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Mukherjee, Arijit - University <Nottingham> / Department of Economics - 2005

We show the effects of Bertrand and Cournot competition on R&D investmentand social welfare in a duopoly with R …&D competition where success in R&D isprobabilistic. We show that R&D investments are higher under Bertrand (Cournot)competition when … Cournot competition can generate highersocial welfare in absence of knowledge spillover and this happens if R&D is drastic …

Persistent link: https://www.econbiz.de/10005868763

BERTRAND VS. COURNOT COMPETITION INASYMMETRIC DUOPOLY: THE ROLE OFLICENSING

Mukherjee, Arijit - University <Nottingham> / Department of Economics - 2003

This paper shows the possibility of higher welfare under Cournot competitionin an asymmetric cost duopoly when the …

Persistent link: https://www.econbiz.de/10005868909

ENTRY, LICENSING AND WELFARE

Mukherjee, Arijit; Mukherjee, Soma - University <Nottingham> / Department of Economics - 2005

We show the welfare effects of entry in presence of technology licensingunder Cournot competition. If the entrant is …

Persistent link: https://www.econbiz.de/10005868772

WELFARE EFFECTS OF ENTRY: THE IMPACT OFLICENSING

Mukherjee, Arijit; Mukherjee, Soma - University <Nottingham> / Department of Economics - 2003

This paper shows that the possibility of licensing can significantly alter theeffects of entry on social welfare. We find that while licensing with output royaltyalways raises welfare due to entry, licensing with up-front fixed-fee reduces thepossibility of lower welfare compared to a situation...

Persistent link: https://www.econbiz.de/10005868907

Welfare Analysis in a Cournot Game with a Public Good

Dasgupta, Indraneel - University <Nottingham> / Department of Economics

comparisons, from demand functions generated by Cournot-Nash equilibria ingames with public goods. …

Persistent link: https://www.econbiz.de/10005869209

COURNOT Vs STACKELBERG EQUILIBRIA WITH APUBLIC ENTERPRISE AND INTERNATIONALCOMPETITION

Cornes, Richard; Sepahvand, Mehrdad - University <Nottingham> / Department of Economics - 2003

of moves to show thati) Cournot competition is not the subgame perfect Nash equilibriumof the extended game, ii) the only …

Persistent link: https://www.econbiz.de/10005868901

ENTRY IN A STACKELBERG PERFECTEQUILIBRIUM

Mukherjee, Arijit - University <Nottingham> / Department of Economics - 2005

This paper considers welfare effects of entry when the incumbent firmbehaves like a Stackelberg leader in the product market. In contrast to previous work(Klemperer, 1988, Journal of Industrial Economics), we show that entry may alwaysincrease welfare. Using general demand function, we show the...

Persistent link: https://www.econbiz.de/10005868767

Entry in a vertically separated industry:price vs. quantity competition

Mukherjee, Arijit; Broll, Udo; Mukherjee, Soma - University <Nottingham> / Department of Economics - 2004

This paper considers the effects of entry in the final goods market when the input market is imperfectly competitive. We show that entry of a new firm may increase profit of the incumbent if the technology of the entrant is sufficiently inferior to that of the incumbent...

Persistent link: https://www.econbiz.de/10005868787

LICENSING AND WELFARE REDUCING COMPETITION

Mukherjee, Arijit; Mukherjee, Soma - University <Nottingham> / Department of Economics - 2003

This paper shows that technology licensing may be socially undesirable. Possibility of licensing increases the incentive for entry and thus, increases competition. If technology of the incumbent and entrant is sufficiently close, licensing-induced entry reduces social welfare. Otherwise,...

Persistent link: https://www.econbiz.de/10005868809

Real Options Game Models of R&D Competition between Asymmetric Firms with Spillovers

Leung, Chi Man - 2016

Using real options game models, we consider the characterization of strategic equilibria associated with an asymmetric R&D race between an incumbent firm and an entrant firm in the development of a new innovative product under market and technological uncertainties. The random arrival time of...

Persistent link: https://www.econbiz.de/10013008394

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