Abstracts

Economics

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Industrial licensing, bribery and allocation efficiency

Article Abstract:

Many companies, particularly those in less developed countries, use bribery to limit the entry of new firms in the domestic market by influencing license policies. Such corrupt practices adversely affect allocation efficiency since more efficient firms are not allowed to offer their products and services. In addition, depriving more efficient companies from entering the market also strengthens the monopolistic structure of inefficient companies.

Research, Monopolies, Bribery, Barriers to entry (Industrial organization), Barriers to entry

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The principle of equal proportional sacrifice as a bargaining solution

Article Abstract:

A solution of the bargaining problem, interpreting the principle of equal proportional sacrifice in reference to Kalai's proposal is explored. Modifications are made in regard to income tax and the relation to income redistribution considered. Included in the interpretation are definitions of the motivating threat point and of a reference solution.

Analysis, Negotiation, Negotiations, Social choice, Progressive taxation

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The relevance of bargaining for the licensing of a cost-reducing innovation

Article Abstract:

Research examining the allocation mechanisms in the process of licensing cost-reducing innovations is presented. Particular attention is given to the direct negotiation and fixed fee mechanisms. A mechanism of direct negotiation aimed at restoring the patentee's profit is suggested.

Methods, Business, Innovations, Finance, Pricing, Licenses

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