We analyze strategic interactions between two competing distributors of an independent TV channel. Consistent with most of the relevant markets, we assume that the distributors set end-user prices while the TV channel sets advertising prices. Within this framework we show that the distributors...

The entry of a foreign firm has two counterbalancing effects on domestic social welfare. As the competition level in the domestic market increases by the entry, domestic incumbent firms' outputs and profits decrease. On the other hand, the price goes down and thus consumers' surplus increases....

The authors share some of their methodological recommendations based on their TRM-consultancy experience. They recommend: (1) using an ‘environment’ dimension of analysis (i.e. layer of the roadmap) instead of just ‘market’, (2) avoiding the usage of the popular oversimplified version of...

In this paper we analyze how industrial property rights (IPRs), measured by patents granted, affect competition at the industry level, and their induced effects on firms’ innovation incentives. We use for that purpose a panel dataset of Spanish manufacturing firms for the period 1990-2006....

In 2009, the growth and revenue performance of district firms in Italy deteriorated sharply. The effects of the 2009 crisis were evident also in terms of distribution performance as the gap between the best and worst-performing firms widened. Nevertheless, despite the difficult economic...

The article illustrates some of the key results of an analysis to measure the mediumterm competitiveness of SMEs (small and medium enterprises), with the aim of identifying and clustering their BM (business models) according to a specific set of key competitive factors; the combination of these...

A primera vista parecería natural conjeturar que los efectos sobre el bienestar social ocasionados por empresas con poder de mercado varían de acuerdo con los ingresos de los consumidores, o inclusive de acuerdo con las regiones donde las empresas con poder de mercado venden sus productos....

In R&D intensive industries, governments promote greenfield foreign investments, while being sceptical towards foreign acquisitions of domestic high-quality firms. We develop a theoretical model that shows that foreign acquisitions are conducive to high-quality targets because of strategic...

Patent counts are very imperfect measures of innovative output. This paper discusses how additional data-the number of years a patent is renewed and the number of countries in which protection for the same invention is sought - can be used to improve on counts in studies which require a measure...

Motivated by the regulatory debate in electricity markets, we seek to understand how market design affects market performance through its impact on investment incentives. For this purpose, we study a two-stage game in which firms choose their capacities under demand uncertainty prior to bidding...