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Firm Dynamics and Productivity Growth : A Review of Micro Evidence from OECD Countries
Ahn, Sanghoon - 2003
This paper surveys recent empirical studies exploring aggregate productivity growth based on firm dynamics, focusing on … micro-data from OECD countries. Aggregate productivity growth can be analysed as a sum of two separate processes. i) Changes … in productivity in individual firms at a given size (relative to market). And, ii) a reallocation process due to …
Persistent link: https://www.econbiz.de/10014127885
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Mortgaging the Meme : Lessons for Financing Disruptive Innovation
Garon, Jon - 2014
Disruptive innovation can be described as the introduction of a new conceptual idea or meme into an existing system that causes the system to be fundamentally altered. Assembly lines, air conditioning, digital film, and personal computers represent such innovations, all of which led to...
Persistent link: https://www.econbiz.de/10014177523
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Invisible Engines : How Software Platforms Drive Innovation and Transform Industries
Evans, David S. - 2016
“Software platforms are the invisible engines that have created, touched, or transformed nearly every major industry for the past quarter century. They power everything from mobile phones and automobile navigation systems to search engines and web portals. They have been the source of enormous...
Persistent link: https://www.econbiz.de/10012996908
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Information independence and common knowledge
Gossner, Olivier; Kalai, Ehud; Weber, Robert James - 2009
In Bayesian environments with private information, as described by the types of Harsanyi, how can types of agents be (statistically) disassociated from each other and how are such disassociations reflected in the agents’ knowledge structure? Conditions studied are (i) subjective independence...
Persistent link: https://www.econbiz.de/10003873501
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Speculative trade under unawareness : the infinite case
Meier, Martin; Schipper, Burkhard - 2014 - This draft: February 27, 2014, First draft: March 1, 2007
Persistent link: https://www.econbiz.de/10010250539
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Beliefs, payoffs, information : on the robustness of the BDP property in models with endogenous beliefs
Gizatulina, Alia; Hellwig, Martin - 2012 - First version: December 1, 2008, This version: March 23, 2012
Neeman (2004) and Heifetz and Neeman (2006) have shown that, in auctions with incomplete information about payoffs, full surplus extraction is only possible if agents’ beliefs about other agents are fully informative about their own payoff parameters. They argue that the set of...
Persistent link: https://www.econbiz.de/10010230371
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Posted Price Clauses in Ascending Auctions
Chiu, Y. Stephen; Cheung, Francis K. - 2003
One most conspicuous and curious phenomenon in online auctions is that a large fraction of goods sold have posted price clauses whereby bidders can buy the goods without taking part in the auctions. Two types of posted price clauses exemplified by Amazon and eBay are found. The paper first...
Persistent link: https://www.econbiz.de/10014080960
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Selling Strategic Information in Digital Competitive Markets
Bounie, David - 2018
This paper investigates the strategies of a data broker in selling information to one or to two competing firms that can price-discriminate consumers. The data broker can strategically choose any segment of the consumer demand (information structure) to sell to firms that implement third-degree...
Persistent link: https://www.econbiz.de/10012914903
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The Value of Information Under Unawareness
Galanis, Spyros - 2018
The value of information is examined in a single-agent environment with unawareness. Al though the agent has a correct prior about events he is aware of and has a clear understanding of his available actions and payoffs, his unawareness may lead him to commit information processing errors and to...
Persistent link: https://www.econbiz.de/10012928333
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Unawareness, beliefs and games
Heifetz, Aviad; Meier, Martin; Schipper, Burkhard - 2007
We define a generalized state-space model with interactive unawareness and probabilistic beliefs. Such models are desirable for many potential applications of asymmetric unawareness. We develop Bayesian games with unawareness, define equilibrium, and prove existence. We show how equilibria are...
Persistent link: https://www.econbiz.de/10010365853