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Patent Pools, Litigation and Innovation
Choi, Jay Pil; Gerlach, Heiko - CESifo - 2013
This paper analyzes patent pools and their effects on innovation incentives. It is shown that the pro …-competitive effects of patent pools for complementary patents naturally extend for dynamic innovation incentives. However, this simple … case, the licensing fees reflect the strength of patents. Patent pools of complementary patents can be used to discourage …
Persistent link: https://www.econbiz.de/10010701092
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Transparency in Electricity Markets
Fehr, Nils-Henrik M. von der - Økonomisk institutt, Universitetet i Oslo - 2013
The European Commission is introducing new regulations on submission and publication of data in electricity markets (SPDEM) and on wholesale energy market integrity and transparency (REMIT). I discuss issues relevant for undertaking an evaluation such regulations. I argue that, for market...
Persistent link: https://www.econbiz.de/10010785505
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The Impact of Entry Regulation on Total Welfare: A Policy Experiment
Liu, An-Hsiang; Siebert, Ralph; Zulehner, Christine - CESifo - 2013
This paper evaluates how different lengths of entry regulation impact market structure and market performance using a dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms have the opportunity to...
Persistent link: https://www.econbiz.de/10010670793
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Creative Destruction and Productive Preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - CESifo - 2013
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …
Persistent link: https://www.econbiz.de/10010877893
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ECONOMIC ANALYSIS OF KNOWLEDGE: THE HISTORY OF THOUGHT AND THE CENTRAL THEMES
Leppälä, Samuli - Center for the History of Political Economy - 2012
, both in the context of technological knowledge in particular and the decision theory in general. This paper surveys this …
Persistent link: https://www.econbiz.de/10010878272
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Patent Damages and Real Options : How Judicial Characterization of Non-Infringing Alternatives Reduces Incentives to Innovate
Hausman, Jerry A. - 2009
Persistent link: https://www.econbiz.de/10012767247
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A Schumpeterian view of the Great Merger Movement in American manufacturing
Smythe, Donald J. - In: Cliometrica, Journal of Historical Economics and … 4 (2010) 2, pp. 141-170
innovations. The theory is supported with historical evidence about the technological environment and industrial conditions at the …
Persistent link: https://www.econbiz.de/10008509916
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Entrepreneurial innovations, competition and competition policy
Norbäck, Pehr-Johan; Persson, Lars - In: European Economic Review 56 (2012) 3, pp. 488-506
market competition tends to increase the relative profitability of innovation for sale. Increased competition not only … innovation for sale can increase with increased competition. Moreover, a stricter, but not too strict, merger policy is shown to … increase the incentive for innovations for sale by ensuring the bidding competition for the innovation. …
Persistent link: https://www.econbiz.de/10011048630
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Impact of Uncertainty and Sunk Costs on Firm Survival and Industry Dynamics
Ghosal, Vivek - 2004
This paper examines the role played by uncertainty and sunk costs on the timeseries fluctuations in industry structure as captured by the number of firms and establishments, and concentration. Using an extensive dataset covering 267 U.S. manufacturing industries over a 30-year period, our...
Persistent link: https://www.econbiz.de/10012738847
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Small is Beautiful but Size Matters: The Asymmetric Impact of Uncertainty and Sunk Costs on Small and Large Businesses
Ghosal, Vivek - Volkswirtschaftliche Fakultät, … - 2007
Against the backdrop of the theories developed in the real options and financing constraints literatures, this paper examines the impact of profit uncertainty and sunk costs on firms’ entry and exit decisions. For our empirical analysis, we compile an extensive dataset containing information...
Persistent link: https://www.econbiz.de/10005260323