of considering … network i pays to network j as a linear function of the marginal costs and the retail prices set by both networks. In the case …

this variation in the depth and persistence of the contagion. Specifically, more clustered local networks “trap” the … less clustered networks lead to wider contagion of a lower magnitude and duration. Our results provide new evidence of the … networks. …