Innovation, market structure and the holdup problem: investment incentives and coordination

Article Abstract:

The paper analyses the innovation incentives under monopoly and duopoly provision of horizontally differentiated products purchased via bilateral negotiations, integrating the market structure and innovation literature with the hold up literature. It is shown that competition improves local incentives for non-contractible investment. Monopoly is shown, in some cases, to provide a coordination device leading to greater expected welfare.

Study and teaching, Duopolies, Monopolistic competition

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Timing of investments, holdup and total welfare

Article Abstract:

A holdup with simultaneous and sequential investment is explored. With sequential investment, contracting is possible only after the project has commenced, so the second investor avoids being held up, while with simultaneous investment both investors are held up.

Influence, Investments, Contracts

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Piecewise procurement of a large-scale project

Article Abstract:

The benefits of understanding government procurement of large-scale projects in a piecewise manner are investigated. The various reasons for such study like scheduling constraints, sufficient resources with contracting firms and returns of scale are presented.

Strategy & planning, Methods, Analysis, Planning, Industrial project management, Project management, Scheduling (Management), Return on investment, Company business planning, Rate of return

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