This paper explores the decentralized licensing of complementary patents reading on a technology standard. We develop a model in which manufacturers must buy licenses from different patent owners in order to enterenter the market for differentiated standard-compliant products. We consider three...

This paper proposes a normative analysis which investigates the optimal management of private practices within a public hospital. Private income supplementation induces consultants to attend to more patients which reduces waiting lists and the public cost of healthcare. It is however optimal to...

This paper analyses procurement from two, risk-averse, suppliers who are responsible for the timely delivery of some inputs. Their production is subject to inherent disruptions. We characterize the optimal contracts when suppliers can invest to lower the risk of delays that are costly to the...

This paper characterizes the optimal contracts issued to suppliers when delivery is subject to disruptions and when they can invest to reduce such a risk. When investment is contractible dual sourcing is generally optimal because it reduces the risk of disruption. The manufacturer (buyer) either...