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Persistent link: https://www.econbiz.de/10011875060
It is often claimed that the accumulation of "war chests" by incumbents deters entry by high-quality challengers in Congressional elections. This paper presents a game-theoretic analysis of the interaction between an incumbent, potential challengers, an interest group, and a representative...
Persistent link: https://www.econbiz.de/10014105093
What determines structure and profitability across markets for goods and services? Understanding the relationship between market structure and performance is critical for determining effective economic policy governing anti-trust, intellectual property, industry regulation, and international...
Persistent link: https://www.econbiz.de/10010250677
For several years, an increasing number of firms are investing in Open Source Software (OSS). While improvements in such a non-excludable public good cannot be appropriated, companies can benefit indirectly in a complementary proprietary segment. We study this incentive for investment in OSS. In...
Persistent link: https://www.econbiz.de/10010365883
This paper explores the relationship between the intensity of competition in product markets and firms' incentives to lower their production costs by illegal means. Our framework combines a Salop circle with a crime model à la Becker, allowing us to differentiate between several measures for...
Persistent link: https://www.econbiz.de/10010187154
This paper explores the relationship between the intensity of competition in product markets and firms' incentives to lower their production costs by illegal means. Our framework combines a Salop circle with a crime model la Becker, allowing us to differentiate between several measures for the...
Persistent link: https://www.econbiz.de/10010486053
For several years, an increasing number of firms are investing in Open Source Software (OSS). While improvements in such a non-excludable public good cannot be appropriated, companies can benefit indirectly in a complementary proprietary segment. We study this incentive for investment in OSS. In...
Persistent link: https://www.econbiz.de/10010439377
This paper provides a dynamic game of market entry to illustrate entry dynamics in an uncertain market environment. Our model features both private learning about the market condition and market competition, which give rise to the first-mover and secondmover advantages in a unified framework. We...
Persistent link: https://www.econbiz.de/10011921916
Timing of market entry is one of the most important strategic decisions a firm must make, but its decision process becomes convoluted with information and payoff spillovers. The threat of competition pushes firms to enter earlier to preempt their rivals while the possibility of learning make...
Persistent link: https://www.econbiz.de/10012503468
interactions in and across organizations. In the game theoretic conception of rationality, agents reason iteratively about each …
Persistent link: https://www.econbiz.de/10013324375