• Publications
  • Influence
Information rules - a strategic guide to the network economy
Information Rules will help business leaders and policy makers - from executives in the entertainment, publishing, hardware, and software industries to lawyers, finance professionals, and writers -- make intelligent decisions about their information assets.
Equilibrium Unemployment as a Worker Discipline Device
Involuntary unemployment appears to be a persistent feature of many modern labor markets. The presence of such unemployment raises the question of why wages do not fall to clear labor markets. In
Horizontal Mergers: An Equilibrium Analysis
The authors analyze horizontal mergers in Cournot oligopoly. They find general conditions under which such mergers raise price, and show that any merger not creating synergies raises price. The
Premiums for High Quality Products as Returns to Reputations
This paper derives an equilibrium price-quality schedule for markets in which buyers cannot observe product quality prior to purchase. In such markets there is an incentive for sellers to reduce
Navigating the Patent Thicket: Cross Licenses, Patent Pools, and Standard Setting
  • C. Shapiro
  • Economics
    Innovation Policy and the Economy
  • 1 January 2000
A few relatively simple principles, such as the desirability package licensing for complementary patents but not for substitute patents, can go a long way towards insuring that antitrust will help solve the problems caused by the patent thicket and by hold-up rather than exacerbating them.
Systems Competition and Network Effects
This paper discusses firm behavior, market performance, and the public and private institutions that arise in systems markets, i.e., markets where consumers use compatible components together to
Technology Adoption in the Presence of Network Externalities
We analyze technology adoption in industries where network externalities are significant. The pattern of adoption depends on whether technologies are sponsored. A sponsor is an entity that has
Informative Advertising with Differentiated Products
In this paper we study the role of promotional expenditures by sellers in a model of product differentiation. Advertising conveys full and accurate information about the characteristics of products.