Showing 1 - 10 of 24
The Russian labor market was characterized with three main features: a weak sensitivity of employment levels to changing conditions, a high variability of wage, large inter-firm flows of labor resources. This paper recommends a model of a collective firm explaining these phenomena. The main...
Persistent link: https://www.econbiz.de/10008633345
A principal uses security bid auctions to award an incentive contract to one among several agents, in the presence of hidden action and hidden information. Securities range from cash to equity and call options. “Steeper†securities are better surplus extractors that narrow the gap...
Persistent link: https://www.econbiz.de/10010556730
, Khenkin, 1988. It is shown that, as a result of interaction between innovation and imitation, the shape of the efficiency …
Persistent link: https://www.econbiz.de/10008592990
This paper studies the evolution of the distribution of firms in the ferrous metals industry by efficiency levels. The proposed model takes into account interaction of processes of creation and adoption of technologies and depreciation of assets. It is shown that the model approximates real data...
Persistent link: https://www.econbiz.de/10008536068
A simple model of imitation and innovation is developed to explain a complicated picture of relative productivity … imitation, only innovation or a mixed policy prevails. We demonstrate how one can find the stationary states and check their … stability for a broad class of imitation-innovation cost functions. Using World Bank statistical data for the period of 1980 …
Persistent link: https://www.econbiz.de/10008543535
A simple model of technological imitation and innovation is developed to explain club convergence in the evolution of … includes only innovation-imitation tradeoff, and the second one takes into account traditional investment decisions as well. It … versions, there are three types of stable steady-state regimes, with only imitation, only innovation or a mixed policy. Using …
Persistent link: https://www.econbiz.de/10008545982
We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to those who lose the auction. Firms’ bids are dual signals of their cost reductions: the winning bid signals the own cost reduction to rival oligopolists, whereas the losing...
Persistent link: https://www.econbiz.de/10008501954
This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing …
Persistent link: https://www.econbiz.de/10008501956
We propose a difference-differential equation that reflects interactions between innovation and imitation processes to …
Persistent link: https://www.econbiz.de/10008468150
The literature on R&D contests implicitly assumes that contestants submit their innovation regardless of its value …
Persistent link: https://www.econbiz.de/10004980378