Fragmented property rights can be a factor that limits firms’ willingness to invest in the development and commercialization of new products. This paper studies the interaction between markets for products and markets for intellectual property rights (patents) where product innovation requires several complementary patents, each of which is obtained as the result of a patent race. We show that ...

In this paper we analyze the incentives for platform sponsors to open up their networks for independent rivals. We show that open access may increase the platform sponsors’ profit levels and enhance quality improving investments.

The Norwegian salmon farming industry is one of the most important Norwegian export industries. The industry is also regulated to secure balanced and sustainable development. Current regulatory practice consists of licensing access to sea water. The government recently set an upper bound on the license fees; the purpose of our paper is to estimate the shadow price of the property right to determine ...

This paper investigates a market with strictly complementary inputs, with a particular emphasis on how efficiency can be implemented when the productive firms undertake unobservable effort. It is shown that simple linear sharing rules cannot implement socially optimal effort, but a modified linear sharing rule can implement the first-best outcome and a restricted linear sharing rule can be used ...

Assuming externalities from aquaculture to fisheries, we use a Verhulst-Schaefer model of fish population-dynamics and production, coupled with an aquaculture production model, to investigate effects on open-access and rent-maximising fisheries. Externalities are modelled by letting carrying capacity, intrinsic growth rate or catchability coefficient in the fishery depend on aquaculture production. ...

I denne oppgaven analyseres ytelsen til Volvo forhandlerne i Norge for årene 2002, 2003 og 2004 ved hjelp av DEA metoden. Ytelsen måles i kundetilfredshet og finansiell prestasjon. I tillegg søkes det å belyse noen viktige spørsmål. Hva forklarer spredningen i kundetilfredshet? Er det en sammenheng mellom kundetilfredshet og finansiell prestasjon? Og hvilke forhandlere bør brukes som benchmark for ...

Regional convergence studies have relied on net migration data in assessing the impact of migration. With heterogeneous labour, the implied symmetrical treatment of immigration and emigration cannot be justified a priori.. Because of heterogeneity among migrants, gross migration flows may lead to considerable interregional redistribution of human capital even when net migration is zero. Moreover, ...

We consider a pie-splitting game involving three committee members. In response to the large literature on sequential procedures in this type of game, we propose an institution that is inspired by auction theory. The (sealed) bids of the players are proposals for a distribution of the pie and are given simultaneously. If any of the bids is preferred to all others in a pairwise comparison (i.e. ...

Denne mastergradsoppgaven er en verdivurdering av Quality Hotel Saga. Formålet er å verdsette bedriften med basis i framtidig inntjening. Det er brukt historiske regnskapstall for å kunne predikere hva framtidig inntjening vil bli. Oppgaven er bygd opp rundt en regnskapsmessig analyse og en strategisk analyse. I all hovedsak er det totalkapitalmetoden som er benyttet, men også andre metoder er brukt ...