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| Tekijä: | Jehiel, P. Moldovanu, B. |
| Otsikko: | Strategic nonparticipation |
| Lehti: | RAND Journal of Economics
1996 : SPRING, VOL. 27:1, p. 84-98 |
| Asiasana: | STRATEGY PARTICIPATION ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | The authors study a model that involves identity-dependent, asymmetric negative external effects. Willingness to pay which can be computed only in equilibrium, will reflect, besides private valuations, also preemptive incentives stemming from the desire to minimize the negative externalities. The authors find that the best strategy of some agents is simply not to participate in the market, although they cannot in this way avoid the negative external effects. An illustration is made for the acquisition of patents in oligopolistic markets. |
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