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In this paper we consider a regulated monopoly that can pad its costs to increaseits cost reimbursement. Even while padding is ineácient the optimal incentivescheme tolerates some padding of costs to reduce the information rents paid tolow cost types. It is shown that high cost ßrms pad costs...
Persistent link: https://www.econbiz.de/10005868956
We show that if patent protection and trade secrecy generate asymmetricmarket structure, an innovator may prefer patent protection than trade secrecy even ifthe diffusion probability is higher under the former but it increases marketconcentration by preventing some imitators...
Persistent link: https://www.econbiz.de/10005868764
Significant amount of vertical technology transfer occurs betweendeveloped and developing country firms, yet the literature on intellectual propertyrights did not pay much attention to this aspect...
Persistent link: https://www.econbiz.de/10005868561
Whether higher productivity of the foreign firm increases host countrywelfare depends on whether the reason for foreign direct investment (FDI) is to savethe trade cost or to get the advantage of cheap labor. We show that, if the reason forFDI is to get the advantage of cheap labor, higher...
Persistent link: https://www.econbiz.de/10005868599
This paper investigates the impact of exchange rates on US Foreign Direct Investment (FDI)inflows to a sample of 16 emerging market countries using panel data for the period 1990-2002. Threevariables are used to capture separate exchange rate effects. The nominal bilateral exchange rate tothe...
Persistent link: https://www.econbiz.de/10005868663