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This paper aims at quantifying the economic value of knowledge spillovers by exploring information contained in patent citations. I estimate a market valuation equation for semiconductor firms during the 1980s and early 1990s, and find an average value in the amount of $0.6 to 1.2 million...
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which a firm will succeed in imitating a higher productivity technology or in introducing a superior innovation is … of information diffusion, effectiveness of innovation (as measured by the likelihood to find new, better technologies …
Persistent link: https://www.econbiz.de/10005345602
, a model of optimal adoption of e-commerce innovation is presented. In this model web companies are assumed to behave in … an imitative way: facing an innovation of uncertain profitability, they perceive the adoption decisions of other e … directional graph. Finally, the paper presents an algorithm that describes and computes the propagation of innovation in such a …
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We build a dynamic duopoly model that accounts for the empirical observation of monopoly persistence in the long run … the predictions of the static model, strategic predation that leads to persistence of monopoly is in general optimal …
Persistent link: https://www.econbiz.de/10005342895
Markets for digital information goods provide the possibility of exploring new and more complex pricing schemes, due to information goods' flexibility and negligible marginal cost. In this paper we compare the dynamic performance of price schedules of varying complexity under two different...
Persistent link: https://www.econbiz.de/10005345561
Abstract: The robust permanent income model discussed in a number of works, see e.g. Hansen et al. (1999, 2002), is reformulated as a linear quadratic tracking problem with a time-varying intercept following a ‘Return to Normality’ model. The results in Tucci (2005), which...
Persistent link: https://www.econbiz.de/10005342946