Showing 1 - 10 of 196
This model describes the working of hub-and-spoke collusion that has been discussed recently by competition policy authorities. We develop a model of tacit collusion between a manufacturer and two retailers, competing a la Rotemberg and Saloner (1986). The best collusive equilibrium between...
Persistent link: https://www.econbiz.de/10011083474
We develop a model of interlocking bilateral relationships between upstream firms (manufacturers) that produce differentiated goods and downstream firms (retailers) that compete imperfectly for consumers. Contract offers and acceptance decisions are private information to the contracting...
Persistent link: https://www.econbiz.de/10011084283
international competitiveness - to a lack of innovative activity. In Germany the Innovationskrise (innovation crisis) combines with … for the 1990s. This paper documents the extent of this economic dilemma confronting Germany as well as the rest of Western …
Persistent link: https://www.econbiz.de/10005661481
The intellectual breakthrough contributed by the new growth theory was the recognition that investments in knowledge and human capital endogenously generate economic growth through the spillover of knowledge. Endogenous growth theory does not explain how or why spillovers occur. The missing link...
Persistent link: https://www.econbiz.de/10005504210
countries (LDCs). It starts by discussing the consequences of IP enforcement in LDCs for global innovation and welfare in poorer …
Persistent link: https://www.econbiz.de/10005504337
This paper studies the diffusion of a new technology that is brought to market while its potential is still uncertain. We consider a dynamic game in which firms improve both a new and a rival old technology while learning about the relative potential of both technologies. We use the model to...
Persistent link: https://www.econbiz.de/10005504449
This paper is a study of licensing in a patent thicket. In a patent thicket licensing allows firms to avoid hold-up. It will have different effects on firms' R&D incentives depending on whether firms license existing or future patents. Building on a model of a patent portfolio race, firms'...
Persistent link: https://www.econbiz.de/10005504462
A few recent contributions have claimed that in high-tech industries—where innovation is often cumulative and products … royalty stacking problem to exist: (a) innovation must be cumulative, so that the patents are complementary; (b) there must be …
Persistent link: https://www.econbiz.de/10005504558
This Paper surveys the economic literature on the impact of trade unions on innovation. There are many theoretical … routes through which unions may have an effect on innovation, for example through their effects on relative factor prices …&D, innovation, technological diffusion and productivity growth. North American results find consistently strong and negative impacts …
Persistent link: https://www.econbiz.de/10005504563
We show that when the researcher’s (observable but not contractible) contribution to innovation is crucial, a covenant …
Persistent link: https://www.econbiz.de/10005504700