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How to Auction an Essential Facility When Underhand Integration is Possible

Engel, Eduardo; Fischer, Ronald; Galetovic, Alexander - 2002

floor, however, a Demsetz auction is worse than no regulation at all of the bottleneck monopoly. Our results apply beyond …

Persistent link: https://www.econbiz.de/10010369132

Price regulation and incentives to innovate: Fixed vs. flexible rules

Ecchia, Giulio - 1997

relationship between market structure and innovation, that is the effect of regulation on the incentives to innovate of a regulated … monopolistic firm. More precisely, we discuss the influence of price regulation on the economic incentives to undertake costly R …&D effort to discover a new technology. After a discussion of positive approaches to regulation and their relevance for the …

Persistent link: https://www.econbiz.de/10011608314

A compass to guide EU policy in support of business competitiveness

Erixon, Fredrik; Guinea, Oscar; Lamprecht, Philipp; … - 2022

The EU agenda for improving competitiveness is missing in action. Economic competitiveness has been a central plank in the development of the European Union - a relentless quest for policies that lead to more prosperity and that make European companies in world markets more successful. However,...

Persistent link: https://www.econbiz.de/10014560176

Does Intellectual Property Protection Spur Technological Change

Kanwar, Sunil; Evenson, Robert - 2001

Of the diverse factors motivating technological change, one factor that has received increasing attention in the recent past has been the protection of intellectual property rights. Given fairly recent changes in the international policy ethos where a regime of stronger intellectual property...

Persistent link: https://www.econbiz.de/10010369242

Coordination Failure in Technological Progress, Economic Growth and Volatility

Li, Mei - 2007

Technological progress has long been posited to be crucial in a country's economic growth. This paper argues that coordination failure in a country's new technology investment can be one of the barriers in a country's capital accumulation and economic growth. The global game established by...

Persistent link: https://www.econbiz.de/10011940761

Optimal liability sharing and court errors: An exploratory analysis

Boyer, Marcel; Porrini, Donatella - 2010

We focus in this paper on the effects of court errors on the optimal sharing of liability between firms and financiers, as an environmental policy instrument. Using a structural model of the interactions between firms, financial institutions, governments and courts we show, through numerical...

Persistent link: https://www.econbiz.de/10010270509

Technology and economic performance in the German economy

Siebert, Horst; Stolpe, Michael - 2001

Germany remains Europe's largest and most diversified source of new technology, but still lags in the fastest growing areas of today's high technology. After World War II, West-German technology policy sought to rebuild the institutions which had supported Germany's leadership in the high-tech...

Persistent link: https://www.econbiz.de/10010265490

Endogenous Technological Change under Uncertainty

de Hek, Paul A. - 2002

How does risk or uncertainty in the productivity of research affect the growth rate of the economy? To answer this question, a model of endogenous technological change is used where sustained growth stems from intentional investments in R&D from profit-maximizing firms. The uncertainty arises...

Persistent link: https://www.econbiz.de/10010324994

Use of Long-term Auctions for Network Investment

McDaniel, Tanga; Neuhoff, Karsten - 2003

Short-term auctions for access to entry terminals of the British gas-network appear to successfully allocate scarce resources and capture scarcity rent. Now long-term auctions are being introduced to guide future capacity expansion decisions. In our model the fraction of rights issued in the...

Persistent link: https://www.econbiz.de/10011325061

Investment Size and Firm's Value Under Profit Sharing Regulation

Moretto, Michele; Panteghini, Paolo M.; Scarpa, Carlo - 2003

In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a firm's start-up decision relative to a pure price cap...

Persistent link: https://www.econbiz.de/10011325118

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