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Persistent link: https://www.econbiz.de/10012182203
This paper shows how competing firms can facilitate tacit collusion by making passive investments in rivals. In general, the incentives of firms to collude depend in a complex way on the whole set of partial cross ownership (PCO) in the industry. We show that when firms are identical, only...
Persistent link: https://www.econbiz.de/10010263345
We examine the design of nonlinear prices by a multiproduct monopolist who serves customers with multidimensional but correlated types. We show that the monopoly can exploit the correlations between consumers' types to design pricing mechanisms that fully extract the surplus from each consumer....
Persistent link: https://www.econbiz.de/10001601438
Persistent link: https://www.econbiz.de/10001541612
This paper shows how competing firms can facilitate tacit collusion by making passive investments in rivals. In general, the incentives of firms to collude depend in a complex way on the whole set of partial cross ownership (PCO) in the industry. We show that when firms are identical, only...
Persistent link: https://www.econbiz.de/10002200410
We examine the implications of pre-grant publication (PP) of patent applications in the context of a cumulative innovation model. We show that pre-grant publication of patents lead to fewer applications and fewer inventions, but it raises the probability that new technologies will reach the...
Persistent link: https://www.econbiz.de/10003742962
Persistent link: https://www.econbiz.de/10003852764
Persistent link: https://www.econbiz.de/10003362646
Persistent link: https://www.econbiz.de/10012586816
We consider the interaction between an incumbent firm and a potential entrant, and examine how this interaction is affected by demand fluctuations. Our model gives rise to procyclical entry, prices, and price-cost margins, although the average price in the market can be countercyclical if the...
Persistent link: https://www.econbiz.de/10013051122