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The contributory infringement rule assesses liability to a third party that contributes tothe infringement of a patent. Not only are firms that directly infringe liable, those whoindirectly contribute are also liable. We investigate how this rule affects the creation of anetwork of members...
Persistent link: https://www.econbiz.de/10009360891
When adjustment costs are present, cyclical preference and technology heterogeneities in aproduct’s markets induce cycles in production. We exploit cyclic and dihedral groupinvariances in an industry’s cost technology to describe these patterns. We show whenequilibrium cyclical pricing and...
Persistent link: https://www.econbiz.de/10009360903
Welfare in a two-product Cournot oligopoly is shown to increase (decrease) with an increase incorrelation between unit costs when the outputs complement (substitute) in demand. A morequalified correlation structure is required for the result to apply in a three-product Cournotoligopoly when...
Persistent link: https://www.econbiz.de/10009360904
This paper compares the welfare under two standard alternative exchange rate regimes, fixed andflexible, in a stochastic dynamic general equilibrium two-country setting. Conventional wisdomholds that countries often prefer low exchange-rate variability to stabilize trade. This may explainthe...
Persistent link: https://www.econbiz.de/10009360922
Programming models approximate market prices and quantities when regulations constrain firm choices, because market outcomes result when welfare is appropriately defined and includes performance and environmental constraints. This study discusses market operation in quality-constrained sectors,...
Persistent link: https://www.econbiz.de/10009418931
phenomenon poses numerous challenges for the design of public pension programs and labor market policies. To better understand … the lifecycle affects aggregate labor market activity, and in particular, unemployment. While much work has been done on … exploring how the lifecycle influences individual labor market behavior, its impact on aggregate labor market outcomes is far …
Persistent link: https://www.econbiz.de/10009418937
We consider optimal trade policy for a large country with private information. We show that the optimal tariff leads to a signaling equilibrium with higher tariffs and lower welfare than under complete information, whereas the optimal import quota replicates the complete information equilibrium...
Persistent link: https://www.econbiz.de/10009418956