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作者：Dube, Jean-Pierre; Hitsch, Guenter J.; Rossi, Peter E.
作者单位：University of Chicago; National Bureau of Economic Research; University of California System; University of California Los Angeles
摘要：For many consumer packaged goods products, researchers have documented inertia in brand choice, a form of persistence whereby consumers have a higher probability of choosing a product that they have purchased in the past. We show that the finding of inertia is robust to flexible controls for preference heterogeneity and not due to autocorrelated taste shocks. We explore three economic explanations for the observed structural state dependence: preference changes due to past purchases or consump...
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作者：Eso, Peter; Nocke, Volker; White, Lucy
作者单位：University of Oxford; Leibniz Association; Ifo Institut; University of Mannheim; Harvard University
摘要：We model a downstream industry where firms compete to buy capacity in an upstream market which allocates capacity efficiently. Although downstream firms have symmetric production technologies, we show that industry structure is symmetric only if capacity is sufficiently scarce. Otherwise it is asymmetric, with one large, fat, capacity-hoarding firm and a fringe of smaller, lean, capacity-constrained firms. As demand varies, the industry switches between symmetric and asymmetric phases, generat...
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作者：Winter, Eyal
作者单位：Hebrew University of Jerusalem
摘要：This article studies the effect of transparency among peers on the principal's cost of providing incentives. Using directed graphs to represent peer information, we show that under complementarity the cost of providing incentives is decreasing with the level of transparency within the organization. We also investigate the role of the architecture of the information in boosting incentives. In arguing that substitution impedes the benefits of transparency, we will compare function-based teams wi...
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作者：Galasso, Alberto; Schankerman, Mark
作者单位：University of Toronto; University of London; London School Economics & Political Science
摘要：We study how fragmentation of patent rights and the formation of the Court of Appeals for the Federal Circuit (CAFC) affected the duration of patent disputes, and thus the speed of technology diffusion through licensing. We develop a model of patent litigation which predicts faster settlement when patent rights are fragmented and when there is less uncertainty about court outcomes, as was associated with the pro-patent shift of the CAFC. We confirm these predictions empirically using a data se...
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作者：Drugov, Mikhail
作者单位：Universidad Carlos III de Madrid
摘要：This article studies how delay in contracting depends on an exogenous signal. The agent whose cost is his private information may produce in the first period or be delayed until the second period. A signal about the cost of the agent is available between the two periods. The quality of the good can vary; in the benchmark case of no signal, the principal offers the standard Baron-Myerson contract and there is no delay. Delay is determined by the considerations at the margin and may increase or ...
