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Now showing items 11-20 of 105
Merging to License: Internal vs. External Patentee
(2003-01)
In this paper, we endogenize the decision of a research laboratory that owns a patented process innovation on whether to remain independent as an external patentee or to merge with a manufacturing firm, becoming an internal ...
A Simple Model of Anticompetitive Vertical Integration
(2003-01)
The result of neutrality of vertical integration for competition postulated by the Chicago School can be supported by a benchmark model with (1) an upstream monopolist, (2) homogeneous goods downstream and (3) observable ...
Doubly fractional models for dynamic heteroskedastic cycles
(2011-02)
Strong persistence is a common phenomenon that has been documented not only in the levels but also in the volatility of many time series. The class of doubly fractional models is extended to include the possibility of long ...
Frequency Domain Local Bootstrap in long memory time series
(2020-10)
Bootstrap techniques in the frequency domain have been proved to be effective instruments
to approximate the distribution of many statistics of weakly dependent (short
memory) series. However their validity with long ...
Environmental Policy in Unionized Industries
(2001-10)
[EN] This paper focuses on the effects of environmental policy over the perfomance of firms and workers, when there is local pollution. We assume that the government chooses the environmental policy announcing an upper ...
Choice of Product Variety for the Durable Goods Monopolist
(1999-01)
This paper analyzes the strategic choice of variety by a monopolist seller of a durable good as a means to mitigate his commitment problem. The monopolist chooses his product variety with a goal of ensuring that a strong ...
Product Differentiation with Consumer Arbitrage
(2003-03)
We analyze the consequences of consumers behavior concerning personal arbitrage in a spatial discrimination context where firms know the consumers distribution but cannot distinguish them by location. The firms' equilibrium ...
Numerical Distribution Functions for Seasonal Unit Root Tests
(2011-12)
When working with time series data observed at intervals smaller than a year, it is often necessary to test for the presence of seasonal unit roots. One of the most widely used methods for testing seasonal unit roots is ...
Economic Integration and Privatization of Publicly-owned Firms
(2001-12)
[EN] We analyse in this paper whether it should be the government of each country that decides whether to privatise a publicly-owned firm (non integration) or whether a supra-national authority should decide whether ...
A note on Lopez-Hernandez procedure: New non-hierarchical algorithms in classification of data
(2000-03)
[EN] In this short note, we make a critique about the procedure developed in the Inductive Algorithm in the Objects of Lopez-Hernandez (1997). It is well known that the determination of maximal cliques in a graph is an ...