Now showing items 1-4 of 4

    • Chasing patents 

      Menezes, Flavio Marques; Pitchford, Rohan
      2001-03-01
      We examine the problem faced by a company that wishes to purchase patents in the hands of two di¤erent patent owners. Complementarity of these patents in the production process of the company is a prime e¢ciency reason for ...
    • Endogenous transactions costs in multi-seller model 

      Menezes, Flavio Marques; Pitchford, Rohan
      2001-07-01
      vVe examine the problem of a buyer who wishes to purehase and eombine ti. objeets owned by n individual owners to realize a higher V'illue. The owners are able to delay their entry into the sale proeess: They ean either ...
    • The land assembly problem revisited 

      Menezes, Flavio Marques; Pitchford, Rohan
      2001-06-01
      As in the standard land assembly problem, a developer wants to buy two adjacent blocks of land belonging to two di¤erent owners. The value of the two blocks of land to the developer is greater than the sum of the individual ...
    • Private or public? a taxonomy of optimal ownership and management regimes 

      Pitchford, Rohan; King, Stephen
      2000-08-01
      We develop a theory of public versus private ownership based on value diversion by managers. Government is assumed to face stronger institutional constraints than has been assumed in previous literature. The model which ...