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Growth Effects of Non-Proprietary Innovation

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2001

We study and endogenous growth model where a profit-motivated R&D sector coexists with the introduction of free blueprints invented by philanthropists. These goods are priced at marginal cost, contrary to proprietary ones, which are produced by a monopoly owned by the inventor. We show that...

Persistent link: https://www.econbiz.de/10005662038

The Weightless Economy in Economic Development

Quah, Danny - C.E.P.R. Discussion Papers - 1999

Can the increasing significance of knowledge-products in national income---the growing weightless economy---influence economic development? Those technologies reduce ``distance'' between consumers and knowledge production. This paper analyzes a model embodying such a reduction. The model shows...

Persistent link: https://www.econbiz.de/10005791375

Internet Security, Vulnerability Disclosure and Software Provision

Choi, Jay-Pil; Fershtman, Chaim; Gandal, Neil - C.E.P.R. Discussion Papers - 2005

In this paper, we examine how software vulnerabilities affect firms that license software and consumers that purchase … software. In particular, we model three decisions of the firm: (i) an upfront investment in the quality of the software to … software. We also model two decisions of the consumer: (i) whether to purchase the software; and (ii) whether to apply a patch. …

Persistent link: https://www.econbiz.de/10005792060

The Determinants of Output Per Contributor in Open Source Projects: An Empirical Examination

Fershtman, Chaim; Gandal, Neil - C.E.P.R. Discussion Papers - 2004

Using a unique dataset we examine empirically which factors explain output per contributor in open source projects. We find that the output per contributor of open source programmes is much higher when licenses are less restrictive. Further examination suggests that the difference in output per...

Persistent link: https://www.econbiz.de/10005124098

Matching Demand and Supply in a Weightless Economy: Market-Driven Creativity With and Without IPRs

Quah, Danny - C.E.P.R. Discussion Papers - 2002

Many cultural products have the same non-rival nature as scientific knowledge. They therefore face identical difficulties in creation and dissemination. One traditional view says market failure is endemic – societies tolerate monopolistic inefficiency in intellectual property (IP) protection...

Persistent link: https://www.econbiz.de/10005498130

Banking (Conservatively) With Optimists

Manove, Michael; Padilla, Atilano Jorge - C.E.P.R. Discussion Papers - 1998

In the course of ordinary business, commercial banks frequently encounter entrepreneurs seeking loans for the purpose … of financing new or continuing projects. These entrepreneurs are frequently unrealistic, their perception having been … relationship between banks and possible optimistic entrepreneurs. We examine this capital market from the stand-point of economic …

Persistent link: https://www.econbiz.de/10005791403

Growing like China

Song, Zheng Michael; Storesletten, Kjetil; Zilibotti, … - C.E.P.R. Discussion Papers - 2009

credit markets. Due to the financial imperfections, high-productivity firms - which are run by entrepreneurs - must be …

Persistent link: https://www.econbiz.de/10005123794

Entrepreneurial Innovations, Competition and Competition Policy

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2008

We construct a model where an entrepreneur could either innovate for entry or for sale. It is shown that increased product competition tends to increase the relative profitability of innovation for sale relative to entry. Increased competition reduces entrants' and acquirers' profits in a...

Persistent link: https://www.econbiz.de/10005497863

The Taxation of Entrepreneurial Income in a Transition Economy: Issues Raised by Experience in Poland

MEP, Grabowski; Maciej, Dariusz; Smith, Stephen - C.E.P.R. Discussion Papers - 1995

to the taxation of entrepreneurs in transition economies. …

Persistent link: https://www.econbiz.de/10005656322

Job Matching, Social Network and Word-of-Mouth Communication

Calvó-Armengol, Antoni; Zenou, Yves - C.E.P.R. Discussion Papers - 2001

In our model, workers are embedded within a network of social relationships and can communicate through word-of-mouth. They can find a job either through formal agencies or through informal networks of contacts (word-of-mouth communication). From this micro scenario, we derive an aggregate...

Persistent link: https://www.econbiz.de/10005789195

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