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This Paper studies the effect of knowledge diffusion on the incentives for developed countries’ (DC) firms to undertake costly transfer of production knowledge of an input to their developing countries’ (LDC) suppliers whose costs of production vary inversely with their technological effort....
Persistent link: https://www.econbiz.de/10005136533
due to consumption externalities. Finally, with perfectly flexible prices the ranking might increase the market power of …
Persistent link: https://www.econbiz.de/10009385758
-term externalities of binge drinking. We find that these externalities are on average £4.9 billion per year ($7 billion), about £80 for …
Persistent link: https://www.econbiz.de/10011168897
‘pecuniary externalities’. Two that affect borrowers and lenders balance sheets in pro-cyclical fashion are described, along with … measures that might help curb their destabilising effects. These ‘pecuniary externalities’ can be thought of as the unintended … Greenwald and Stiglitz (1986) – that when externalities are present, leaving things to the market may not be ‘constrained Pareto …
Persistent link: https://www.econbiz.de/10011083632
Randomized experiments provide policy relevant treatment effects if there are no spillovers between participants and nonparticipants. We show that this assumption is violated for a Danish activation program for unemployed workers. Using a difference-in-difference model we show that the...
Persistent link: https://www.econbiz.de/10011083719
This paper studies a dynamic bargaining model with informational externalities between bargaining pairs. Two principals …
Persistent link: https://www.econbiz.de/10011083946
externalities are strong and bank franchise values are not too low, the private equilibrium can feature excess dividends relative to …
Persistent link: https://www.econbiz.de/10011084101
smooth dividend policy. We present a model that explains this behavior in a setting where there are financial externalities … banks. When such negative externalities are strong and bank franchise values are not too low, the private equilibrium can …
Persistent link: https://www.econbiz.de/10011084390
What is common to the following situations: incentivizing collective action in the presence of social preferences, monopoly pricing when consumers are loss averse, arms races when players are privately informed of their armament costs? We present a simple formalism, called X-games, which unifies...
Persistent link: https://www.econbiz.de/10011084519
externalities and their impact on regional innovation. We examine MSA-level patent data during the period 1975-2000 and find that …
Persistent link: https://www.econbiz.de/10011084673