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Beath, John; Katsoulacos, Yannis; Ulph, David - C.E.P.R. Discussion Papers - 1988

The outcome of technological competition between firms (or countries) depends on the resolution of two forces: the profit incentive and the competitive threat. This is illustrated using a simple duopoly model. This model is then used to analyze two policy issues: subsidizing R & D and...

Persistent link: https://www.econbiz.de/10005662122

Productivity Spillovers Through Labor Mobility

Heggedal, Tom-Reiel; Moen, Espen R; Preugschat, Edgar - C.E.P.R. Discussion Papers - 2014

imitate by hiring a worker from a firm that has already innovated. We show that if innovation firms can commit to long … contracts, there is too little innovation and too much imitation in equilibrium. Our model is tractable and allows us to analyze … welfare effects of various policies in the limited commitment case. We find that subsidizing innovation and taxing imitation …

Persistent link: https://www.econbiz.de/10011171780

Mobile Phone Coverage and Producer Markets: Evidence from West Africa

Aker, Jenny; Fafchamps, Marcel - C.E.P.R. Discussion Papers - 2013

within sub-Saharan Africa. The existing evidence suggests that information technology has improved market efficiency and … here helps understand how mobile phone coverage affects agricultural market efficiency in developing countries. It suggests …

Persistent link: https://www.econbiz.de/10011083580

Market Structure and Market Performance in E-Commerce

Hackl, Franz; Kummer, Michael E; Winter-Ebmer, Rudolf; … - C.E.P.R. Discussion Papers - 2012

We investigate the causal effect of market structure on market performance in the consumer electronics. We combine data from Austria's largest online site for price comparisons with retail data on wholesale prices provided by a major hardware producer for consumer electronics. We observe input...

Persistent link: https://www.econbiz.de/10011083898

Long-run patterns in market efficiency and the genesis of the market economy: Markets around the Mediterranean from Nebuchadnezzar to Napoleon (580 BC and 1800AD)

Földvári, Péter; van Leeuwen, Bas; Zanden, Jan Luiten Van - C.E.P.R. Discussion Papers - 2011

Price volatility, reflecting the ability to absorb exogenous supply- or demand shocks, is an important dimension of market performance. In this paper we present a model to study the factors determining the price volatility of markets of basic foodstuffs in pre industrial societies. This model is...

Persistent link: https://www.econbiz.de/10009246614

Cost Asymmetries in International Subsidy Games: Should Governments Help Winners or Losers?

Neary, J Peter - C.E.P.R. Discussion Papers - 1991

This paper examines the optimality of export subsidies in oligopolistic markets, when home and foreign firms have different costs and there is an opportunity cost to public funds. Subsidies are found to be optimal only for surprisingly low values of the shadow price of government funds, and if...

Persistent link: https://www.econbiz.de/10005497959

R&D Spillovers and the Case for Industrial Policy in an Open Economy

Leahy, Dermot; Neary, J Peter - C.E.P.R. Discussion Papers - 1997

In this paper we consider the case for subsidies towards firms which generate R&D spillovers in open economies. We show that in the presence of strategic behaviour by firms many expected results are overturned. Local R&D spillovers to other domestic firms may justify an R&D tax rather than a...

Persistent link: https://www.econbiz.de/10005497996

Pitfalls in the Theory of International Trade Policy: Concertina Reforms of Tariffs and Subsidies to HIgh-Technology Industries

Neary, J Peter - C.E.P.R. Discussion Papers - 1997

This paper explores the links between international trade theory and the practice of trade and industrial policy in open economies, with special attention to three areas where theoretical lessons have been misunderstood in policy debates. It argues that the ‘concertina rule’ for tariff...

Persistent link: https://www.econbiz.de/10005498116

International Trade, Trade and Industrial Policy and Imperfect Competition: A Survey

Venables, Anthony J - C.E.P.R. Discussion Papers - 1985

The incorporation of details of industrial organisation into the study of international trade has been the subject of a fast growing recent literature which is surveyed in this paper. Whereas the conventional theory of trade deals almost exclusively with perfect competition and non-increasing...

Persistent link: https://www.econbiz.de/10005498164

Did Muhammad Ali Foster Industrialization in Early 19th Century Egypt?

Panza, Laura; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 2013

Muhammad Ali, who ruled Egypt between 1805 and 1849, intervened in Egyptian markets in an attempt to foster industrialization, especially between 1812 and 1840. Like a modern marketing board, the state purchased agricultural commodities (cotton, wheat) at low prices and sold them on world...

Persistent link: https://www.econbiz.de/10011083712