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Full-Text Articles in Social and Behavioral Sciences
Price Dynamics And Spatial Market Structure For Three U.S. Southern Pine Timber Products, Dekuwmini Mornah
Price Dynamics And Spatial Market Structure For Three U.S. Southern Pine Timber Products, Dekuwmini Mornah
Electronic Theses and Dissertations
Evidence of price correlations or cointegrations in timber markets is often interpreted as indicative of the competitiveness and efficiency of these markets. This conclusion is based on the assumptions that firms price F.O.B. and F.O.B. pricing in spatial markets is expected to yield results analogous to the usual competitive results in spaceless markets (i.e., firms set price equal marginal cost plus transportation costs). Competitive arbitrage is the error correction mechanism assumed through which spatial markets are linked. This conclusion could be misleading. In the presence of significant intra-regional transportation costs between spatially dispersed markets, firms have an incentive to exploit …
Antitrust And The Movement Of Technology, Herbert J. Hovenkamp
Antitrust And The Movement Of Technology, Herbert J. Hovenkamp
All Faculty Scholarship
Patents create strong incentives for collaborative development. For many technologies fixed costs are extremely high in relation to variable costs. A second feature of technology that encourages collaborative development is the need for interoperability or common standards. Third, in contrast to traditional commons, intellectual property commons are almost always nonrivalrous on the supply side. If ten producers all own the rights to make a product covered by a patent, each one can make as many units as it pleases without limiting the number that others can make. That might seem to be a good thing, but considered ex ante it …