there are many agreements for transferring technology, but license agreement is the most important agreement in this regard. according to the mentioned agreement, the owner of patent or technology as licensor grants the license to licensee in specific duration and in a given territory. exclusive rights of licensor and the objectives of competition law, including the welfare of consumers or prev...

We report on an experiment designed to compare Stackelberg and Cournot duopoly markets with quantity competition. We implement both a random matching and a fixed-pairs version for each market. Stackelberg markets yield, regardless of the matching scheme, higher outputs than Cournot markets and, thus, higher efficiency. For Cournot markets, we replicate a pattern known from previous experiments....

In response to cost changes, prices often rise more strongly or quickly than they fall. This phenomenon has attracted attention from economists, policymakers, and the general public for decades. Many assert that it cannot be explained by standard economic theory, and is evidence for “anti-competitive” behaviour by firms. This paper argues against this conventional wisdom; it shows that simple p...

Localized Competition, Multimarket Operation and Collusive Behavior by Frank Verboven This paper studies collusive behavior in a repeated oligopoly model with localized competition. Private information about the rivals' past actions naturally arises from this product market structure. The resulting communication problems imply that firms should adopt strategies with sufficiently lenient punishm...

The purpose of this study is to analyse theoretically the implications of applying the procedure for market delineation used by competition authorities in the EU and in the US. Specifically, we investigate the circumstances under which the procedure will lead to a positive relation between actual market power and the assessed degree of market dominance. Another objective is to test whether the ...

Private banks often blame state guarantees to distort competition by giving public banks the advantage of lower funding costs. In this paper I show that if borrowers perceive the public bank as supporting economic development, private banks may be able to separate firms by self selection, enter the market, and obtain profits in equilibrium despite their cost disadvantage. The public bank’s comp...

This paper provides an extension of general equilibrium theory that incorporates the actions of individuals both as demanders and suppliers of goods and as members of ...rms, schools, social groups, and contractual relationships. The central notion of the paper is a group: a collection of individuals associated with one another for some purpose. The model takes as primitive an exogenous set of ...

Localized Competition, Multimarket Operation and Collusive Behavior by Frank Verboven This paper studies collusive behavior in a repeated oligopoly model with localized competition. Private information about the rivals' past actions naturally arises from this product market structure. The resulting communication problems imply that firms should adopt strategies with sufficiently lenient punishm...