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Why every Economist should Learn some Auction Theory
Klemperer, Paul - C.E.P.R. Discussion Papers - 2000
This is a preliminary draft of an Invited Symposium paper for the World Congress of the Econometric Society to be held in Seattle in August 2000. We discuss the strong connections between auction theory and 'standard' economic theory, and argue that auction-theoretic tools and intuitions can...
Persistent link: https://www.econbiz.de/10005792157
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Buying Online: Sequential Decision Making by Shopbot Visitors
Dulleck, Uwe; Hackl, Franz; Weiss, Bernhard; … - C.E.P.R. Discussion Papers - 2008
In this article we propose a two stage procedure to model demand decisions by customers who are balancing several dimensions of a product. We then test our procedure by analyzing the behavior of buyers from an Austrian price comparison site. Although in such a market a consumer will typically...
Persistent link: https://www.econbiz.de/10005504575
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Religion and Innovation
Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015
individual level, examining the relationship between religiosity and a broad set of pro- or anti-innovation attitudes in all five … waves of the World Values Survey (1980 to 2005). We thus relate eleven indicators of individual openness to innovation … innovation. …
Persistent link: https://www.econbiz.de/10011213308
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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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Forbidden Fruits: The Political Economy of Science, Religion, and Growth
Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015
We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...
Persistent link: https://www.econbiz.de/10011262883
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The Berlin Stock Exchange in Imperial Germany – a Market for New Technology?
Lehmann, Sibylle; Streb, Jochen - C.E.P.R. Discussion Papers - 2015
Analysing 474 cases of firms going public in the German capital between 1892 and 1913, we show that innovative firms could rely on the Berlin stock market as a source of financing. The data also reveal that initial public offerings (IPO) of innovative firms were characterized by particularly low...
Persistent link: https://www.econbiz.de/10011266534
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Firm collaboration and modes of innovation in Norway
Fitjar, Rune Dahl; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2011
This paper examines the sources of firm product and process innovation in Norway. It uses a purpose-built survey of ….’s (2007) contention that firm innovation is both the result of ‘science, technology and innovation’ (STI) and ‘doing, using … innovation and that both STI and DUI-modes of interaction matter. However, it also shows that DUI modes of interaction outside …
Persistent link: https://www.econbiz.de/10009225958
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Venture Capital, Patenting, and Usefulness of Innovations
Fabrizi, Simona; Lippert, Steffen; Norbäck, Pehr-Johan; … - C.E.P.R. Discussion Papers - 2011
We analyze incentives to develop entrepreneurial ideas for venture capitalists (VCs) and incumbent firms. If VCs are sufficiently better at judging an idea's value and if it is sufficiently more costly to patent low than high value ideas, VCs acquire valuable ideas, develop them beyond the level...
Persistent link: https://www.econbiz.de/10009643508
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The Environment and Directed Technical Change
Acemoglu, Daron; Aghion, Philippe; Bursztyn, Leonardo; … - C.E.P.R. Discussion Papers - 2011
dirty innovation and production; (ii) optimal policy involves both .carbon taxes. and research subsidies, so that excessive … the switch to clean innovation under laissez-faire when the two inputs are substitutes. Under reasonable parameter values …
Persistent link: https://www.econbiz.de/10009365645
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Supplier Responses to Wal-Mart's Invasion in Mexico
Iacovone, Leonardo; Javorcik, Beata; Keller, Wolfgang; … - C.E.P.R. Discussion Papers - 2011
productivity and the rate of innovation. These predictions accord well with the results from our firm interviews. The model …
Persistent link: https://www.econbiz.de/10009275963