Showing 1 - 10 of 196
the value of their potential innovation in industries characterized by a greater degree of knowledge asymmetries. Based on …
Persistent link: https://www.econbiz.de/10005791501
Markets for technology can promote innovation by allowing for division of labor in research and development. Some firms …
Persistent link: https://www.econbiz.de/10008854505
This Paper empirically tests the ‘bounds approach’ to industry structure proposed by Sutton ((1991), (1998)). To carry out this task, we focus on the chemical industry. Part of the novelty in this exercise is that we work on the finest possible level of disaggregation. Also, we identify...
Persistent link: https://www.econbiz.de/10005656233
This Paper examines the effect of price competition on innovation, market structure and profitability in R …&D-intensive industries. The theoretical predictions are tested using UK data on the evolution of competition, concentration, innovation …
Persistent link: https://www.econbiz.de/10005666839
The theory of optimal currency areas, due to Mundell and McKinnon, has enjoyed a revival of interest in the wake of … examines whether there is support for it in the microfoundations of linked open economies. It uses the cash-in-advance general … gauged by the variance of output and prices. Hence this microfoundations model, though in a way supporting the optimal …
Persistent link: https://www.econbiz.de/10005136405
We present a perfectly-competitive model of firm boundary decisions and study their interplay with product demand, technology, and welfare. Integration is pri- vately costly but is effective at coordinating production decisions; non-integration is less costly, but coordinates relatively poorly....
Persistent link: https://www.econbiz.de/10011083920
increasing profit. Ownership concentration is associated with superior performance, thus providing support to the agency theory …
Persistent link: https://www.econbiz.de/10005124464
Using standard as well as recently developed univariate and bivariate count data models, this paper analyses the determinants of workplace accidents using a firm data set for Germany. Given the tight system of public workplace safety regulation, introduced partly as early as in 1869 and the...
Persistent link: https://www.econbiz.de/10005504634
Based on evidence about industrial organization and market structure, this paper develops a CGE model with increasing returns to scale (IRTS) in selected industrial sectors in order to estimate the welfare gains Korea would achieve from abolishing the import restraints (tariffs and equivalent...
Persistent link: https://www.econbiz.de/10005662390
In our model, information-producing agents can opt to produce from the sell-side, in which case they can only sell their information to other market participants, or produce from the buy-side, in which case they agent can trade in the financial market. If sell-side information substitutes for...
Persistent link: https://www.econbiz.de/10005666526