Results 171 to 180 of about 150,054 (288)
Innovation, Licensing, and Competition: Evidence From Genetically Engineered Crops
The Journal of Industrial Economics, EarlyView.ABSTRACT We provide a novel empirical analysis of the role of technology licensing, between competitors, for genetically engineered (GE) traits in the US seed industry. We extend the standard differentiated‐product Bertrand pricing model to include trait licensing, which permits us to recover marginal costs and (otherwise unobserved) royalty rates ...
GianCarlo Moschini, Edward D. Perry
wiley +1 more source
The Determinants of Negotiated Pharmaceutical Prices
The Journal of Industrial Economics, EarlyView.ABSTRACT We focus on the determinants of pharmaceutical drug prices. Using data from the Brazilian pharmaceutical market, we find large variations in drug prices across buyers, drug classes, and time periods. Our estimation results provide evidence that transaction‐specific determinants between buyers and sellers (e.g., transaction volume, buyer's ...
Ralph B. Siebert +2 more
wiley +1 more source
The Optimal Bribe: Price Versus Quantity Competition in Oligopolies
The Manchester School, EarlyView.ABSTRACT We analyze an entry deterrence model between an incumbent firm and a potential entrant, where the incumbent strategically offers bribes to local officials to raise entry barriers. Our focus is a three‐stage Bertrand game under incomplete information in a differentiated goods market.
Vishavdeep Sharma +1 more
wiley +1 more source
The theory of epidemics with altruism. [PDF]
Proc Natl Acad Sci U S ALynch MP +4 more
europepmc +1 more source
Quantitative Effects of Employment Protection in OECD Labor Markets
The Manchester School, EarlyView.ABSTRACT This paper explores the quantitative role played by Employment Protection Legislation over employment and on‐the‐job training in the presence of dual labor markets across OECD economies. We extend the search and matching model by introducing formal education and investment decisions in training by firms, and a gap in firing costs between fixed‐
Joaquín Naval, José I. Silva
wiley +1 more source
From simultaneous to leader-follower play in direct reciprocity. [PDF]
PNAS NexusLaPorte P, Pracher L, Pal S.
europepmc +1 more source
Cross‐Ownership and Endogenous R&D Risk in Cournot Triopoly
The Manchester School, EarlyView.ABSTRACT We examine how cross‐ownership influences firms' endogenous R&D risk‐taking in a Cournot triopoly, where two “insider” firms hold passive equity stakes in each other, and a third firm remains unaffiliated. Firms invest in stochastic R&D that lowers marginal costs and choose their risk level—measured by outcome variance—prior to quantity ...
Mingqing Xing, Ally Quan Zhang
wiley +1 more source
Efficient Nash Equilibrium Resource Allocation Based on Game Theory Mechanism in Cloud Computing by Using Auction. [PDF]
PLoS One, 2015 Nezarat A, Dastghaibifard GH.
europepmc +1 more source
A Formal Theory of Robert Nozick's Framework for Utopia
Noûs, EarlyView.ABSTRACT This paper offers the very first formal model of Robert Nozick's model of possible worlds and his vision of a utopian society, as outlined in Part III of Anarchy, State, and Utopia. Nozick envisioned utopia as a meta‐utopia—a collection of self‐organized, voluntary sub‐communities—arguing that such an institutional framework is equivalent to ...
Susumu Cato, Hun Chung
wiley +1 more source
The Role of Labour Market Institutions in Shaping Euro Area Monetary Policy Transmission
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT We examine how labour market institutions shape monetary policy transmission in euro area countries. A theoretical model suggests that higher union density flattens the Phillips curve, amplifying output responses while dampening the inflation effects of monetary shocks. This is empirically confirmed using an interacted panel VAR.
Maximilian Boeck, Christian Glocker
wiley +1 more source