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We analyze the pricing behavior of firms when explicit partial cartels have formed in experimental markets through communication. Using a repeated, asymmetric capacity constraint price game, we show that, in line with theory, a partial cartel is sufficient to increase market prices for all...
Persistent link: https://www.econbiz.de/10011897162
, campaign contributions, bribes or the adoption of incompatible technologies. This paper proposes a simple oligopoly model which … entry of potential rivals and accentuating standard oligopoly distortions, may foster R&D-based growth and welfare. However …
Persistent link: https://www.econbiz.de/10013139546
Intellectual property rights and competition policy are intimately related. In this paper I survey the economic literature analyzing the interaction between intellectual property law and competition law and how the boundary between these two policies is drawn in practice. Recognizing that...
Persistent link: https://www.econbiz.de/10010320154
oligopoly as a linear public good. -- Cartel ; Oligopoly ; Bertrand ; Cournot ; Public Good ; Externality ; Experiment …
Persistent link: https://www.econbiz.de/10003877116
This paper develops a three stage oligopoly game for R&D cooperation, R&D expenditure and product market competition … level of R&D investment is determined. Finally, firms compete in a Cournot-oligopoly product market. While earlier models on …
Persistent link: https://www.econbiz.de/10011441694
This paper introduces a second, vertically related industry into the usual one-industry oligopoly framework of …
Persistent link: https://www.econbiz.de/10011545122
oligopoly. Our analysis reveals that the complete network, where each firm collaborates with all others, is uniquely stable …, industry-profit maximizing and efficient. This result is in contrast with earlier contributions in private oligopoly where …
Persistent link: https://www.econbiz.de/10014219137
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We … higher. The results obtained are robust in the context of a Bertrand oligopoly model with product differentiation …
Persistent link: https://www.econbiz.de/10012945054
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We … results obtained are robust in the context of a Bertrand oligopoly model with product differentiation …
Persistent link: https://www.econbiz.de/10012968051
Antitrust law has long been mindful of the danger that firms may misuse their patents to facilitate price fixing. Courts and commentators addressing this danger have assumed that patent-facilitated price fixing occurs in a single market. In this Article, we extend conventional analysis to...
Persistent link: https://www.econbiz.de/10013224169