Similar Search Results

Money for nothing: how firms have financed R&D-projects since the industrial revolution

Bakker, Gerben - London School of Economics (LSE) - 2013

with cash, for which no perfect market existed: the presence of sunk costs, real uncertainty, long time lags, adverse …

Persistent link: https://www.econbiz.de/10011126334

Bernard, Andrew B.; Redding, Stephen; Schott, Peter K. - London School of Economics (LSE) - 2003

This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by U.S. manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than...

Persistent link: https://www.econbiz.de/10010884551

Entry and asymmetric lobbying: why governments pick losers

Baldwin, Richard E.; Robert-Nicoud, Frédéric - London School of Economics (LSE) - 2007

Governments frequently intervene to support domestic industries, but a surprising amount of this support goes to ailing sectors. We explain this with a lobbying model that allows for entry and sunk costs. Specifically, policy is influenced by pressure groups that incur lobbying expenses to...

Persistent link: https://www.econbiz.de/10010884692

Private sector employment growth, 1998-2004: a panel analysis of British workplaces

Bryson, Alex; Nurmi, Satu - London School of Economics (LSE) - 2008

Using nationally representative panel data for British private sector workplaces this paper points to the importance of distinguishing between workplace and firm size when analysing employment growth, and finds that the factors associated with growth differ markedly between single independent...

Persistent link: https://www.econbiz.de/10010928607

Recovering the sunk costs of R&D: the moulds industry case

Santos, Carlos Daniel - London School of Economics (LSE) - 2009

Sunk costs for R&D are an important determinant of the level of innovation in the economy. In this paper I recover them using a Markov equilibrium framework. The contribution is twofold. First, a model of industry dynamics which accounts for selection into R&D, capital accumulation and...

Persistent link: https://www.econbiz.de/10010745785

Scale effects in markets with search

Petrongolo, B; Pissarides, Christopher - London School of Economics (LSE) - 2003

Reduced- form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may miss important scale effects at the micro level, because of the reactions of job searchers. A semi-structural model is developed and estimated on a British sample, testing for...

Persistent link: https://www.econbiz.de/10010746289

Scale effects in markets with search

Petrongolo, Barbara; Pissarides, Christopher - London School of Economics (LSE) - 2006

Reduced-form tests of scale effects in markets with search, based on aggregate matching functions, may miss important scale effects at the micro level, because of the reactions of job searchers. We estimate a semi-structural model on a British sample of unemployed people, testing for scale...

Persistent link: https://www.econbiz.de/10010746460

Economic recovery and policy uncertainty

Baker, Scott R.; Davis, Steven J.; Bloom, Nick; Van … - London School of Economics (LSE) - 2012

ideological divide, the US seems destined to heightened levels of policy uncertainty for many years to come. Some research … suggests that such uncertainty, particularly over economic policy, partly explains the sluggish nature of the recovery in … America – and - according to one recent study, restoring policy uncertainty to levels that prevailed before the financial …

Persistent link: https://www.econbiz.de/10011125919

Incomplete contracts and the internal organisation of firms

Aghion, Philippe; Van Reenen, John; Bloom, Nicholas - London School of Economics (LSE) - 2013

We survey the theoretical and empirical literature on decentralization within firms. We first discuss how the concept of incomplete contracts shapes our views about the organization of decision-making within firms. We then overview the empirical evidence on the determinants of decentralization...

Persistent link: https://www.econbiz.de/10011126085

Uncertain emission reductions from forest conservation: REDD in the Bale mountains, Ethiopia

Watson, Charlene; Mourato, Susana; Milner-Gulland, E. J. - London School of Economics (LSE) - 2013

, emission reductions accounting contains substantial uncertainty as a result of forest carbon stock estimates, where the … 63% in moist forest and 58% in dry forest. Combining forest carbon stock estimates and uncertainty in voluntary carbon … market prices demonstrates the financial impact of uncertainty: potential revenues over the 20-year project ranged between US …

Persistent link: https://www.econbiz.de/10011126253