This paper analyses the economic consequences of labeling in a setting with two vertically related markets. Labeling on the downstream market affects upstream price competition through two effects: a differentiation effect and a ranking effect. The magnitude of these two effects determines who...

In the context of global environmental change, European forests are expected to fulfil a broad range of functions, including the supply of raw materials to the bioeconomy, biodiversity preservation, and the provision of ecological services. Given fast progress in applied genetics, the selection...

Basic innovations are often fundamental to the development of applications that maybe developed by other innovators. In this setting, we investigate whether patent pools canrectify the lack of incentives for developers to invest in applications. Following Green andScotchmer (1995), we also...