We introduce a flexible third-degree price discrimination framework by modeling the information firms possess about consumers' locations (preferences) on the Salop circle as a partition. Higher information quality is translated into a partition refinement. In the limit, we obtain the perfect...

We study how an incumbent patent holder can use its licensing policy strategically to reduce the threat of further entry. The patent holder can license its technology to another incumbent firm via a low royalty. This licensing strategy makes the terms of future licensing agreements less...

We examine the incentives and implications of supplier encroachment, when final good produc-tion requires the use of multiple complementary inputs and the entry of a supplier into the final good market gives rise to mutual outsourcing of inputs between the encroaching supplier and the incumbent....