Similar Search Results

Bühler, Stefan; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2003

We examine vertical backward integration in oligopoly. Analysing a standard linear Cournot model, we find that for wide parameter ranges (i) some firms integrate, while others remain separated, and (ii) efficient firms are more likely to integrate vertically. Adopting a reduced-form approach, we...

Persistent link: https://www.econbiz.de/10005504590

Backwards Integration and Strategic Delegation

Hunold, Matthias; Röller, Lars-Hendrik; Stahl, Konrad - C.E.P.R. Discussion Papers - 2012

We analyze the effects of one or more downstream firms’ acquisition of pure cash flow rights in an efficient upstream supplier when firms compete in prices in both markets. With such an acquisition, downstream firms internalize the effects of their actions on that supplier’s and thus, their...

Persistent link: https://www.econbiz.de/10011084651

Buyers' Coordination and Entry

Fumagalli, Chiara; Motta, Massimo - C.E.P.R. Discussion Papers - 2001

Miscoordination of buyers might prevent entry in an industry with an incumbent and a more efficient potential entrant. Buyers' power therefore favours entry by eliminating coordination problems. We also identify a mechanism which facilitates entry: if the potential entrant could credibly offer...

Persistent link: https://www.econbiz.de/10005789109

Venture Capital and Knowledge Transfer

Dessí, Roberta; Yin, Nina - C.E.P.R. Discussion Papers - 2015

communicate valuable knowledge to an entrepreneur, facilitating innovation. The venture capitalist can also communicate the … transfer, and their implications for investment, innovation, and product market competition. The model also sheds light on the …

Persistent link: https://www.econbiz.de/10011168896

Innovation, Spillovers and Venture Capital Contracts

Dessí, Roberta - C.E.P.R. Discussion Papers - 2012

Innovative start-ups and venture capitalists are highly clustered, benefiting from localized spillovers: Silicon Valley is perhaps the best example. There is also substantial geographical variation in venture capital contracts: California contracts are more 'incomplete'. This paper explores the...

Persistent link: https://www.econbiz.de/10011084393

The Circulation of Ideas: Firms Versus Markets

Hellmann, Thomas F; Perotti, Enrico C - C.E.P.R. Discussion Papers - 2006

environment that allows ideas to cross firm boundaries enhances the rate of innovation and creates a symbiotic relationship …

Persistent link: https://www.econbiz.de/10005789111

Curb Your Innovation: Corporate Conservatism in the Presence of Imperfect Intellectual Property Rights

Baccara, Mariagiovanna; Razin, Ronny - C.E.P.R. Discussion Papers - 2004

firm’s size on the incentives and behaviour of firms towards innovation. In particular we highlight the following findings … incentives to promote innovation in firms. (iii) Firm shareholders may have incentives to curtail innovation even if these …

Persistent link: https://www.econbiz.de/10005124054

Pricing Patents for Licensing in Standard Setting Organisations: Making Sense of FRAND Commitments

Layne-Farrar, Anna; Padilla, Atilano Jorge; … - C.E.P.R. Discussion Papers - 2007

We explore potential methods for assessing whether licensing terms for intellectual property declared essential within a standard setting organization can be considered fair, reasonable, and non-discriminatory (FRAND). We first consider extending Georgia-Pacific to a standard setting context. We...

Persistent link: https://www.econbiz.de/10005504215

Exclusive Dealing, Entry and Mergers

Fumagalli, Chiara; Motta, Massimo; Persson, Lars - C.E.P.R. Discussion Papers - 2005

We extend the literature on exclusive dealing by allowing the incumbent and the potential entrant to merge. This uncovers new effects. First, exclusive deals can be used to improve the incumbent’s bargaining position in the merger negotiation. Second, the incumbent finds it easier to elicit...

Persistent link: https://www.econbiz.de/10005504295

Entrepreneurial Innovations, Competition and Competition Policy

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2008

product competition tends to increase the relative profitability of innovation for sale relative to entry. Increased …, implies that the incentive for innovation for sale can increase with increased competition. Finally, we show that a stricter … competition for the innovation, without reducing the total rents for innovations too much. …

Persistent link: https://www.econbiz.de/10005497863