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This papers sheds light on the puzzling evidence that even though open source software (OSS) is a public good, it is …
Persistent link: https://www.econbiz.de/10014065093
Open source software, developed by volunteers, appears counter to the conventional wisdom that private provision of … specialized software may be difficult to write and ownership rights do not necessarily elicit socially optimal effort. I consider … three mechanisms that improve the likelihood that firms can obtain the software they need: pre-packaged software …
Persistent link: https://www.econbiz.de/10014069843
We examine two episodes of strategic interaction in the U.K. betting industry: (i) Betfair (an entrant multi-sided platform, or MSP) vs. Flutter (also an MSP), and (ii) Betfair vs. traditional bookmakers. We find that although Betfair was an underfunded second mover in the betting exchange...
Persistent link: https://www.econbiz.de/10012019905
This paper examines the questions of who participates in the provision of a public good through the voluntary participation of agents in the presence of strong complementarity between a public good and a private good. We show that the greater the initial endowment of the private good that agents...
Persistent link: https://www.econbiz.de/10009427088
We study an endogenous growth model where a profit-motivated R and 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/10011409970
I develop a dynamic investment game with a "memoryless" R&D process in which an incumbent and an entrant can invest in a new technology, and the entrant can also invest in the old technology. I show that an increase in the probability of successfully implementing a technology can cause the...
Persistent link: https://www.econbiz.de/10013074109
Coordinating the timing and location of new production facilities is one of the challenges of liberalized power sectors. It is complicated by the presence of transmission bottlenecks, oligopolistic competition, and the unknown prospects of low-carbon technologies. The authors build a model...
Persistent link: https://www.econbiz.de/10011613836
This paper develops a strategy for identification and estimation of complete information games that does not require a regressor that has large support or a parametric specification for the distribution of the unobservables. The identification result uses a nonstandard but plausible condition on...
Persistent link: https://www.econbiz.de/10011798957
This paper develops a modified Stackelberg game model for a duopoly market. Unlike the traditional duopoly where the leader and the follower both exist in the market, the modified model supposes a preexisting leader and a follower that has not yet entered the market. This specific situation has...
Persistent link: https://www.econbiz.de/10012961099
This paper presents an experiment to test effects of sequential entry on stability of collusion in oligopoly markets. Previous research suggests that the larger the number of firms, the harder it is to sustain collusion. We find that when groups start off small and the entrant is informed about...
Persistent link: https://www.econbiz.de/10012713807