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intervention. We contend, however, that the current contract practice of fixing ex ante targets for network expansion is …
Persistent link: https://www.econbiz.de/10010258770
We consider the problem of a principal who wishes to contract with a privately informed agent and is not able to commit … renegotiate the resulting contract without cost by proposing a new mechanism any number of times. We provide a general …
Persistent link: https://www.econbiz.de/10011946012
This paper explores the effect of bargaining in vertical relationships on the profitability of suppliers’ R&D investments. Studies on the relationship between R&D and firm profitability mostly concentrate on the impact of horizontal market structure and neglect vertical interac-tions. Building...
Persistent link: https://www.econbiz.de/10010425660
We analyze the effects of downstream firms’ acquisition of pure cash flow rights in an efficient upstream supplier when all firms compete in prices. With an acquisition, downstream firms internalize the effects of their actions on their rivals’ sales. Double marginalization is enhanced....
Persistent link: https://www.econbiz.de/10009512802
Trademarks are often supposed to reduce substitutability and imitability of product innovations. Using German CIS data for 2010, we provide empirical evidence that trademarking firms assess easy product substitutability as less characteristic for their competitive environment. This is...
Persistent link: https://www.econbiz.de/10009787415
The surge in interfirm cooperative agreements can be seen as expressing a way for firms to respond to and to organize market failure, especially in technology markets. The incentives of firms to internalize activities are to avoid the disadvantages, or capitalize on the advantages, of...
Persistent link: https://www.econbiz.de/10011440720
Wir untersuchen die Rolle von Vertragstypen und Zugangsregulierung auf Innovation und Wettbewerb. In einem Duopolmodell … ; Investition ; Innovation ; Verträge zwischen Netzbetreibern …
Persistent link: https://www.econbiz.de/10008938051
Our study shows empirically that the choice of resource allocation strategy affects innovation performance. A policy of … allocating resources to a broader range of innovation projects increases sales of new products, especially if these are truly … stronger for firms that allocate resources more selectively at later stages of the innovation process. Based on these results …
Persistent link: https://www.econbiz.de/10009424123
Buyer power is widely considered to decrease innovation incentives of suppliers. However, there is little empirical … evidence for this statement. Our paper analyses how buyer power influences innovation incentives of upstream firms while taking … suppliers’ R&D intensity if the powerful buyer operates under strong technology competition. -- Innovation ; Buyer Power …
Persistent link: https://www.econbiz.de/10009657612
Entering host country networks of knowledge flows (new competencies, innovative technologies, and lead-market knowledge) is a major rationale of multinational firms for investing abroad. Foreign firms find it difficult to overcome cultural and social barriers which make their foreign engagements...
Persistent link: https://www.econbiz.de/10003273110