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An innovative firm chooses strategically whether to patent its process innovation or rely on secrecy. By doing so, the … firm manages its rival's beliefs about the size of the innovation, and affects the incentives in the product market …
Persistent link: https://www.econbiz.de/10010267007
This paper studies the innovation dynamics of an oligopolistic industry. The firms compete not only in the output … incentives for innovation at subsequent dates. Over time the industry equilibrium approaches a steady state. The paper … characterizes the evolution of the industry's innovation behavior and its market structure on the adjustment path. …
Persistent link: https://www.econbiz.de/10010300018
This paper studies the innovation dynamics of an oligopolistic industry. The firms compete not only in the output … incentives for innovation at subsequent dates. Over time the industry equilibrium approaches a steady state. The paper … characterizes the evolution of the industry's innovation behavior and its market structure on the adjustment path. …
Persistent link: https://www.econbiz.de/10010334137
A well-known result by Vega-Redondo implies that in symmetric Cournot oligopoly, imitation leads to the Walrasian …
Persistent link: https://www.econbiz.de/10011422170
We examine the force of three types of behavioral dynamics in quantity-setting triopoly experiments:mimicking the successful firm,following the exemplary firm, andbelief learning.Theoretically, these three rules of dynamic conduct lead to the competitive, the collusive, and the Cournot-Nash...
Persistent link: https://www.econbiz.de/10010324581
We present a formal model of symmetric n-firm Cournot oligopoly with a heterogeneous population of profit optimizers … with a small probability. Applying stochastic stability analysis, we characterize the long run behavior of the oligopoly …
Persistent link: https://www.econbiz.de/10010276582
Im klassischen Beitrag von Salant, Switzer und Reynolds (1983) wird für symmetrische Unternehmungen gezeigt, daß bei Verfolgung einer Mengenpolitik Fusionen zur Einschränkung des Wettbewerbs nur dann für die beteiligten Unternehmungen lohnend sind, wenn wenigstens 80 % der Unternehmungen an...
Persistent link: https://www.econbiz.de/10010305056
. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms … intellectual property rights and of offshoring costs on the rate of innovation and on the offshoring intensity. In chapter 4 I …
Persistent link: https://www.econbiz.de/10011698346
The purpose of this article is to analyze how the presence of a competitive fringe, composed by price taker firms, can affect the sustainability of collusive equilibria. Our starting point is that there exists a diffused misunderstanding about its strategical role as collusive minus factor. We...
Persistent link: https://www.econbiz.de/10010312265
Firms raise cost-reducing alliances before competing with each other, but cannot fully internalize the shared knowledge. When spillovers are local and transit through the network of alliances, stable architectures with a moderate level of asymmetry are identified.
Persistent link: https://www.econbiz.de/10010312468