Managerial Economics and Strategy, 2/e

P

• Parallel (gray) markets, when resale prevented, 322

• Pareto efficient outcomes, 547

• Pareto improvement

  • overview of, 546

  • subsidies and, 551

• Pareto principle

  • justifying government intervention, 546–547

  • in network scheduling coordination game, 409

• Pareto, Vilfredo, 546

• Partnerships

  • liability of, 198–199

  • ownership of for-profit firms, 198

• Pass-through, of tax effect to consumer, 35–36

• Patent Cooperation Treaty, 576

• Patents. See also Intellectual property

  • advantages/disadvantages, 576

  • alternatives to, 577

  • government created monopolies, 301–302

  • government role in licensing inventions, 544–545

  • overview of, 575–576

  • pay-for-delay agreements when patents expire, 448–449

  • raising rival’s costs, 454

• Pattern contracts, UAW negotiations, 455–456

• Pay-for-delay ...