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dc.contributor.authorFjell, Kenneth
dc.contributor.authorForos, Øystein
dc.contributor.authorKind, Hans Jarle
dc.date.accessioned2014-02-10T10:12:23Z
dc.date.available2014-02-10T10:12:23Z
dc.date.issued2013-07
dc.identifier.urihttp://hdl.handle.net/11250/166788
dc.description.abstractIn a model where two competing downstream firms establish an input joint venture (JV), we analyze how different royalty rules for covering fixed costs affect channel profits. Under running royalties (regardless of whether based on predicted or actual output), the downstream firms’ perceived marginal costs are above the true marginal costs since fixed costs are incorporated. We find that tougher competition between the JV partners may actually increase channel profit under such a scheme. We also show that running royalties based on predicted output are outperformed by royalties based on actual output, but that lump-sum financing of the JV is preferable if the competitive pressure is weak.no_NO
dc.language.isoengno_NO
dc.publisherSNFno_NO
dc.relation.ispartofseriesWorking paper;16/13
dc.subjectinput joint venturesno_NO
dc.subjectcompetitionno_NO
dc.subjectroyalty rulesno_NO
dc.titleOn the choice of royalty rule to cover fixed costs in input joint venturesno_NO
dc.typeWorking paperno_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210::Economics: 212no_NO


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