The main purpose of this paper is to analyze the influence of previous experience and learning capabilities on survival in product and process innovation for Spanish manufacturing firms in the period 1990-2010. The authors find past and path dependence and confirm the important effect of R&D...

The main purpose of this paper is to analyse the influence of previous experience and learning capabilities on survival in product and process innovation for Spanish manufacturing firms in the period 1990–2010. The authors find past and path dependence and confirm the important effect of R&D...

Applying economic analysis, we explore the potential benefits and risks associated with firm-based and social production models and derive conditions that determine when open or closed innovation models are more appropriate. We contrast the newly emerging "user-generated approach" to innovation...

I present a vertical differentiation model to assess the quality-wise strategy of an incumbent telecommunications operator under open access regimes. I show that it is always profitable for an incumbent subject to wholesale regulation to degrade wholesale quality in a non-recoverable fashion....

If entry requires accommodation by retailers, the incumbent manufacturer may transfer profits to retailers to maintain his dominant position (Asker and Bar-Isaac 2014). This paper shows that such an incentive to transfer will induce the high quality entrants to disclose the quality of their...

In this paper we develop an analytical model that characterizes the structure of price dispersion observed in electronic markets. Findings of our model are consistent with empirical evidence in these e-markets. We show that when different types of buyers' have different search costs, firms...

This paper contains a theoretical analysis demonstrating that a retail price floor can increase the expected profits of an upstream firm when it is asymmetrically informed about the state of product demand. The retail price floor serves to eliminate the incentives of the upstream firm to...

Contract stipulations tend to be subject to commodity standards. Standards make it clearer what transactors have agreed upon. They also bring stipulations from different contracts under a common denominator. The lower the cost of measuring an attribute and the wider the range of its application,...

Using a sample of long-term supply contracts collected from SEC filings, I show that hold-up concerns and information asymmetry are important determinants of contract design. Asymmetric information between buyers and suppliers leads to shorter term contracts. However, when longer duration...