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potential suppliers generate and sell the most suitable innovation. Moreover, procurement by public agencies and large firms … the degree of competition between suppliers, as well as other more practical indirect ways to stimulate innovation. We … discuss the effects of standard setting activities by large, often public, procurers on innovation races. We evaluate how …
Persistent link: https://www.econbiz.de/10005791875
international competitiveness - to a lack of innovative activity. In Germany the Innovationskrise (innovation crisis) combines with …
Persistent link: https://www.econbiz.de/10005661481
We study the earnings structure and the equilibrium assignment of workers when they exert intra-firm spillovers on each other. We allow for arbitrary spillovers provided output depends on some aggregate index of workers' skill. Despite the possibility of increasing returns to skills, equilibrium...
Persistent link: https://www.econbiz.de/10005123995
This paper presents a small open economy version of the Benhabib and Farmer [2] two sector optimal growth model with production externalities. It is shown that indeterminacy is considerably easier to obtain under a regime of perfect world capital markets than in the closed economy variant....
Persistent link: https://www.econbiz.de/10005136752
This Paper studies the size and number of industrial clusters that will arise in a multi-country world in which, because of increasing returns to scale, one sector has a propensity to cluster. It compares the equilibrium with the world welfare maximum, showing that the equilibrium will generally...
Persistent link: https://www.econbiz.de/10005067646
We incorporate equilibrium unemployment due to imperfect matching into a model of trade in intermediate inputs (Ethier (1982)). Firms are assumed to be price takers and their size is given by technology. Firms enter the market as long as expected profits cover the search cost they incur...
Persistent link: https://www.econbiz.de/10005497712
This paper considers optimal educational investment and labour supply with increasing returns to scale in the earnings function In so doing we develop the work of Rosen (1983), who first highlighted the increasing returns argument that arises because private returns to human capital investment...
Persistent link: https://www.econbiz.de/10005497988
This paper investigates the possibility of endogenous fluctuations in the international distribution of economic activities in the presence of increasing returns, monopolistic competition, trade and convex adjustment costs without allowing for any local productive externalities. Using a...
Persistent link: https://www.econbiz.de/10005504285
Peaks and troughs in the spatial distributions of population, employment and wealth are a universal phenomenon in search of a general theory. Such spatial imbalances have two possible explanations. In the first, uneven economic development can be seen as the result of the uneven distribution of...
Persistent link: https://www.econbiz.de/10005662148
Krugman’s (1980) model of trade predicts that the country with the relatively large number of consumers is the net exporter and hosts a disproportionate share of firms in the increasing returns sector. He terms these results 'home market effects'. This Paper analyzes three additional models...
Persistent link: https://www.econbiz.de/10005667026