In this paper we present a theoretical model to study the characteristics and the commercial sustainability of dual licensing, an open source (OS) business strategy that has gained popularity among software vendors. With dual licensing, a firm releases the same software product under both a traditional proprietary license and an open source one. We show that the decision to employ a dual licens...

We develop a model to study the implications of a legal environment on the organization of software production. We show that contract enforcement a®ects the organizational mode (i.e., in-house versus outsourcing) of customized software development while copyright protection determines the introduction of package software. When copyright protection is weak, only customized software will be devel...

This paper studies the interaction between barriers to firm entry and distortions allocative efficiency in a standard model of dynamics. We derive strategy infer based on cross-country differences size distribution idiosyncratic distortions. The inferred resemble regulation-based indicators advanced economies but are substantially higher middle- low-income countries. Regulation-based cannot acc...

We dissect the impact of a large and sudden exchange rate appreciation on Swiss border import prices, retail consumer expenditures domestic imported nondurable goods, following removal EUR/CHF floor in January 2015. Cross-sectional variation price changes by currency invoicing carries over to prices allocations, impacting imports competing as well expenditures. provide measures sensitivity shar...

Le développement de l’économie numérique pose des problèmes inédits par leur ampleur en matière possibles manipulations marché et choix consommateurs. Des stratégies trompeuses déloyales dans le champ du droit la consommation peuvent coexister se renforcer mutuellement, avec infractions concurrence, qu’il s’agisse collusion algorithmique ou d’abus position dominante. Face à difficulté détecter ...

General purpose technologies (GPTs) like AI enable and require significant complementary investments. These investments are often intangible poorly measured in national accounts. We develop a model that shows how this can lead to underestimation of productivity growth new GPTs early years and, later, when the benefits harvested, overestimation. call phenomenon Productivity J-curve. apply our me...