Showing 1 - 10 of 17,285
We analyze strategic relationships between buyers and sellers in markets with switching costs and dynamic uncertainty by investigating the scenario wherein a representative buyer trades with two foreign sellers located in the same foreign country. We show that, under exchange rate uncertainty,...
Persistent link: https://www.econbiz.de/10012776363
Since the introduction of a formal commitments procedure in EU antitrust policy (Article 9 of Council Regulation 1/2003), the European Commission has extensively settled cases of alleged anticompetitive practices. In this paper, we use a formal model of law enforcement (Bebchuk, 1984; Shavell, 1988)...
Persistent link: https://www.econbiz.de/10012856496
Persistent link: https://www.econbiz.de/10003406940
Persistent link: https://www.econbiz.de/10003737059
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under the scenarios of both certainty and uncertainty. We...
Persistent link: https://www.econbiz.de/10012099522
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under the scenarios of both certainty and uncertainty. We...
Persistent link: https://www.econbiz.de/10012151228
The interest rate is generally considered as a monetary policy tool and, at the same time, via Tobin's q, as an important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic...
Persistent link: https://www.econbiz.de/10011994756
. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms …' successful patent applications. The last chapter describes sector-level input-output relationships in eleven European economies … Faktorausstattung zweier Länder basiert. Das zweite Kapitel liefert eine Theorie zu Offshoring unter Imitationsrisiko. Diese Theorie …
Persistent link: https://www.econbiz.de/10011742945
Persistent link: https://www.econbiz.de/10011850035
This paper argues that the consequences of the ‘fragmentation’ of the European patent system are more dramatic than the … mere prohibitive costs of maintaining a patent in force in many jurisdictions. First, detailed analysis of judicial systems …‐level competition policy and granting authority ultimately facing national jurisdictional primacy on patent issues. These high degrees …
Persistent link: https://www.econbiz.de/10003820846