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interim, firms that had achieved dominant positions through innovation often embraced new technologies slowly, sometimes …
Persistent link: https://www.econbiz.de/10014223722
monopoly "leveraging" makes sense as an anti-competitive act. Three cases are discussed and contrasted: The IBM case of the …
Persistent link: https://www.econbiz.de/10014143415
When an improvable durable good (such as packaged software) saturates the market, the seller could be tempted to release new versions too frequently, hurting her profit. A novel contractual device, which we term as a Free New Version Rights warranty (Free NVR warranty), can help the seller...
Persistent link: https://www.econbiz.de/10014052060
In the modern theory of growth, monopoly plays a crucial role both as a cause and an effect of innovation. Innovative …. This theme of monopoly runs throughout the theory of growth, international trade, and industrial organization. We argue … that monopoly is neither needed for, nor a necessary consequence of innovation. In particular, intellectual property is not …
Persistent link: https://www.econbiz.de/10014072246
A striking characteristic of high-tech products is the rapid decrease of their quality-adjusted prices. Empirical studies show that the rate of decrease of QAPs is typically not constant over time; QAPs decrease rapidly at early stages of the product and then the rate of decrease tapers off....
Persistent link: https://www.econbiz.de/10014107500
Against Intellectual Monopoly by Boldrin and Levine (“B&L”) makes the case that intellectual property does not promote … innovation or lead to greater economic growth, by highlighting numerous examples from industries in which innovation increased … without patent or copyright protection. The authors also argue that companies only try to obtain an intellectual monopoly …
Persistent link: https://www.econbiz.de/10014111564
While selling an existing product, a durable-goods monopolist may develop a new, improved product. The firm must consider the interaction between its intertemporal pricing and research and development (R&D) decisions. The interactions show a sharp dichotomy depending on pricing regimes. When it...
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