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A firm actively manages its rival's beliefs by disclosing and concealing information on the size of its process innovation. The firm's disclosure strategy results from the trade-off between two effects on product market incentives. First, the firm's competitor learns that the firm is efficient,...
Persistent link: https://www.econbiz.de/10010261185
I study the incentives of oligopolists to acquire and disclose information on a common demand intercept. Since firms may fail to acquire information even when they invest in information acquisition, firms can credibly conceal unfavorable news while disclosing favorable news. Firms may earn...
Persistent link: https://www.econbiz.de/10010264821
I study the incentives of Cournot duopolists to share their technologies with their competitor in markets where intellectual property rights are absent and imitation is costless. The trade-off between a signaling effect and an expropriation effect determines the technology-sharing incentives. In...
Persistent link: https://www.econbiz.de/10010266975
This paper studies the incentives for production cost disclosure in an asymmetric Cournot duopoly. Whereas the efficient firm (consumers) prefers information sharing (concealment) when the firms choose accommodating strategies in the product market, the firm (consumers) may prefer information...
Persistent link: https://www.econbiz.de/10010267006
An innovative firm chooses strategically whether to patent its process innovation or rely on secrecy. By doing so, the firm manages its rival's beliefs about the size of the innovation, and affects the incentives in the product market. Different measures of competitive pressure in the product...
Persistent link: https://www.econbiz.de/10010267007
An innovative firm with private information about its indivisible process innovation chooses strategically whether to apply for a patent with probabilistic validity or rely on secrecy. By doing so, the firm manages its rivals' beliefs about the size of the innovation, and affects the incentives...
Persistent link: https://www.econbiz.de/10010334114
We study the strategic disclosure of demand information and product-market strategies of duopolists. In a setting where both firms receive information with some probability, we show that firms selectively disclose information in equilibrium in order to influence their competitor´s...
Persistent link: https://www.econbiz.de/10011348185
(mit gespaltenem Tarif und exklusiven Vertriebsrechten) mit dem nachgelagerten Einzelhändler ab. Die Koexistenz der beiden …, beobachtbare und nicht nachverhandelbare Verträge angeboten werden. Die Koexistenz der Organisationsformen im Gleichgewicht tritt … weniger häufig auf, wenn die Annahmen bezüglich der Beobachtbarkeit der Verträge und der Möglichkeit sich zu binden, gelockert …
Persistent link: https://www.econbiz.de/10010278044
-) Parameter zu erlangen und diese offen zu legen. Da die Bemühungen der Firmen, Informationen zu erlangen, auch fehlschlagen … können, können sie ungünstige Informationen glaubwürdig unterschlagen und günstige offen legen. In diesem Beitrag werden die … Anreize für eine derartige teilweise Offenlegungsstrategie, sowie die resultierenden Gewinne und die soziale Wohlfahrt mit …
Persistent link: https://www.econbiz.de/10010278130
veröffentlichen Unternehmen schlechte Nachrichten und behalten gute für sich, um Mitbewerber zu entmutigen. Bei Offenlegungspflicht …
Persistent link: https://www.econbiz.de/10010278134