Showing 1 - 10 of 1,369
Persistent link: https://www.econbiz.de/10014375164
The introduction of a new product generation forces incumbents in network industries to rebuild their installed base to maintain an advantage over potential entrants. We study if backward compatibility moderates this process of rebuilding an installed base. Using a structural model of the U.S....
Persistent link: https://www.econbiz.de/10010443153
This paper studies mergers in two-sided markets by estimating a structural supply-and-demand model using data from the 1996-2006 merger wave in U.S. radio. It makes two main contributions. First, it identifies the conflicting incentives of merged firms to exercise market power on both sides of...
Persistent link: https://www.econbiz.de/10013069081
Multihoming – the decision to design a complement to operate on multiple platforms – is becoming increasingly common in … their market reach, but it reduces differentiation among competing platforms as the same complements become available on … different platforms. We argue that complement providers face tradeoffs when designing their products for multiple platform …
Persistent link: https://www.econbiz.de/10012935537
I examine the release date scheduling of all motion pictures that went into wide release in the US in 1995 and 1996 to investigate the effects of vertical market structure on competition. The evidence suggests that complex vertical structures involving multiple upstream or downstream firms...
Persistent link: https://www.econbiz.de/10014029214
Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...
Persistent link: https://www.econbiz.de/10010202908
We use a simple model of collaborative innovation to structure an empirical analysis of minority equity links in biotechnology alliances between clients and R&D firms. In the model, an equity link is an investment in information acquisition: it improves the ability of the client to learn about...
Persistent link: https://www.econbiz.de/10011560910
Coordination costs in a wholesale market are the need to determine the price and other parameters of the transaction, make the existence of buyers and sellers known to one another, and bring buyers and sellers together. The mitigation of coordination costs, all else equal, should increase...
Persistent link: https://www.econbiz.de/10013082552
We study relational contracts as a means to govern transactions across firm boundaries. We focus on the airline industry, where real-time adaptation of flight schedules under bad weather is not formally contractible, and yet is essential for performance and long-term profitability. While...
Persistent link: https://www.econbiz.de/10012926435
Starting with the framework of New Institutional Economics, this Comment examines the institutional arrangements of Chinese and U.S. governance, and then scrutinizes their respective policy responses to the financial collapse of 2008. The latent thesis is that, notwithstanding differences in...
Persistent link: https://www.econbiz.de/10013077492