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Follower payoffs in symmetric duopoly games

von Stengel, Bernhard - London School of Economics (LSE) - 2010

This paper compares the leader and follower payoff in a duopoly game, as they arise in sequential play, with the Nash payoff in simultaneous play. If the game is symmetric, has a unique symmetric Nash equilibrium, and players' payoffs are monotonic in the opponent's choice along their own best...

Persistent link: https://www.econbiz.de/10010744848

Endogenous technological progress and the cross section of stock returns

Lin, Xiaoji - London School of Economics (LSE) - 2009

I study the cross sectional variation of stock returns and technological progress using a dynamic equilibrium model with production. In the model, technological progress is en- dogenously driven by R&D investment and is composed of two parts. One part is product innovation devoted to creating...

Persistent link: https://www.econbiz.de/10011071068

Basic research and sequential innovation

Belenzon, Sharon - London School of Economics (LSE) - 2006

problem of underinvestment in basic research is confirmed: spillovers of more general knowledge (and in this respect, more …

Persistent link: https://www.econbiz.de/10010745650

Peer effects in science: evidence from the dismissal of scientists in Nazi Germany

Waldinger, Fabian - London School of Economics (LSE) - 2009

This paper analyzes peer effects among university scientists. Specifically, it investigates whether the number of peers and their average quality affects the productivity of researchers in physics, chemistry, and mathematics. The usual endogeneity problems related to estimating peer effects are...

Persistent link: https://www.econbiz.de/10010745806

Identifying technology spillovers and product market rivalry

Bloom, Nick; Schankerman, Mark; Van Reenen, John - London School of Economics (LSE) - 2005

Government policies to support R&D are predicated on empirical evidence of R&D "spillovers" between firms. But there … are two countervailing R&D spillovers: positive effects from technology spillovers and negative effects from business … stealing by product market rivals. We develop a general framework showing that technology and product market spillovers have …

Persistent link: https://www.econbiz.de/10011125934

Geographic concentration and the temporal scope of agglomeration economics: an index decomposition

Wren, Colin - London School of Economics (LSE) - 2011

are fixed over reasonably long time periods, but if spillovers have a limited temporal scope then this can be used to …

Persistent link: https://www.econbiz.de/10011125978

Identifying technology spillovers and product market rivalry

Bloom, Nick; Schankerman, Mark; Van Reenen, John - London School of Economics (LSE) - 2013

The impact of R&D on growth through spillovers has been a major topic of economic research over the last thirty years …. A central problem in the literature is that firm performance is affected by two countervailing "spillovers" : a positive … effect from technology (knowledge) spillovers and a negative business stealing effects from product market rivals. We develop …

Persistent link: https://www.econbiz.de/10011126004

Infrastructure and regional growth in the European Union

Crescenzi, Riccardo; Rodríguez-Pose, Andrés - London School of Economics (LSE) - 2012

Transport infrastructure has represented one of the cornerstones of development and cohesion strategies in the European Union (EU) and elsewhere in the world. However, despite the considerable funds devoted to it, its impact remains controversial. This paper revisits the question of to what...

Persistent link: https://www.econbiz.de/10011126112

Fracking growth

Fetzer, Thiemo - London School of Economics (LSE) - 2014

This paper estimates the effect of the shale oil and gas boom in the United States on local economic outcomes. The main source of exogenous variation to be explored is the location of previously unexplored shale deposits. These have become technologically recoverable through the use of hydraulic...

Persistent link: https://www.econbiz.de/10011126197

Foreign direct investment and domestic entrepreneurship: blessing or curse?

Estrin, Saul; Hülya Danakol, Seçil; Reynolds, Paul; … - London School of Economics (LSE) - 2014

between FDI and entrepreneurship; positive spillovers via dissemination of technology or negative because of crowding out. Our …

Persistent link: https://www.econbiz.de/10011126345