J
Jay Pil Choi
Researcher at Michigan State University
Publications - 141
Citations - 5764
Jay Pil Choi is an academic researcher from Michigan State University. The author has contributed to research in topics: Competition (economics) & Tying. The author has an hindex of 40, co-authored 136 publications receiving 5326 citations. Previous affiliations of Jay Pil Choi include Harvard University & Tilburg University.
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Patent Pools, Litigation and Innovation
TL;DR: The authors analyzes patent pools and their effects on innovation incentives and shows that if patents are sufficiently weak, patent pools with complementary patents reduce social welfare as they charge higher licensing fees and chill subsequent innovation incentives.
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Preemptive R&D, Rent Dissipation and the 'Leverage Theory'
Jay Pil Choi,Jay Pil Choi +1 more
TL;DR: In this paper, the authors examined the effect of bundling on R&D incentives in a model of preemptive innovation in "systems" markets and found that bundling provides a channel through which monopoly slack in one component market can be shifted to another, with the effect that mitigating rent dissipation in the systems market.
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Two-Sided Platforms and Biases in Technology Adoption
Jay Pil Choi,Doh-Shin Jeon +1 more
TL;DR: In this article, the authors investigate the relationship between market structure and platforms' incentives to adopt technological innovations in two-sided markets, where platforms may find it optimal to charge zero price on the consumer side and to extract surplus on the ad- vertising side.
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Herd behavior, the "Penguin effect", and the suppression of informational diffusion: An analysis of informational externalities and payoff interdependency
TL;DR: In this article, the authors analyze a technology adoption process in which the effect of informational spillover interacts with network externalities and show that risk-averse and clustering behavior in the technology-adoption process is related to the tendency of subsequent users to free-ride on information contained in the decisions made by predecessors.
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Strategic Second Sourcing by Multinationals
TL;DR: In this article, the authors argue that if a multinational competes in an oligopolistic market characterized by strategic complements, then there are strategic reasons to use two production facilities - committing to a second source allows the firm to keep average cost low while increasing its marginal cost.