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The Sensitivity of Strategic and Corrective R&D Policy in Oligopolistic Industries

Staiger, Robert W. - 1990

We evaluate the sensitivity of the case for an R&D subsidy in an export sector when the outcome of R&D is uncertain and when the resulting product market is oligopolistic. Investments in R&D are assumed to induce either first order or mean-preserving second order shifts in the distribution of a...

Persistent link: https://www.econbiz.de/10012475801

Do Managerial Objectives Drive Bad Acquisitions?

Morck, Randall - 1989

, when it buys a rapidly growing target , and when the performance of its managers has been poor before the acquisition …

Persistent link: https://www.econbiz.de/10012476048

Domestic Policies, National Sovereignty and International Economic Institutions

Bagwell, Kyle - 1999

To what extent must nations cede control over their economic and social policies if global efficiency is to be achieved in an interdependent world? This question is at the center of the debate over the future role of GATT (and its successor, the WTO) in the realm of labor and environmental...

Persistent link: https://www.econbiz.de/10012471491

Multilateral Trade Negotiations, Bilateral Opportunism and the Rules of GATT

Bagwell, Kyle - 1999

Trade negotiations occur through time and between the governments of many countries. An important issue is thus whether the value of concessions that a government wins in a current negotiation may be eroded in a future bilateral negotiation to which it is not party. In the absence of rules that...

Persistent link: https://www.econbiz.de/10012471725

Trust in Large Organizations

Porta, Rafael La - 1996

Several authors suggest that trust is an important determinant of cooperation between strangers in a society, and therefore of performance of social institutions. We argue that trust should be particularly important for the performance of large organizations. In a cross-section of countries,...

Persistent link: https://www.econbiz.de/10012472964

Strategic Trade, Competitive Industries and Agricultural Trade Disputes

Bagwell, Kyle - 2000

The primary predictions of strategic-trade theory are not restricted to imperfectly-competitive markets. Indeed, these … predictions emerge in a natural three-country extension of the traditional theory of trade policy in competitive markets, once the … theory is augmented to allow for politically-motivated governments, so that the sign of export policy may be converted from …

Persistent link: https://www.econbiz.de/10012470921

Coase v. the Coasians

Johnson, Simon - 1999

The Coase theorem implies that, in a world of positive transaction costs, any of a number of strategies, including judicially enforced private contracts, judicially enforced laws, or even government regulation, may be the cheapest way to bring about efficient resource allocation. Unfortunately,...

Persistent link: https://www.econbiz.de/10012471336

Salience

Bordalo, Pedro; Gennaioli, Nicola; Shleifer, Andrei - National Bureau of Economic Research - 2021

We review the fast-growing work on salience and economic behavior. Psychological research shows that salient stimuli attract human attention "bottom up" due to their high contrast with surroundings, their surprising nature relative to recalled experiences, or their prominence. The Bordalo,...

Persistent link: https://www.econbiz.de/10012629494

Bequests as a Means of Payment

Bernheim, B. Douglas - 1984

Although recent research suggests that intergenerational transfers play an important role in aggregate capital accumulation, our understanding of bequest motives remains incomplete. We develop a simple model of"exchange-motivated" bequests, in which a testator influences the decisions ofhis...

Persistent link: https://www.econbiz.de/10012477792

Diagnostic Bubbles

Bordalo, Pedro - 2018

We introduce diagnostic expectations into a standard setting of price formation in which investors learn about the fundamental value of an asset and trade it. We study the interaction of diagnostic expectations with two well-known mechanisms: learning from prices and speculation (buying for...

Persistent link: https://www.econbiz.de/10012481046

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