The literature so far has analyzed the effects of Minimum Quality Standards in oligopoly, using models of pure vertical differentiation, with only two firms, and perfect information. We analyze products that are differentiated horizontally and vertically, with imperfect consumers information,...

We study complementarity between product and process innovation in a monopoly setting. First we consider the possibility for the firm to alternatively invest only along one of the two directions and compare the incentives of process vs product innovation. Then we allow the firm to invest...

Aim of this article is to present an overview of the main economic literature focusing on the issue of how technology adoption and the accumulation of technical skills by firms affects the aggregate performance of economic systems. Since the analysis is labour‐demand oriented, a...

This work addresses the optimal design of the monitoring technology for a team when collective liability can not form. It shows that the principal's optimal design choice is then to concentrate monitoring on the less productive agent in a team. By controlling the less productive agent she fully...

In this paper, we study oligopolistic competition between closed and open source softwares. By intersecting existing economic contributions on open source, we propose a two stage game with perfect information and product differetiation in which producers firstly set softwares quality, then they...

In this paper shareholders face the trade-off between providing managers with incentives to exert beneficial effort and to engage in costly fraudulent activity. We solve for the optimal compensation package, given that shareholders can either grant (restricted) stock or stock options and given...

This paper studies the evolution of a network of leading firms that are engaged in an active search to improve their technological capability through interaction with knowledge-heterogeneous firms. Through the simulation of a linear model of technological spillovers we show the emergence of...

We illustrate two differential oligopoly games with capital accumulation where, alternatively, the accumulation dynamics of productive capacity is modelled either `a la Solow—Swan or `a la Ramsey. We show that in the first case the open-loop Nash equilibrium is only weakly time consistent,...

We analyze a two-stage game in a vertically differentiated duopoly with two regions which can differ for the willingness to pay of their consumers or for the market size; firms sequentially choose to settle in one region and then simultaneously compete in prices, selling their products both on...