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Persistent link: https://www.econbiz.de/10009405846
We analyze investment incentives for a firm A owning a software platform and an application and a firm B deciding …
Persistent link: https://www.econbiz.de/10010730047
We study and endogenous growth model where a profit-motivated R&D sector coexists with the introduction of free blueprints invented by philanthropists. These goods are priced at marginal cost, contrary to proprietary ones, which are produced by a monopoly owned by the inventor. We show that...
Persistent link: https://www.econbiz.de/10005662038
We consider a firm A initially owning a software platform (e.g. operating system) and an application for this platform … against expropriation of rents. The different pieces of software are considered as assets in the sense of the property rights … firms invest in physical (and not in human) capital and that there is non-rivalry in consumption for software. …
Persistent link: https://www.econbiz.de/10005212470
We extend the well-known spatial competition model (d'Aspremont et al., 1979) to a continuous time model in which two firms compete in each instance. Our focus is on the entry timing decisions of firms and their optimal locations. We demonstrate that the leader has an incentive to locate closer...
Persistent link: https://www.econbiz.de/10014141414
We extend the well-known spatial competition model (d'Aspremont et al., 1979) to a continuous time model in which two firms compete in each instance. Our focus is on the entry timing decisions of firms and their optimal locations. We demonstrate that the leader has an incentive to locate closer...
Persistent link: https://www.econbiz.de/10010415920
We investigate the product positioning decisions of two firms with differential marginal production costs, which enter a market sequentially under a continuous-time duopoly competition. We show that, if the follower firm optimally chooses its entry timing, the leader firm strategically positions...
Persistent link: https://www.econbiz.de/10012841129
Entry analysis and potential competition doctrine have much in common. Both draw from predictions about future entry. Both require difficult assessments of entry barriers and incentives. Both are currently a doctrinal mess. This Article offers a clarifying perspective. Instead of separating...
Persistent link: https://www.econbiz.de/10013291064
We outline the conditions for efficient entry order and clustering in a triopoly preemption game in which firms differ in their sunk costs of entry. The critical factor turns out to be how symmetric the potential entrants are. If the cost asymmetry between the firms is sufficiently large, entry...
Persistent link: https://www.econbiz.de/10013312213
We present a two-firm model of predation under complete information, based on different discount factors, and integrate it with a model of collusion. Competition, collusion and predation are seen as alternative strategies. The basic conclusions are that there is predation when one firm has a...
Persistent link: https://www.econbiz.de/10014072682