Holders of standard-essential patents must provide access to potential licensees on fair, reasonable, and non-discriminatory terms (FRAND). In the context of industrial economics, standardization shifts the demand curve outward. On one hand, profits from standardization can flow to the owners of...

Wirtschaft und Wirtschaftspolitik in der Bundesrepublik Deutschland -- Wirtschaftsverfassung und ökonomische Theorie der Verfassung -- Wettbewerbspolitik -- Rentenpolitik -- Gesundheitspolitik -- Umweltpolitik -- Energiepolitik -- Verkehrspolitik -- Arbeitsmarktpolitik -- Bildungspolitik --...

Despite the scepticism raised by the German Monopoly Commission our analysis shows that the revised theory of contestable markets can be applied to the telecommunications market better than expected. The original contestable market theory implied three assumptions necessary to be satisfied to...