The economics of copyright levies on hardware
Essential patents, FRAND royalties and technological standards
Standard Setting Organizations have developed FRAND agreements in order to prevent firms from holding up other participants once a standard is created. We analyze here the …
mathias-dewatripont
A price theory of vertical and lateral integration
Firm organisation: What we know and why we should care
Increasingly, people are pointing the finger of blame for economic woe at large firms. This column argues that organisation design is often affected by government trade policy. If …
paola-conconi
Trade liberalization and organizational change
We embed a simple incomplete-contracts model of organization design in a standard two-country perfectly-competitive trade model to examine how the liberalization of product and …
paola-conconi
Organising innovation: Standard setting organisations
As technologies have advanced, the way we invent has become much more complicated, with many hundreds of intellectual property rights now involved in innovations. An example of the …
Firm organisation: What we know and why we should care
Increasingly, people are pointing the finger of blame for economic woe at large firms. This column argues that organisation design is often affected by government trade policy. If …
laura-alfaro
Rock and roll bands,(in) complete contracts, and creativity
Members of a rock and roll band are endowed with different amounts of creativity. They match, compose songs, and share credit. The presence of more creative members increases the …
cdric-ceulemans
Incomplete contracts and industrial organization: a survey
On the incidence of commissions in auction markets
We analyze the welfare consequences of an increase in the commissions charged by intermediaries in auction markets. Commissions are similar to taxes imposed on buyers and sellers, …
victor-ginsburgh