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Investment and Usage of New Technologies: Evidence from a Shared ATM Network
Degryse, Hans; Ferrari, Stijn; Verboven, Frank - C.E.P.R. Discussion Papers - 2007
When new technologies become available, it is not only essential that firms have the correct investment incentives, but … often also that consumers make the proper usage decisions. This paper studies investment and usage in a shared ATM network …. Because all banks coordinate their ATM investment decisions, there is no strategic but only a pure cost-saving incentive to …
Persistent link: https://www.econbiz.de/10005662325
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China’s Decentralized Privatization and Change of Control Rights
Gan, Jie; Guo, Yan; Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2015
A distinct feature of China’s privatization is that both its design and its implementation are highly decentralized and are administered by the local governments. Based on a survey of 3,000 firms in over 100 Chinese cities, this paper studies how city governments choose among various...
Persistent link: https://www.econbiz.de/10011145391
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Networks of Relations and Social Capital
Lippert, Steffen; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2005
We model networks of relational (or implicit) contracts, exploring how sanctioning power and equilibrium conditions change under different network configurations and information transmission technologies. In our model relations are the links, and the value of the network lies in its ability to...
Persistent link: https://www.econbiz.de/10005114333
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Taxation and the International Mobility of Inventors
Akcigit, Ufuk; Baslandze, Salomé; Stantcheva, Stefanie - C.E.P.R. Discussion Papers - 2015
This paper studies the effect of top tax rates on inventors' mobility since 1977. We put special emphasis on "superstar" inventors, those with the most and most valuable patents. We use panel data on inventors from the United States and European Patent Offices to track inventors' locations over...
Persistent link: https://www.econbiz.de/10011272707
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The Environment and Directed Technical Change
Acemoglu, Daron; Aghion, Philippe; Bursztyn, Leonardo; … - C.E.P.R. Discussion Papers - 2011
This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation. Research can be directed...
Persistent link: https://www.econbiz.de/10009365645
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Long-Term Barriers to the International Diffusion of Innovations
Spolaore, Enrico; Wacziarg, Romain - C.E.P.R. Discussion Papers - 2011
We document an empirical relationship between the cross-country adoption of technologies and the degree of long-term historical relatedness between human populations. Historical relatedness is measured using genetic distance, a measure of the time since two populations’ last common ancestors....
Persistent link: https://www.econbiz.de/10009275967
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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
This paper argues that an economy's transition from Malthusian stagnation to modern growth requires markets to reach a critical size, and competition to reach a critical level of intensity. By allowing an economy to produce a greater variety of goods, a larger market makes goods more...
Persistent link: https://www.econbiz.de/10005041097
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Do Oil Windfalls Improve Living Standards? Evidence from Brazil
Caselli, Francesco; Michaels, Guy - C.E.P.R. Discussion Papers - 2009
We use variation in oil output among Brazilian municipalities to investigate the effects of resource windfalls. We find muted effects of oil through market channels: offshore oil has no effect on municipal non-oil GDP or its composition, while onshore oil has only modest effects on non-oil GDP...
Persistent link: https://www.econbiz.de/10008509470
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Has ICT Polarized Skill Demand? Evidence from Eleven Countries over 25 years
Michaels, Guy; Natraj, Ashwini; Van Reenen, John - C.E.P.R. Discussion Papers - 2010
OECD labor markets have become more “polarized” with employment in the middle of the skill distribution falling relative to the top and (in recent years) also the bottom of the skill distribution. We test the hypothesis of Autor, Levy, and Murnane (2003) that this is partly due to...
Persistent link: https://www.econbiz.de/10008553070
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Spillovers in Space: Does Geography Matter?
Lychagin, Sergey; Pinkse, Joris; Slade, Margaret E.; … - C.E.P.R. Discussion Papers - 2010
We simultaneously assess the contributions to productivity of three sources of research and development spillovers: geographic, technology and product–market proximity. To do this, we construct a new measure of geographic proximity that is based on the distribution of a firm’s inventor...
Persistent link: https://www.econbiz.de/10008554232