Showing 1 - 10 of 116
We consider the effects of product market cooperation on R&Dinvestment, profits, consumer surplus and welfare. We show that though R&Dinvestment, consumer surplus and social welfare may be higher or lower underproduct market cooperation than product market competition, industry profit isalways...
Persistent link: https://www.econbiz.de/10005868776
This paper compares profits and consumer surplus under non-cooperation and collusion in the product market when the firms have the option for R&D before production. We show that whether R&D investment would be higher under non-cooperation or product market collusion depends on the R\&D...
Persistent link: https://www.econbiz.de/10005412980
This paper compares profits and consumer surplus under non-cooperation and collusion in the product market when the firms have the option for R&D before production. We show that whether R&D investment would be higher under noncooperation or product market collusion depends on the R&D...
Persistent link: https://www.econbiz.de/10005636076
We provide a theoretical justification for bi-sourcing, which refers to thesituation where a final goods producer buys an input from an outside supplier and alsoproduces it in-house. Bi-sourcing occurs if the marginal cost of producing the input inhouseis higher than the marginal cost of outside...
Persistent link: https://www.econbiz.de/10005868579
We show that, for licensing by an outside innovator in a Cournot oligopoly,royalty licensing can generate higher payoff to the innovator than the fixed-feelicensing and auction if the labor market is unionized...
Persistent link: https://www.econbiz.de/10005868601
This paper considers technology transfer in a duopoly where the firms have two types of commitment strategies … under these two types of commitment as well as depending on whether one or both firms commit. Under strategic incentive … delegation are significant then the possibility of technology transfer rises compared to a situation with no pre-commitment. In …
Persistent link: https://www.econbiz.de/10005370697
We show that the common wisdom suggesting higher investment in innovation under a stronger patent protection may not be true if the innovator can license its technology ex‐post innovation. If the initial cost of production is high and the slope of the marginal cost of undertaking innovation is...
Persistent link: https://www.econbiz.de/10014136803
This paper considers technology transfer in a duopoly where the firms have two types of commitment strategies … under these two types of commitment as well as depending on whether one or both firms commit. Under strategic incentive … delegation are significant then the possibility of technology transfer rises compared to a situation with no pre-commitment. In …
Persistent link: https://www.econbiz.de/10014141765
We provide a new rationale for bi-sourcing, which refers to the situation where a final goods producer buys an input from an outside supplier and also produces it in-house. We also show the effects of the product market competition and the implications of different and common outside input...
Persistent link: https://www.econbiz.de/10010573077
It is generally believed that a weak patent protection makes the consumers and the society better off compared to a strong patent protection by increasing the intensity of competition if the weak patent protection does not affect innovation. We show that this conclusion may not hold if the...
Persistent link: https://www.econbiz.de/10010819893