Browsing Discussion papers (SAM) by Subject "contest"
Now showing items 1-2 of 2
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Licensing technology and foreclosure
(Discussion paper, Working paper, 2007-10)We consider an industry where one firm with a superior technology competes for market shares with several rivals. The owner of the superior technology (the dominant firm) can license or transfer the source of its ... -
The power of money : wealth effects in contests
(Discussion Papers;13/2013, Working paper, 2013-06)Two wealth effects typically arise in any contest: i) wealth decreases the marginal cost of effort, but also ii) decreases the marginal benefit of winning the contest. In this paper, we introduce three types of strategic ...