Commitment is a necessary prerequisite for gaining sustainable competitive advantage. By the way of commitment a firm is able to establish mobility barriers for capital bound in specific assets and to protect thereby supernormal profits against competition by entry barriers.(...)

Recent econometric studies only emphasize the role of longterm demand expectations and technological capability. They neglect the impact of buyer market structure on innovative efforts of input suppliers....

This article tests the modell of Brander and lewis under ertrand and Cournot competition.

This paper reviews the Hotelling literature of product differentiation. The purpose of this work is to examine the impact of the market structure on price competitionand equilibrium differentiation. The existence of a general ’principle of differentiation’ is rejected. In contrast,...

This paper extends the standard Hotelling model with quadratic transport costs to the multi-firm case. Considering locational equilibria we show that neither holds the Principle of Maximum Differentiation - as in the duopoly model - nor does the Principle of Minimum Differentiation - as in the...

Dieser Beitrag erweitert die Standardmodellierung der Literatur über Informationsaustausch zwischen Unternehmen bei Nachfrageunsicherheit und läßt sich vor allem auf Unternehmen in neuen Branchen oder in unsicheren Märkten anwenden ...

This paper explores the impact of university finance reforms on teachingquality. It is shown that the graduate tax can achieve efficiency with tuitionfees administered by the government, while student grants, pure and incomecontingent loans are bound to fail. All options are inefficient when...

This paper studies the impact of cash constraints on equilibrium research intensities in a patent race between a current owner of the “state of the art” technology (the incumbent) and entrants. We develop a simple model, where players need to raise funds from imperfectly informed creditors to...

By combining two large data sets (on international trade flows and on mergers and acquisitions - M&As), we are able to test two implications of Neary´s (2003, 2004a) recent theoretical work. Analyzing M&As in a General Oligopolistic Equilibrium (GOLE) model incorporating strategic interaction...

This paper analyses the interdependency between the market formusic recordings and concert tickets, assuming that there are positiveindirect network eects both from the record market to ticket sales forlive performances and vice versa. Using a model with two interrelatedSalop circles we show...