Durable-goods monopoly: laboratory market and bargaining experiments

Reynolds, Stanley S. “Durable-goods monopoly: laboratory market and bargaining experiments." The RAND Journal of Economics (2000): 375-394. arizona.edu 提供的 [PDF]


Results from single-period monopoly experiments (nondurable environment) are compared with results from multiperiod monopoly experiments that have features of a durable-goods environment. Average prices were below the static monopoly benchmark price in all settings. Observed initial prices were higher in multiperiod experiments than in single-period experiments, in contrast to equilibrium predictions. Prices in multiperiod experiments tended to fall over time; there was less price cutting in market experiments than in bargaining experiments. There was substantial demand withholding by buyers in multiperiod experiments. A version of bounded rationality is a promising candidate for explaining deviations from equilibrium predictions.


Discovering New Value in Intellectual Property

Kevin G. Rivette, David. Kline (2000) “Discovering New Value in Intellectual Property." Harvard Business Review, http://hbr.org/2000/01/discovering-new-value-in-intellectual-property/ar/1

Summarized by Yi-Nung

此文可以當做引言: Why IP 在實務界中的重要性。

… Thoman, who was appointed CEO of the $20 billion Xerox Corporation last summer, … “My focus is intellectual property,” he declares. “I’m convinced that the management of intellectual property is how value added is going to be created at Xerox. And not just here, either. Increasingly, companies that are good at managing IP will win. The ones that aren’t will lose.”

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