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The Weightless Economy in Economic Development

Quah, Danny - C.E.P.R. Discussion Papers - 1999

Can the increasing significance of knowledge-products in national income---the growing weightless economy---influence economic development? Those technologies reduce ``distance'' between consumers and knowledge production. This paper analyzes a model embodying such a reduction. The model shows...

Persistent link: https://www.econbiz.de/10005791375

Internet Security, Vulnerability Disclosure and Software Provision

Choi, Jay-Pil; Fershtman, Chaim; Gandal, Neil - C.E.P.R. Discussion Papers - 2005

In this paper, we examine how software vulnerabilities affect firms that license software and consumers that purchase … software. In particular, we model three decisions of the firm: (i) an upfront investment in the quality of the software to … software. We also model two decisions of the consumer: (i) whether to purchase the software; and (ii) whether to apply a patch. …

Persistent link: https://www.econbiz.de/10005792060

Matching Demand and Supply in a Weightless Economy: Market-Driven Creativity With and Without IPRs

Quah, Danny - C.E.P.R. Discussion Papers - 2002

Many cultural products have the same non-rival nature as scientific knowledge. They therefore face identical difficulties in creation and dissemination. One traditional view says market failure is endemic – societies tolerate monopolistic inefficiency in intellectual property (IP) protection...

Persistent link: https://www.econbiz.de/10005498130

The Determinants of Output Per Contributor in Open Source Projects: An Empirical Examination

Fershtman, Chaim; Gandal, Neil - C.E.P.R. Discussion Papers - 2004

Using a unique dataset we examine empirically which factors explain output per contributor in open source projects. We find that the output per contributor of open source programmes is much higher when licenses are less restrictive. Further examination suggests that the difference in output per...

Persistent link: https://www.econbiz.de/10005124098

The Choice of Exchange Rate Regime in Developing Countries: A Multinational Panel Analysis

von Hagen, Jürgen; Zhou, Jizhong - C.E.P.R. Discussion Papers - 2004

-effects multinomial panel models are estimated using simulation-based techniques. Explanatory variables include OCA fundamentals …

Persistent link: https://www.econbiz.de/10005789054

Solving Heterogeneous-Agent Models with Parameterized Cross-Sectional Distributions

Algan, Yann; Allais, Olivier; Den Haan, Wouter - C.E.P.R. Discussion Papers - 2007

disadvantages of the prevailing algorithm that strongly relies on simulation techniques and is easier to implement than existing … possible to avoid Monte Carlo integration. The paper also develops a new simulation procedure that not only avoids cross … finite number of agents. This procedure can help to improve the efficiency of the most popular algorithm in which simulation …

Persistent link: https://www.econbiz.de/10005114163

The Measurement of Policy Effects in a Non-Causal Model: An Application to Economic Policy in the UK, 1974-79

Artis, Michael J; Bladen-Hovell, Robin; Ma, Yue - C.E.P.R. Discussion Papers - 1991

There is a well-established methodology for measuring the effects of economic policy in a model that is `causal' or backward-looking. In this paper a complementary methodology is described for the case in which the model is `non-causal' or forward-looking. The methodology is then applied to an...

Persistent link: https://www.econbiz.de/10005281389

Globalisation and Migratory Pressures from Developing Countries: A Simulation Analysis

de Melo, Jaime; Ettinger, Charles; Faini, Riccardo - C.E.P.R. Discussion Papers - 1997

We use a Ricardo-Viner model to study the determinants of the supply of outmigration in developing countries in a model with heterogenous households. We assume that heterogeneity and migration costs prevent households from total migration. Data are calibrated to two archetypal developing...

Persistent link: https://www.econbiz.de/10005666737

The Next Birth and the Labour Market: A Dynamic Model of Births in England and Wales

De Cooman, Eric; Ermisch, John F; Joshi, Heather - C.E.P.R. Discussion Papers - 1985

The object of this paper is to see how far developments in the labour market can help to explain the fluctuations in births which have been experienced over the period 1952-1980 in England and Wales. We examine separately the period rate of childless women proceeding to the first birth, mothers...

Persistent link: https://www.econbiz.de/10005656378

Neoclassical Growth and Commodity Trade

Cuñat, Alejandro; Maffezzoli, Marco - C.E.P.R. Discussion Papers - 2002

We construct and numerically solve a dynamic Heckscher-Ohlin model in which the initial distribution of production factors in the world makes worldwide factor price equalization impossible, and leads countries to group in two diversification cones. We study the dynamics of income per capita and...

Persistent link: https://www.econbiz.de/10005504435