1,721,007 research outputs found
Entry and exit with information externalities
No full textIn the paper we analyze how the possibility of revealing information to a competitor alters the entry/investment behavior of a first entrant. We show that after entering the market, the firm might
refrain from making further profitable investments in order to hide information from the competitor. Moreover, we show that before entering, the firm anticipates a strategic advantage in choosing an
initially small scale of entry: in this way it "commits" itself to revealing the true state of the market
with its subsequent decisions and this fact is beneficial since it induces the competitor to postpone
entry into market
Industrial Organization Of High-Technology Markets
No full textDescription
This text rigorously blends theory with real-world applications to study the industrial organization of the ICT sector. Each of the self-contained chapters, which can be studied in isolation, contains theoretical models that are presented in a clear and accessible way. Throughout, a series of useful boxes complements and elucidates the theories with additional empirical/anecdotal evidence. This text will be of great interest to advanced undergraduate students with a background in microeconomics and game theory, particularly those taking courses in industrial organization, innovation economics and the economics of networks.
Contents
Contents: 1. Industrial Organisation of High-Tech Markets 2. Digital Markets 3. Network Externalities 4. Two-Sided Networks 5. Access and Interconnection in Telecommunications 6. Cumulative Innovation in Dynamic Industries 7. Imitation, Open Source and File Sharing 8. Antitrust in High-Tech Sectors Reference
How Many Patents Does it Take to Signal Innovation Quality?
Full text linkIn this paper, we offer a novel explanation to the surge in patenting bserved during the last years. With low patentability standards at PTOs (Patent and Trademark Offices awarding so-called bad patents), not only false innovators have the chance of being granted patents but also, and more interestingly, true innovators are forced to patent more intensively trying to signal their type; however, if they are liquidity constrained, true innovators may fail to separate and this fact reduces the incentives to exert effort in R&D activities. Then, drawing on the signaling role of patents highlighted by the model, we investigate some of the proposals that have been put forward in order to mitigate the bad patents problem. We provide an intuitive condition under which a tightening of the patentability standards (raising the bar) reduces the distortions caused by bad patents. Moreover, we show that introducing a two-tiered patent system is unlikely to improve market outcomes
The inefficiency of patents when R&D projects are imperfectly correlated and imitation takes time
No full textIn a realistic framework where the potential innovators' research lines are imperfectly correlated and imitation takes some time, this paper studies an industry regulated by an authority that can subsidize the firms' R&D expenditures. By comparing the market equilibrium emerging when there is patent protection with the market equilibrium emerging without patents, the paper finds that social welfare is higher in the absence of patents. This result is driven by the fact that, without patents, more than one successful inventor may implement its discovery and enter the market, thus reducing the deadweight loss due to imperfect competition
高技术市场的产业组织分析
No full text【内容简介】 该书以产业组织理论为基础,对ICT领域的主要问题进行了深入而全面地经济学分析。如目录所示,全书一共分为八章。在第一章中,作者先对高技术市场的典型特征、主要问题进行了一般性分析。随后,分章节讨论了七个重要话题:第二章分析在线市场或电子市场中存在的价格歧视以及相关的价格离散;第三章聚焦于存在网络效应的市场,重点分析网络效应如何影响对高技术产品的需求与市场均衡,并考察了技术采用的动态性与市场标准的形成;第四章专门探讨双边市场相关问题,并以信用卡行业为例分析平台企业的定价策略;第五章关注ICT领域最重要的部门——电信,主要讨论接入定价、互联互通等问题;第六章考察动态产业中的累积创新,且重点分析专利制度、专利丛林等问题;第七章致力于分析可能背离知识产权保护传统方法的制度——开源与文件共享,并几个典型案例为基础重点讨论这些制度在激励和保护创新方面的作用;第八章讨论高技术部门中最重要的几个反垄断问题,且集中关注ICT领域独特性对反垄断执法与产业政策和竞争政策制定的影
Silk Mills in the Early Modern Italy
Full text linkIn early modern times, Italian silk fabrics and threads dominated European markets. One of the drivers of the success of Italian artisans was the silk mills, able to carry out some crucial phases of silk processing. Particular importance had the mill developed by Bolognese artisans, a fully mechanized mill which is considered an early example of factory system. In this paper, after presenting a brief historical overview of the silk sector in the early modern Italy, we provide a technical description of the working principles of two families of silk mills: the mulino da seta alla bolognese (Bolognese silk mill) and the mulino da seta alla milanese o alla genovese (Milanese or Genoese silk mill)
Economia di Internet & delle Information and Communication Technology - I mercati High Tech fra Innovazione, Reti e Standard
No full textQuesto volume si propone come un testo di economia industriale applicata ai settori delle Information& Communication Technology; la presentazione dei modelli teorici è accompagnata con continui riferimenti a casi concreti e ciò rende la presentazione dei vari argomenti più vivace ed interessante. I diversi capitoli passano in rassegna le principali tematiche legate ai settori dell'ICT: funzionamento dei mercati in presenza di esternalità di rete (dirette ed incrociate), e-commerce e mercati digitali, innovazione nei settori ad alta intensità tecnologica, antitrust nei settori delle ICT. Il testo si rivolge ad un pubblico che, fornito di una preparazione di base in microeconomia e teoria dei giochi, desidera approfondire la conoscenza degli aspetti economici dei settori High Tech
Intellectual Property and Innovation in Information and Communication Technology (ICT)
Full text linkThe aim of this study is to provide a structured review of the role of IPR in fostering innovation and economic growth in the European ICT sector. Typically IPR analysis of industries focuses on patents. In practice, however, IPR strategies are developed combining the use of different IP rights. The scope of analysis considers this and looks at the joint use of patents, trademarks and industrial designs, each protecting a different type of knowledge-based asset. Based on these characteristics, the focus of the research is to provide an overview of the mechanisms typically employed in order to appropriate the returns from R&D investments. For each formal IPR, we briefly review the main contributions to the economic literature, both theoretical and empirical, on the rationale for its existence and the effects it generates on firms’ behaviour and market outcomes. We then highlight the most important emerging issues. In the final section of the study, we focus on the software industry
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