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Empirical studies have found that enhanced foreign competition can encourage or discourage innovation. To address this relationship, I examine a market structure in which a small number of large multi-product oligopolists compete with a large number of small single-product firms in the same...
Persistent link: https://www.econbiz.de/10014436971
Persistent link: https://www.econbiz.de/10014011851
We develop a model of large multinational enterprises, each one producing a continuum of products. These outsized firms compete as oligopolists in a domestic and foreign market, facing competitive pressure from single-product firms that engage in monopolistic competition. The multinational...
Persistent link: https://www.econbiz.de/10012659995
We examine the relationship between large firms and the rising profit share in a model that features oligopolistic competition and consumer heterogeneity. Conditional on the sales distribution, the presence of consumer heterogeneity increases the profit share because it increases firm-level...
Persistent link: https://www.econbiz.de/10012814421
We propose a general equilibrium economy with oligopolistic output markets in which two channels can cause a change in market power: (i) technology, via changes to productivity shocks and the cost of entry, (ii) market structure, via changes to the number of potential competitors. First, we...
Persistent link: https://www.econbiz.de/10012533310
I show that buyer power of firms could either increase or decrease their technology adoption, depending on the direction of technical change and on which input markets are imperfectly competitive. I examine this relationship empirically in a setting that features both concentrated labor markets...
Persistent link: https://www.econbiz.de/10013435148
We examine the impact of lost intellectual property protection on innovation, competition, acquisitions, lawsuits and employment agreements. We consider firms whose ability to protect intellectual property (IP) using patents is weakened following the Alice Corp. vs. CLS Bank International...
Persistent link: https://www.econbiz.de/10013462719
general equilibrium model with a hedonic demand system in which firms compete in a network game of oligopoly. Firms are …
Persistent link: https://www.econbiz.de/10013191098
In theory, equilibrium profits for drug patent holders would not involve significant restraints on production and … through insurance plans. This paper provides a quantitative model consistent with the theory and evidence in which pharmacy … benefit management on behalf of insurance plans serves these and other purposes in both monopoly and oligopoly provider …
Persistent link: https://www.econbiz.de/10013334448
We introduce a model of oligopoly dynamic pricing where firms with limited capacity face a sales deadline. We establish …
Persistent link: https://www.econbiz.de/10013362001