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We consider innovation contests for the procurement of an innovation under moral hazard and adverse selection. Innovators have private information about their abilities, and choose unobservable effort in order to produce innovations of random quality. Innovation quality is not contractible. We...
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Strategische Allianzen sind heute in nahezu allen Wirtschaftssektoren zu finden. Sie werden dabei nicht nur auf nationaler, sondern verbreitet auch auf internationaler Ebene eingegangen, woraus häufig kontinentübergreifende Netzwerke von Unternehmen resultieren, die Einfluß auf die gesamte,...
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reduces entry barriers and can increase competition. Using data from US markets from 1995 to 2004, we estimate the effects of … competition. However, controlling for actual competition, ISR authorization causes an average reduction in prices of 32.7 percent … promotes potential competition and lower prices in markets where the threat of hit-and-run entry is more credible …
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