Showing 1 - 10 of 88
This paper evaluates how different lengths of entry regulation impact market structure and market performance using a dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms have the opportunity to...
Persistent link: https://www.econbiz.de/10010670793
-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …
Persistent link: https://www.econbiz.de/10009024844
expenditure in Sweden, where mean age at death increased by 1.88 years during the period 1997-2010. Pharmaceutical innovation is …We use longitudinal, disease-level data to analyze the impact of pharmaceutical innovation on longevity and medical … the number of drugs to treat a disease, not the number of drug classes. Pharmaceutical innovation also reduced hospital …
Persistent link: https://www.econbiz.de/10010569681
This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and … of stronger persistence in productivity than in innovation. …
Persistent link: https://www.econbiz.de/10010670799
The existing literature on "two-sided markets" addresses participation externalities, but so far it has neglected pecuniary externalities between competing platforms. In this paper we build a model that incorporates both externalities. In our setup differentiated platforms compete in advertising...
Persistent link: https://www.econbiz.de/10005196311
For several years, an increasing number of firms have been investing in Open Source Software (OSS). While improvements in such a non-excludable public good cannot be appropriated, companies can benefit indirectly in a complementary proprietary segment. We study this incentive for investment in...
Persistent link: https://www.econbiz.de/10005406315
This paper investigates to what extent unregulated local monopolies attempt not to evoke the introduction of a formal price regulation by conforming to customers’ and authorities’ expectations. It is argued that utilities can meet expectations by setting prices that imitate neighbours’...
Persistent link: https://www.econbiz.de/10008534016
What determines the structure of labour market institutions? This paper argues that common explanations based on rent sharing are incomplete; unions, job protection, and egalitarian pay structures may have as much to do with social insurance of otherwise uninsurable risks as with rent sharing and...
Persistent link: https://www.econbiz.de/10005181371
results quantify the role of regional factor markets in firm productivity and location. Considering modern China as a large …
Persistent link: https://www.econbiz.de/10010877649
This paper studies the productivity impact of a contract change for tea pluckers in an Indian plantation. The contract …
Persistent link: https://www.econbiz.de/10010877659