Maurer and Scotchmer (2002) pointed out that patents may be inferior to other forms of intellectual property in that the independent invention is not a defence to infringement. The authors' analysis refers to situations in which there is an unlimited number of potential entrants by independent...

This paper compares alternative licensing schemes of a patentor, that is, at the same time, a producer within an industry. The licensing scheme can assume the form of a royalty per unit of output, a fixed fee, or a fixed fee with maximum authorized production. We show that, when the innovation...

The paper analyzes the profitability of R&D cooperation under asymmetric spillovers. It is shown that a firm prefers R&D competition to RJV cartelization when its own spillover rate is low and the spillover rate of its competitor is high. While it prefers R&D cartelization to RJV cartelization...

I investigate R&D efforts for process innovation in a monopoly with uncertain demand. Two different models are proposed, where either (i) the reservation price is affected by an additive shock and the marginal production cost is increasing, or (ii) a multiplicative shock on the slope of demand...

This note shows that the fixed fee oligopolistic license model developed by Kamien and Tauman (1986) yields the result that the private returns from innovation can be greater than the social returns when the number of firms in the industry is equal to or larger than 3. This result implies that...

There is an urgent need to re-investigate the functional relationship between globalisation, unemployment, income inequality and poverty in Pakistan. Unemployment accelerates the level of income inequality and poverty within a given society. In spite of the beautiful slogans associated with it,...

In this paper, we discuss a scenario in capital structure where two divisional managers compete for capital from a firm for their projects in a perfect information setting. We consider verifiable profits and study take-it-or-leave-it contracts where the managers ask for capital from the firm...

A number of studies show that relative to male owned businesses, female owned businesses are smaller in size. However, these studies are restricted to the developed countries. We find similar results for firms in the unregistered sector of developing countries of Burkina Faso, Cameroons, Cape...

This paper compares the optimal tariff and revenue maximizing tariffs in the presence of partial privatization. We show that in an international mixed oligopoly with asymmetric costs and partial privatization, when the marginal cost of the privatized firm exceeds a critical value, maximum...

This paper investigates the mechanism of the power shortage in China by estimating the capacity expansion and capacity utilisation behaviour of the power firms. The theoretical and empirical evidence is presented to show that the state planner deals with the ‘coal-electricity' conflict by...