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actually pay the announced bonus. This offers a new explanation for why explicit and implicit incentives are substitutes rather …
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complements problem but not the double mark-up problem. Vertical integration discourages entry and reduces innovation incentives …
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discourages entry and reduces innovation incentives, while horizontal integration always benefits from entry and innovation …
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raise its rivals' costs and to restrict entry on the downstream market; incentives that do not hold for non …
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complements problem but not the double mark-up problem. Vertical integration discourages entry and reduces innovation incentives …
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In this paper we investigate the pricing incentives of IP holders and compare the equilibrium royalty rates charged by …
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