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Resistance to Technology Adoption: The Rise and Decline of Guilds
Desmet, Klaus; Parente, Stephen - C.E.P.R. Discussion Papers - 2013
This paper analyzes the decision of a group of specialized workers to form a guild and block the adoption of a new technology that does not require their specialized input. The theory predicts an inverted-U relation between guilds and market size: for small markets, firm profits are insufficient...
Persistent link: https://www.econbiz.de/10011083603
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Downstream Competition, Foreclosure, and Vertical Integration
Chemla, Gilles - C.E.P.R. Discussion Papers - 2000
This paper analyses the impact of competition among downstream firms on an upstream firm's payoff and on its incentive … to vertically integrate when firms on both segments negotiate optimal contracts. We argue that tougher competition … firm is better off encouraging competition when the downstream firms have high bargaining power. We derive implications on …
Persistent link: https://www.econbiz.de/10005497922
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The Evolution of Markets and the Revolution of Industry: A Quantitative Model of England's Development, 1300-2000
Desmet, Klaus; Parente, Stephen - C.E.P.R. Discussion Papers - 2009
critical size, and competition to reach a critical level of intensity. By allowing an economy to produce a greater variety of …
Persistent link: https://www.econbiz.de/10005041097
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Corporate Venture Capital: The Upside of Failure and Competition for Talent
Chemla, Gilles; de Bettignies, Jean-Etienne - C.E.P.R. Discussion Papers - 2003
. Competition from venture capitalists increases corporate venturing activity, the salaries of potential entrepreneurs, and total …
Persistent link: https://www.econbiz.de/10005067369