Showing 1 - 10 of 1,570
In this paper, I analyze recent findings by Coe and Helpman (1995) on trade-related international R&D spillovers. A Monte Carlo based robustness test is proposed which compares the elasticity of domestic productivity with respect to foreign R&D estimated by Coe and Helpman with an elasticity...
Persistent link: https://www.econbiz.de/10012472749
This is a paper in the ``economists ruin everything'' field. It considers whether Catch-22 situations can persist as an equilibrium phenomenon. Rather than being an arbitrary rule or a set of self-serving beliefs, the focus is on the preferences of Gatekeepers who choose to create such...
Persistent link: https://www.econbiz.de/10015171705
Two potentially asymmetric players compete for a prize of common value, which is initially unknown, by exerting efforts. A designer has two instruments for contest design. First, she decides whether and how to disclose an informative signal of the prize value to players. Second, she sets the...
Persistent link: https://www.econbiz.de/10014247957
We study a standard collective action problem in which successful achievement of a group interest requires costly participation by some fraction of its members. How should we model the internal organization of these groups when there is asymmetric information about the preferences of their...
Persistent link: https://www.econbiz.de/10014226188
The canonical example of unprotected speech--falsely shouting "fire" in a crowded theatre--presumes such an act inevitably causes harmful panic. This paper challenges that presumption through a game-theoretic analysis of evacuation dynamics. I model a theatre as an N * M grid where rational...
Persistent link: https://www.econbiz.de/10015409883
coalitions to provide public goods. Theory is ambiguous on the equilibrium coalition size and contribution rates. We examine the … emergence of coalitions, their size, and how uncertainty in public goods provision affects contribution levels and coalition … coalition to provide the good. Contrary a core theoretical result, we find that coalition size increases when the public good …
Persistent link: https://www.econbiz.de/10012463106
We study the formation of a ruling coalition in political environments. Each individual is endowed with a level of … political power. The ruling coalition consists of a subset of the individuals in the society and decides the distribution of … resources. A ruling coalition needs to contain enough powerful members to win against any alternative coalition that may …
Persistent link: https://www.econbiz.de/10012465911
We study the relationships between corporate R&D and three components of public science: knowledge, human capital, and invention. We identify the relationships through firm-specific exposure to changes in federal agency R\&D budgets that are driven by the political composition of congressional...
Persistent link: https://www.econbiz.de/10014437030
Commercializing knowledge involves transfer from discovering scientists to those who will develop it commercially. New codes and formulae describing discoveries develop slowly - with little incentive if value is low and many competing opportunities if high. Hence new knowledge remains naturally...
Persistent link: https://www.econbiz.de/10012470219
We examine the impact of a large number of Japanese government-sponsored research consortia on the research productivity of participating firms by measuring their patenting in the targeted technologies before, during, and after participation. Consistent with the theoretical predictions of Katz...
Persistent link: https://www.econbiz.de/10012470764