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GROWTH AND PUBLIC SUPPORT TO INNOVATION AND IMITATION

Sebastián, Fidel Pérez - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2001

incorporates imitation of foreign techniques. The transitional dynamics of the model can account for some well-known empirical … imitation. The paper also documents that mos predictions of the model are consistent with the empirical evidence. Overall, these … results suggest that foreign techniques can be the main driving force behind imitation policy. The paper shows as well that …

Persistent link: https://www.econbiz.de/10005212577

The evolution of walrasian behavior

Redondo, Fernando Vega - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1996

Consider an evolutionary context where a given number of quantity-setting oligopolists tend to mimic successful behavior, occasionally experimenting with some small probability. In this context, it is shown that the unique long-run outcome of the process has all firms playing Walrasian, i.e.,...

Persistent link: https://www.econbiz.de/10008542857

From Walrasian oligopolies to natural monopolyan: An evolutionary model of market structure

Ania, Ana B.; Ferrer, Carlos Alós; Redondo, Fernando Vega - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1997

We study a market for a homogeneous good in which firms adjust theirproduction decisions on the basis of imitation …

Persistent link: https://www.econbiz.de/10005731327

- AN EVOLUTIONARY MODEL OF BERTRAND OLIGOPOLY

Ania, Ana B.; Alós-Ferrer, Carlos; Schenk-Hoppé, Klaus R. - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1998

We analyze the long-run outcome of markets in which boundedly rational firms with a decreasingreturns to scale technology compete in prices. The behavior of these firms is based on limitation ofsuccess and experimentation. In this framework, we introduce a new approach to model boundedlyrational...

Persistent link: https://www.econbiz.de/10005515960

LA INFLUENCIA DEL PODER DE LA DIRECCION EN EL RIESGO Y EN EL VALOR DE LA EMPRESA: EVIDENCIA PARA EL MERCADO ESPAÑOL

Mínguez, Antonio; Ugedo, Juan Francisco Martín - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2005

This paper analyzes the effect of the power of the chairman and CEO on firm risk. As proxies of power several variables have been employed: the fact that a person accumulates both the CEO and the Chairman titles, the fact of CEO or Chairman being founders, their tenure, their shareholding and...

Persistent link: https://www.econbiz.de/10005212539

BARGAINING, VOTING, AND VALUE

Valenciano, Federico; Laruelle, Annick - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2004

This paper addresses the following issue: If a set of agents bargain on a set of feasible alternatives 'in the shadow' of a voting rule, that is, any agreement can be enforced if a 'winning coalition' supports it, what general agreements are likely to arise? In other words: What influence can...

Persistent link: https://www.econbiz.de/10005731371

POTENTIAL, VALUE AND PROBABILITY

Valenciano, Federico; Laruelle, Annick - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2003

This paper focuses on the probabilistic point of view and proposes a extremely simple probabilistic model that provides a single and simple story to account for several extensions of the Shapley value, as weighted Shapley values, semivalues, and weak (weighted or not) semivalues, and the Shapley...

Persistent link: https://www.econbiz.de/10005731387