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Optimal privatization using qualifying auctions

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Price Commitments in Standard Setting Under Asymmetric Information

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Many observers have voiced concerns that standards create essentiality and thus monopoly power for the holders of standard essential patents (SEPs). To address these concerns, Lerner and Tirole (2015) advocate structured price commitments, whereby SEP holders commit to the maximum royalty they...

Persistent link: https://www.econbiz.de/10012890251