Publisher Summary This chapter focuses on the patent licensing. Game-theoretic methods
have made it possible to address questions with regard to patent licensing. The common …

We analyze licensing of a cost reducing innovation to an oligopolistic industry, and extend
previous work by Kamien and Tauman (1986) and Katz and Shapiro (1986) in two …

A seller designs a mechanism to sell a single object to a potential buyer whose private type
is his incomplete information about his valuation. The seller can disclose additional …

The words" economic commodities" refer to categories of items that are traded for a price (or,
more generally, that can be acquired at some resource cost). Commodities may either be …

Este libro es un cásico instantáneo que merece un lugar de honor junto a los clásicos
fundacionales urbanos de Harvey, Castells, y Logan y Molotch. Lo que estos autores hacen …

This paper defines the extensive-form correlated equilibrium (EFCE) for extensive games
with perfect recall. The EFCE concept extends Aumann's strategic-form correlated …

As a manifestation of a'cognitive turn'observable in all social sciences, Cognitive Economics
is concerned with the beliefs and mental operations held by actors placed within a …

Game theory is a field that studies interactive decisions. On the one hand, it builds models
that represent situations where several entities or players make choices, and where this …

What outcomes can be implemented by the choice of an information structure in binary‐
action supermodular games? An outcome is partially implementable if it satisfies obedience …

We study the value of information in financial markets by asking whether having more
information always leads to higher returns. We address this question in an experiment …