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Growth effects of non proprietary innovation

Saint-Paul, Gilles - 2002

We study an endogenous growth model where a profit-motivated R and D sector coexists with the introduction of free blueprints invented by philanthropists. These goods are priced at marginal cost, contrary to proprietary ones which are produced by a monopoly owned by the inventor. We show that...

Persistent link: https://www.econbiz.de/10011409970

Platform competition with multi-homing on both sides : subsidize or not?

Bakos, J. Yannis; Hałaburda, Hanna - 2020 - This version: February 11, 2020

A major result in the study of two-sided platforms is the strategic interdependence between the two sides of the same platform, leading to the implication that a platform can maximize its total profits by subsidizing one of its sides. We show that this result largely depends on assuming that at...

Persistent link: https://www.econbiz.de/10012171750

The price of "Man" and "Woman" : a hedonic pricing model of avatar attributes in a synthetic world

Castronova, Edward - 2003

This paper explores a unique new source of social valuation: a market for bodies. The internet hosts a number of large synthetic worlds which users can visit by piloting a computer-generated body, known as an avatar. Avatars can have an asset value, in that users can spend time to increase their...

Persistent link: https://www.econbiz.de/10011507957

An elementary theorem on gains from virtual trade

Marjit, Sugata; Yang, Lei - 2020

Virtual markets allow consumers to save time costs to purchase goods and services. Countries lose relative to the conventional welfare gain when they increase consumption of non-virtual goods under free trade. We include the classical gains from trade theorem as a special case. For two identical...

Persistent link: https://www.econbiz.de/10012315944

Product versus process : innovation strategies of multi-product firms

Flach, Lisandra; Irlacher, Michael - 2015

We investigate the effect of better access to foreign markets on innovation strategies of multi-product firms in industries with different scope for product differentiation. Industry-specific demand and cost linkages induce a distinction between the returns to innovation. In differentiated...

Persistent link: https://www.econbiz.de/10011283837

What do we know about recent exchange rate models? : in-sample fit and out-of-sample performance evaluated

Cheung, Yin-Wong; Chinn, Menzie David; Pascual, Antonio … - 2003

Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970 s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...

Persistent link: https://www.econbiz.de/10011507659

An experimental analysis of ending rules in Internet auctions

Ariely, Dan; Ockenfels, Axel; Roth, Alvin E. - 2003

A great deal of late bidding has been observed on internet auctions such as eBay, which employ a second price auction with a fixed deadline. Much less late bidding has been observed on internet auctions such as those run by Amazon, which employ similar auction rules, but use an ending rule that...

Persistent link: https://www.econbiz.de/10011508080

Labor market sorting in Germany : presented at CESifo Area Conference on Employment and Social Protection, April 2016

Lochner, Benjamin; Schulz, Bastian - 2016

This paper analyzes the allocation of workers to jobs and the wage distribution in Germany. Our main contribution is to …

Persistent link: https://www.econbiz.de/10011524613

Inequality and the state : comparing U.S. and German preferences

Corneo, Giacomo - 2000

Survey data from the United States, West Germany and East Germany are analyzed to compare individual attitudes towards … political redistribution in each country. In West Germany the homo oeconomicus effect , the social rivalry effect and the public … effect disappears. In East Germany both the second and the third effect disappear. …

Persistent link: https://www.econbiz.de/10009780207

Plurality rule, proportional representation, and the German Bundestag : how incentives to pork-barrel differ across electoral systems

Stratmann, Thomas; Baur, Martin - 2002

This paper examines the importance of electoral rules for legislators behavior. The German electoral system includes a mechanism which assigns whether legislators are elected under the first-past-the-post (FPTP), or the proportional representation (PR) electoral rule. Using this institution, we...

Persistent link: https://www.econbiz.de/10011408941

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