Results 151 to 160 of about 150,054 (288)

Bank Capital and Misconduct Incentives

open access: yesJournal of Economics &Management Strategy, EarlyView.
ABSTRACT This paper studies large banks' incentives to engage in misconduct by abusing their dominant position in the market for loans and by mis‐selling an add‐on financial product to depositors. We draw new connections between stability‐focused prudential regulation and misconduct by studying the impact of higher capital requirements on misconduct ...
Jacob Seifert
wiley   +1 more source

Cross Ownership Versus Merger Under Product Differentiation

open access: yesJournal of Economics &Management Strategy, EarlyView.
ABSTRACT We compare the merger participants' profits under a merger and under cross ownership (CO) in an oligopolistic industry with horizontally differentiated products. We show under Cournot competition that the merger participants would be better off under a symmetric CO than a merger.
Arijit Mukherjee
wiley   +1 more source

Protecting Intermediate Innovations When Ideas Are Scarce: Patents or Secrecy?

open access: yesJournal of Economics &Management Strategy, EarlyView.
ABSTRACT Patenting an intermediate research innovation can lead to competition for the development of a final commercial innovation and potentially induce wasteful duplicative R&D efforts. This study examines the effects of different protection strategies and patent life on the incentives to protect an intermediate innovation by considering a two‐stage
Bonwoo Koo, Jangho Yang, Brian D. Wright
wiley   +1 more source

Recency, consistent learning, and Nash equilibrium. [PDF]

open access: yesProc Natl Acad Sci U S A, 2014
Fudenberg D, Levine DK.
europepmc   +1 more source

Buyer Power and the Effect of Vertical Integration on Innovation

open access: yesJournal of Economics &Management Strategy, EarlyView.
ABSTRACT Our article investigates the impact of vertical integration (without foreclosure) on innovation. We compare cases where either (i) two manufacturers or (ii) a manufacturer and a vertically integrated retailer invest. Then, the independent manufacturer(s) and the retailer bargain over nonlinear contracts before selling to consumers.
Claire Chambolle, Morgane Guignard
wiley   +1 more source

Serial Investing and Strategic Commitment in Markets With Unknown Competitors

open access: yesJournal of Economics &Management Strategy, EarlyView.
ABSTRACT We study how serial investors who regularly face unknown competitors attempt to make their projects dominant. Innovating in new markets often involves uncertainty over the nature of the final product and who the key competitors will be. Such projects also have long‐term funding needs, so a commitment to provide the necessary funds imparts a ...
Naveen Khanna, Richmond Mathews
wiley   +1 more source

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