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How Trade Policy Affects Technology Adoption and Productivity
Herrendorf, Berthold; Teixeira, Arilton - C.E.P.R. Discussion Papers - 2002
? To study this question we construct a dynamic general equilibrium model of a small open economy in which a coalition of …
Persistent link: https://www.econbiz.de/10005504455
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Why Mergers Reduce Profits, and Raise Share-Prices
Fridolfsson, Sven-Olof; Stennek, Johan - C.E.P.R. Discussion Papers - 2000
We explain the empirical puzzle why mergers reduce profits, and raise share prices. If being an 'insider' is better than being an 'outsider', firms may merge to preempt their partner merging with a rival. The stock-value is increased, since the risk of becoming an outsider is eliminated. We also...
Persistent link: https://www.econbiz.de/10005504698
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R&D Cooperation and the Stability of International Environmental Agreements
Carraro, Carlo; Siniscalco, Domenico - C.E.P.R. Discussion Papers - 1995
International agreements to protect the global environment are typically difficult to reach. In principle they should be profitable for all players involved in the negotiation. Even when they are profitable, however, they are often unstable due to the incentive to free-ride (enjoying the clean...
Persistent link: https://www.econbiz.de/10005792083
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Direct and Indirect Network Effects are Equivalent: A Comment on “Direct and Indirect Network Effects: Are They Equivalent?”
Church, Jeffrey; Gandal, Neil - C.E.P.R. Discussion Papers - 2012
do not, in the case of indirect network effects, make standardization more likely, but (ii) indirect network effects are … associated with excessive standardization. We show in Clements’ framework that neither of these results are correct …: standardization is more likely as the number of software firms increases and when the type of market equilibrium is unique— there are …
Persistent link: https://www.econbiz.de/10011084429
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Legal Evolution, Contract Evolution, and Standardization
Gennaioli, Nicola; Perotti, Enrico C; Ponzetto, Giacomo AM - C.E.P.R. Discussion Papers - 2014
law matures. Contract standardization avoids this cost, statically improving enforcement; but it crowds out innovative …
Persistent link: https://www.econbiz.de/10011084669
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Network Effects, Standardization, and the Internet: What Have We Learned From The DVD Vs. DIVX Battle?
Dranove, David; Gandal, Neil - C.E.P.R. Discussion Papers - 1999
standardization, that is, left alone the market may fail to achieve standardization when it is socially desirable and (2) even if the …
Persistent link: https://www.econbiz.de/10005666918
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The Rules of Standard Setting Organizations: An Empirical Analysis
Chiao, Benjamin; Lerner, Josh; Tirole, Jean - C.E.P.R. Discussion Papers - 2007
This paper empirically explores standard-setting organizations’ policy choices. Consistent with Lerner-Tirole (2006), we find (a) a negative relationship between the extent to which an SSO is oriented to technology sponsors and the concession level required of sponsors and (b) a positive...
Persistent link: https://www.econbiz.de/10005792070
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Industrial Policy and Competition
Aghion, Philippe; Dewatripont, Mathias; Du, Liqun; … - C.E.P.R. Discussion Papers - 2011
enterprises for the period 1998 through 2007 to test for complementarity between competition and industrial policy. A main … competition-friendly and therefore more growth-enhancing. …
Persistent link: https://www.econbiz.de/10009359485
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Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education
Kosfeld, Michael; Schüwer, Ulrich - C.E.P.R. Discussion Papers - 2011
Previous research shows that firms shroud high add-on prices in competitive markets with naive consumers leading to inefficiency. We analyze the effects of regulatory intervention via educating naive consumers on equilibrium prices and welfare. Our model allows firms to shroud, unshroud, or...
Persistent link: https://www.econbiz.de/10009367427
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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