Issue 4

December 2008
Articles: 

SPLINTERING AND INERTIA IN NETWORK INDUSTRIES

We analyse a stylised game of technology adoption with network effects and two new technologies. Potential adopters can adopt early, late or not at all.

INFORMATION EXCHANGE AND COMPETITION IN COMMUNICATIONS NETWORKS

We develop a model of information exchange between calling parties. We characterize the equilibrium when two interconnected networks compete by charging both for outgoing and incoming calls.

DYNAMIC PRICE DISCRIMINATION WITH ASYMMETRIC FIRMS

This paper considers variants of a dynamic duopoly model where one firm has a stronger market position than its competitor.

OVERSEAS R&D ACTIVITIES AND HOME PRODUCTIVITY GROWTH: EVIDENCE FROM JAPANESE FIRM-LEVEL DATA

This paper investigates the impact of overseas subsidiaries' R&D activities on the productivity growth of parent firms using firm-level data for Japanese multinational enterprises.

QUANTIFYING THE SCOPE FOR EFFICIENCY DEFENSE IN MERGER CONTROL: THE WERDEN-FROEB-INDEX

This paper introduces the Werden-Froeb Index (WFI) to assist in evaluating merger-specific efficiencies in horizontal mergers.

WHAT HAPPENS WHEN DEMAND IS ESTIMATED WITH A MISSPECIFIED MODEL?

We conduct Monte Carlo experiments to investigate the biases of assuming a misspecified demand model.

CONTINUOUS CROSS SUBSIDIES AND QUANTITY RESTRICTIONS

This article provides a model of loss leader pricing and quantity restrictions for a competitive multiproduct industry when individual consumers have continuous (and independent) demands for the set o