Competition and private R&D investment

Privatization, Investment, and Competition

In practice, governments often retain some shares in the ...rms they privatize, the ensuing pro...t distributions being an additional source of revenue. We show for a two-...rm di¤erentiated-product oligopoly how partial state ownership may a¤ect ...rms’ subsequent investment and output behavior. Hence, we determine the optimum retained state ownership share under both Bertrand and Cournot comp...

Private Investment and Government Protection

Hurricane Katrina did massive damage because New Orleans and the Gulf Coast were not appropriately protected. Wherever natural disasters threaten, the government – in its traditional role as public goods provider – must decide what level of protection to provide to an area. It does so by purchasing protective capital, such as levees for a low-lying city. (“Protection” also consists of not impos...

Analytical and Regulatory Issues in the Competition for Private Investment Between and Within Developing Countries

Spatial Competition and Private Labels

Private labels, also known as store brands, are an important component of competitive strategy among multi-product retailers, as they can increase retailers’ power over suppliers in the vertical channel or facilitate horizontal differentiation among retailers. This paper seeks to identify the relative importance of each role, conditional on the location of both private labels and national brand...

Private benefits and market competition

This paper deals with corporate governance issues and competition policy. The impact of private benefits extraction on the values of oligopolistic firms is analyzed. Private benefits are assumed to generate costs which create price distortion on the product market. For a wide range of industry concentrations, we prove that this may affect the profit (i.e. the value) of the firms in a positive s...