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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

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

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

Industrial Policy and Competition

Aghion, Philippe; Dewatripont, Mathias; Du, Liqun; … - C.E.P.R. Discussion Papers - 2011

, productivity growth, and product innovation to a larger extent when it targets more competitive sectors and when it is not …

Persistent link: https://www.econbiz.de/10009359485

Multilateral Subsidy Games

Leahy, Dermot; Neary, J Peter - C.E.P.R. Discussion Papers - 2007

This paper examines the rationale for multilateral agreements to limit investment subsidies. The welfare ranking of symmetric multilateral subsidy games is shown to depend on whether or not investment levels are "friendly", raising rival profits in total, and/or strategic complements, raising...

Persistent link: https://www.econbiz.de/10005662067

From Natural Resources to High-tech Production: The Evolution of Industrial Competitiveness in Sweden and Finland

Blomström, Magnus; Kokko, Ari - C.E.P.R. Discussion Papers - 2003

mix of systematic knowledge creation and random technological innovation. The experiences from Sweden and Finland suggest …

Persistent link: https://www.econbiz.de/10005666460

Absorptive Capacity, R&D Spillovers and Public Policy

Leahy, Dermot; Neary, J Peter - C.E.P.R. Discussion Papers - 2004

Empirical evidence strongly suggests that R&D increases a firm’s ‘absorptive capacity’ (its ability to absorb spillovers from other firms) as well as contributing directly to profitability. We explore the theoretical implications of this. We specify a general model of the absorptive...

Persistent link: https://www.econbiz.de/10005789040

Evaluating Welfare Losses Under R&D Rivalry and Product Differentiation

Katsoulacos, Yannis; Ulph, David - C.E.P.R. Discussion Papers - 1994

We evaluate the social welfare loss (WL) that arises in an oligopolistic industry under technological competition and product differentiation. The main novelty of our approach concerns the decomposition of the WL into `dynamic' losses (from too little cost reduction and an inappropriate number...

Persistent link: https://www.econbiz.de/10005791632

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