Publisher Summary The study of oligopolistic industries lies at the heart of the field of
industrial organization. The belief of an individual about the behavior of large firms in …

Publisher Summary This chapter focuses on the concept of strategic trade policy. The
analysis of strategic trade policy is part of a broader research agenda that has been very …

Economists conventionally think of R&D as generating one product: new information. We
suggest that R&D not only generates new information, but also enhances the firm's ability to …

We analyze horizontal mergers in Cournot oligopoly. We find general conditions under
which such mergers raise price, and show that any merger not creating synergies raises …

A critical factor in industrial competitiveness is the ability of firms to exploit new technological
developments. We term this ability a firm's absorptive capacity and argue that such a …

We study the positive and normative effects of counterfeiting, ie, trademark infringement, in
markets where consumers are not deceived by forgeries. Consumers are willing to pay more …

This paper examines the positive and normative effects of cooperative R&D--whereby
member firms commit themselves to the joint profit-maximizing level of R&D in a" …

Cohen and Levinthal (1989) introduced the notion of absorptive capacity and demonstrated
that knowledge spillovers can induce complementarities in R&D efforts. We show that this …

This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly
with overlap** ownership. We show that overlap** ownership leads to internalization of …

Preferential trading arrangements are analyzed from the viewpoint of the “new political
economy” that views trade policy as being determined by lobbying of concentrated interest …