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answer this question, the paper focuses on the problem of investment and innovation in an ex ante regulated sector. Relying …
Persistent link: https://www.econbiz.de/10011166384
Network industries are now characterized by a regime of permanent innovation, while they continue to be fixed and sunk … cost industries, due to the high level of investments in R&D and infrastructures. Players in these industries need to … coordinate their investments; hence a threat of collusion. In the same time competition is fierce due to the opportunities …
Persistent link: https://www.econbiz.de/10010723175
Budgetary control has developed in France since the 1930s. If the initial importation from the United States was rapid, subsequent development was slow. Diffusion of the technique occurred through a number of mechanisms: professional reviews, books, consultants, think tanks, and through...
Persistent link: https://www.econbiz.de/10010720303
The key role of institutions for economic performance has recently been acknowledged in the economic policy debate. This paper aims at pointing out the main policy lessons and the recommendations to be drawn from New Institutional Economics (NIE), when considering the organization of markets. We...
Persistent link: https://www.econbiz.de/10010765457
Faced with the technological changes and with the rise of international competition, the competitiveness of firms is … based more and more on innovation. In this context, the new innovating firms are regarded as source of competitive dynamism …
Persistent link: https://www.econbiz.de/10010707945
We consider a demand based theory along the lines of Murphy et al. (1989) to study the interaction between income inequalities and trade patterns. We analyze the effect of redistributive policies on the production patterns and welfare. We distinguish an intensive and an extensive channels...
Persistent link: https://www.econbiz.de/10010861542
employment growth rate and of the investment rate (or the saving rate), while the profit share in the income is exactly 1/3. The …
Persistent link: https://www.econbiz.de/10010708650
discipline flexibly. However, there was no institutional innovation in the form of an EU-financed bail-out of transnational …
Persistent link: https://www.econbiz.de/10010733993
discipline flexibly. However, there was no institutional innovation in the form of an EU-financed bail-out of transnational …
Persistent link: https://www.econbiz.de/10010861601
Since the publication of the Stern Review, economists have started to ask more normative questions about climate change. Should we act now or tomorrow ? What is the best theoretical carbon price to reach long-term abatement targets? How do we discount the long-term costs and benefits of climate...
Persistent link: https://www.econbiz.de/10010707452