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The World our Grandchildren Will Inherit : The Rights Revolution and Beyond

Acemoglu, Daron - 2012

Following on Keynes's Economic Possibilities for Our Grandchildren, this paper develops conjectures about the world we will leave to our grandchildren. It starts by outlining the 10 most important trends that have defined our economic, social, and political lives over the last 100 years. It then...

Persistent link: https://www.econbiz.de/10012460665

International Trade and Institutional Change

Levchenko, Andrei A. - 2011

This paper analyzes the impact of international trade on the quality of institutions, such as contract enforcement, property rights, or investor protection. It presents a model in which imperfect institutions create rents for some parties within the economy, and are a source of comparative...

Persistent link: https://www.econbiz.de/10012460982

A Conceptual Framework for Understanding Critical Transitions

Alston, Lee J. - 2016

exclusionary society. Economic and political development is contextual; that is, there is no recipe. Periods of relative … development in Argentina over the past 100 years …

Persistent link: https://www.econbiz.de/10012456531

Emerging labor market institutions for the twenty-first century

Freeman, Richard B. (ed.); Hersch, Joni (contributor); … - 2005

Persistent link: https://www.econbiz.de/10013480800

Estimating the Benefits of New Products

Diewert, W. Erwin - 2019

A major challenge facing statistical agencies is the problem of adjusting price and quantity indexes for changes in the availability of commodities. This problem arises in the scanner data context as products in a commodity stratum appear and disappear in retail outlets. Hicks suggested a...

Persistent link: https://www.econbiz.de/10012479940

Enabling Entrepreneurial Choice

Agrawal, Ajay K. - 2020

Entrepreneurs must choose between alternative strategies for bringing their idea to market. They face uncertainty regarding both the quality of their idea as well as the efficacy of each strategy. While entrepreneurs can reduce this uncertainty by conducting tests, any single test conflates the...

Persistent link: https://www.econbiz.de/10012481574

Promoting Platform Takeoff and Self-Fulfilling Expectations : Field Experimental Evidence

Boudreau, Kevin - National Bureau of Economic Research - 2021

The theoretical literature on platforms and network effects predicts that the initial growth and takeoff of a platform crucially depends on the market's expectations of the future installed base. This paper tests this claim, reporting on a field experiment in which invitations to join a newly...

Persistent link: https://www.econbiz.de/10012482543

Effects of Regulation on Drug Launch and Pricing in Interdependent Markets

Danzon, Patricia Munch - 2008

cover launch experience in 15 countries for drugs in 12 therapeutic classes that experienced significant innovation over the …

Persistent link: https://www.econbiz.de/10012464606

Market Size and Research : Evidence from the Pharmaceutical Industry

Byrski, Dennis; Gäßler, Fabian; Higgins, Matthew J. - National Bureau of Economic Research - 2021

Prior literature has established a link between changes in market size and pharmaceutical innovation; whether a link … of scientific discoveries that flow into future drug development could be disconnected from downstream demand. We explore … conducting applied research. Implications for pharmaceutical innovation policy are discussed …

Persistent link: https://www.econbiz.de/10012533407

Pricing with Limited Knowledge of Demand

Cohen, Maxime C. - 2015

How should a firm price a new product for which little is known about demand? We propose a simple pricing rule: the firm only estimates the maximum price it can charge and still expect to sell at least some units, and then sets price as though the actual demand curve were linear. We show that if...

Persistent link: https://www.econbiz.de/10012456990