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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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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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A Model of Vertical Differentiation for Online Retailing
Ba, Sulin; Stallaert, Jan; Zhang, Zhongju - 2014
The Internet has changed the nature of doing business as well as the nature of competition in many industries. The number of online transactions has seen a steady increase as more consumers turn to online retailing (e-tailing) for a wide range of product choices and shopping convenience. Yet,...
Persistent link: https://www.econbiz.de/10014055525
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Learning Efficiency of Multi-Agent Information Structures
Frick, Mira; Iijima, Ryota; Ishii, Yuhta - 2021
We study settings in which, prior to playing an incomplete information game, players observe many draws of private signals about the state from some information structure. Signals are i.i.d. across draws, but may display arbitrary correlation across players. For each information structure, we...
Persistent link: https://www.econbiz.de/10013215438
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Information Structures with Unawareness
Li, Jing - 2008
I construct a state space model with unawareness following Aumann (1976). Dekel, Lipman and Rustichini (1998a) show that standard state space models are incapable of representing unawareness. The model circumvents the impossibility result by endowing the agent with a subjective state space that...
Persistent link: https://www.econbiz.de/10014216943
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Monitoring institutions in indefinitely repeated games
Camera, Gabriele; Casari, Marco - 2015
Does monitoring past conduct facilitate intertemporal cooperation? We designed an experiment characterized by strategic uncertainty and multiple equilibria where coordinating on the efficient outcome is a challenge. Participants, interacting anonymously in a group, could pay a cost either to...
Persistent link: https://www.econbiz.de/10011713674
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Interactive unawareness
Heifetz, Aviad; Meier, Martin; Schipper, Burkhard - 2005
The standard state-spaces of asymmetric information preclude non-trivial forms of unawareness (Modica and Rustichini, 1994, Dekel, Lipman and Rustichini, 1998). We introduce a generalized state-space model that allows for non-trivial unawareness among several individuals, and which satisfies...
Persistent link: https://www.econbiz.de/10010366550