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Optimal Sharing Strategies In Dynamic Games Of Research And Development
This paper analyses the dynamic aspects of knowledge sharing in R&D rivalry. In a model where research projects consist of N sequential stages, the goal is to explore how the innovators' incentives to share intermediate research outcomes change with progress and with their relative positions in an R&D race. An...
The Dynamic Effects Of Intellectual Property Practices
This paper analyses various intellectual property practices in a dynamic context. Building on a model of Segal and Whinston (2004), the paper considers the rate of innovation when IP Intellectual Property licensing is expected versus when it is not. In each case, innovation returns trade off the immediate value from...
Vertical Contracting When Competition for Orders Precedes Procurement
This paper reverses the standard order between input supply negotiations and downstream competition and assumes that competition for orders takes place prior to procurement of inputs in a vertical chain. In an environment where procurement negotiations involve no private information and no restrictions on the form of pricing, it is...
The Economic Evaluation of Alternatives to Digital Copyright
This paper explores the economic differences between a system of consumer-regulating copyright based on "digital rights management", and alternatives based on public funding. It argues that the distinctions are sufficiently intricate that they elude any simple modeling technique. Instead, this paper attempts a semi-analytic comparison which weighs a set of...
Intellectual Capital: Accumulation and Appropriation
This paper seeks to develop a literature-based perspective on intellectual property from the standpoint of business strategy and strategic human resource management. Distinctive competitive advantage is increasingly built on a firm's knowledge, one of the principal ingredients of intellectual capital. Competitive capability is strongly influenced by the organization's ability to...
Firm Performance and Investment in R&D and Intellectual Property
This paper analyses the relationship between innovation - proxied by Research and Development (R&D), patent and trade mark activity - and profitability in a panel of Australian firms (1995 to 1998). Special attention is given to assessing the nature of competitive conditions faced by different firms, as the nature of...
How Section 667C of the Corporations Act Should Be Interpreted and Its Application to the Various Forms of Compulsory Acquisition
This paper commences by considering the legislative background behind the new compulsory acquisition power in Part 6A.2 of the Corporations Act and s667C. There is a discussion about the various terminology used in valuing securities and an examination of the major valuation methodologies. There is consideration of the question as...
From Conformance to Performance Auditing and Continuous Improvement of ISO 9000 Quality Certified Systems
There has been a major push by firms to seek certification to the International Quality Standards ISO 9000. This heightened interest is not without problems as many managers have misunderstood the value of seeking ISO 9000 certification. A review of the literature revealed a major gap in research in this...
The Takeovers Panel Process
The paper informs about the takeovers panel process. The Panel's functions are: to give civil remedies in relation to takeover bids in place of the courts; reviewing ASIC decisions under Chapter 6 in place of the AAT; and making rules to supplement and clarify Chapter 6.1 The old function of...
The Definition of "Associate" in the Corporations Law
One of the most important definitions in the Corporations Law is that of "associate". The definition is important for those provisions of the Corporations Law that regulate takeovers, compulsory acquisitions and other transactions. As a result of the Corporate Law Economic Reform Program Act 1999 that commenced operation on 13...
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