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Oligopolistic competition is analyzed in a complete information multi-principal common agency framework, where principals are firms supplying differentiated goods and the agent is a representative consumer. We first propose a canonical formulation of common agency games, and a parameterization...
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We consider the problem of bargaining over the disclosure of interim research knowledge, between two participants in a R&D race or contest, for an ultimate, patentable invention. Licensing fee schedules, as functions of the "amount of knowledge" disclosed by the leading to the lagging agent, are...
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In this note we compare, at given costs, the welfare effects of two policies aiming at reducing unvoluntary unemployment: unemployment benefits allocated to unemployed workers alld employment subsidies allocated to firms.
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