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Cinema is a specific industry characterized by high fixed costs, non-rivalry of consumers, an exogenous price and different channels of diffusion. Despite of the boom of rival media (TV, recorders, DVD, etc.), the cinema in theaters is a growing industry which reinforces the domination of the...
Persistent link: https://www.econbiz.de/10011074562
Motivated by policy events experienced during the last two decades by the European natural gas industry, this paper develops a simple model for analyzing the interaction between gas release and capacity investment programs as tools to improve the performance of imperfectly competitive markets....
Persistent link: https://www.econbiz.de/10010706828
failure, by making a critical appraisal of certain works on innovation journey. We show that product innovation is not always …
Persistent link: https://www.econbiz.de/10011171592
We prove that the change in welfare of a representative consumer is summarized by the current and expected future … while taking prices parametrically. This result justifies TFP as the right summary measure of welfare (even in situations … where it does not properly measure technology) and makes it possible to calculate the contributions of disaggregated units …
Persistent link: https://www.econbiz.de/10008514853
To date there has been few systematic and comparative empirical analyses of the nature of economic development in Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of structural change between 1980 and 2010, focusing on the...
Persistent link: https://www.econbiz.de/10010884080
This paper critically discusses the theoretical and empirical literature on the quantitative and qualitative employment impact of technological change, compares the relative explanatory power of the competing theories, and explains in detail the macro and micro evidence on the issue, with...
Persistent link: https://www.econbiz.de/10009646305
Network industries are now characterized by a regime of permanent innovation, while they continue to be fixed and sunk … figuring out the possible futures of the technology and of the industry. Avoiding oligopoly capture relies on an understanding …
Persistent link: https://www.econbiz.de/10010723175
We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …
Persistent link: https://www.econbiz.de/10010791525
Persistent link: https://www.econbiz.de/10010861401
Business groups, which are ubiquitous in emerging market economies, balance the advantages of characteristics such as internal capital markets with the disadvantages such as inefficient internal distribution of resources and suppression of technological and other forms of innovativeness. In this...
Persistent link: https://www.econbiz.de/10010884118