We examine the effects of market structure and the internal organization of firms on equilibrium R&D projects. We compare a monopolist’s choice of R&D portfolio to that of a welfare maximizer. We next show that Sah and Stiglitz’s finding that the market portfolio of R&D is...

We examine the effects of market structure and the internal organization of firms on equilibrium R&D projects. We compare a monopolist’s choice of R&D portfolio to that of a welfare maximizer. We next show that Sah and Stiglitz’s finding that the market portfolio of R&D is...

Professor Michael Katz presented Sender or Receiver: Who should pay to Exchange an Electronic Messages? at an ISCR seminar in February 2005.

Copies of slides/presentations from course held 25 and 26 January on Industrial Organisation and Competition Policy prepared for NZ Government Officials. Downloadable documents in order: Network Economics Michael Katz The Appropriate Objective of Competition Policy Michael Katz Recent...

Three studies used the Palestinian-Israeli context to investigate the tendency for political antagonists to derogate each other's compromise proposals. In study 1, Israeli Jews evaluated an actual Israeli-authored peace plan less favorably when it was attributed to the Palestinians than when it...

The Microsoft antitrust case focused public attention on the role of antitrust enforcement in preserving the forces of innovation in high-technology markets. Traditionally, regulators focused on whether companies artificially hiked prices or reduced output. Now, they're increasingly likely to...