English, Article, Journal or magazine article edition: Competing or Colluding in a Stochastic Environment Hector Salgado-Banda; Adriana Breccia; Héctor Salgado Banda

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Bookmark: http://trove.nla.gov.au/version/47593
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Competing or Colluding in a Stochastic Environment
Author
  • Hector Salgado-Banda
  • Adriana Breccia
  • Héctor Salgado Banda
Physical Description
  • preprint
Notes
  • This paper analyses collusion by innovative firms and the role of patents in a continuous-time real options framework. A patent-investment race model is formulated in which innovative firms bargain and reach collusive agreements. It is shown that, while collusion always delays innovation, it does not necessarily delay competition. Depending on a number of factors, collusion can actually accelerate competitio
  • RePEc:sce:scecfa:423
  • This document analyses collusion by innovative firms and the role of patents in a continuous-time real options framework. A patent-investment race model is formulated in which innovative firms bargain and reach collusive agreements. It is shown that, while collusion always delays innovation, it does not necessarily delay competition. Depending on a number of factors, collusion can actually accelerate competition.
  • Bargaining, Collusion, Competition, Geometric Brownian motion, Nash axiomatic approach, Stackelberg game
  • RePEc:bdm:wpaper:2005-04
Language
  • English
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