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Investment and Usage of New Technologies: Evidence from a Shared ATM Network
Degryse, Hans; Ferrari, Stijn; Verboven, Frank - C.E.P.R. Discussion Papers - 2007
When new technologies become available, it is not only essential that firms have the correct investment incentives, but … often also that consumers make the proper usage decisions. This paper studies investment and usage in a shared ATM network …. Because all banks coordinate their ATM investment decisions, there is no strategic but only a pure cost-saving incentive to …
Persistent link: https://www.econbiz.de/10005662325
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Who Decides about Change and Restructuring in Organizations?
Meagher, Kieron; Wait, Andrew - Research School of Economics, College of Business and … - 2008
We model the determinants of who makes decisions, the principal or an agent, when there are multiple decisions. Decision making takes effort and time; and, once implemented, the expected loss from a particular decision (or project) increases with the length of time since the last decision was...
Persistent link: https://www.econbiz.de/10004967980
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China’s Decentralized Privatization and Change of Control Rights
Gan, Jie; Guo, Yan; Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2015
A distinct feature of China’s privatization is that both its design and its implementation are highly decentralized and are administered by the local governments. Based on a survey of 3,000 firms in over 100 Chinese cities, this paper studies how city governments choose among various...
Persistent link: https://www.econbiz.de/10011145391
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Networks of Relations and Social Capital
Lippert, Steffen; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2005
We model networks of relational (or implicit) contracts, exploring how sanctioning power and equilibrium conditions change under different network configurations and information transmission technologies. In our model relations are the links, and the value of the network lies in its ability to...
Persistent link: https://www.econbiz.de/10005114333
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Taxation and the International Mobility of Inventors
Akcigit, Ufuk; Baslandze, Salomé; Stantcheva, Stefanie - C.E.P.R. Discussion Papers - 2015
This paper studies the effect of top tax rates on inventors' mobility since 1977. We put special emphasis on "superstar" inventors, those with the most and most valuable patents. We use panel data on inventors from the United States and European Patent Offices to track inventors' locations over...
Persistent link: https://www.econbiz.de/10011272707
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The Environment and Directed Technical Change
Acemoglu, Daron; Aghion, Philippe; Bursztyn, Leonardo; … - C.E.P.R. Discussion Papers - 2011
This paper introduces endogenous and directed technical change in a growth model with environmental constraints. A unique final good is produced by combining inputs from two sectors. One of these sectors uses "dirty" machines and thus creates environmental degradation. Research can be directed...
Persistent link: https://www.econbiz.de/10009365645
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Long-Term Barriers to the International Diffusion of Innovations
Spolaore, Enrico; Wacziarg, Romain - C.E.P.R. Discussion Papers - 2011
We document an empirical relationship between the cross-country adoption of technologies and the degree of long-term historical relatedness between human populations. Historical relatedness is measured using genetic distance, a measure of the time since two populations’ last common ancestors....
Persistent link: https://www.econbiz.de/10009275967
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Identifying Technology Spillovers and Product Market Rivalry
Bloom, Nicholas; Schankerman, Mark; Van Reenen, John - C.E.P.R. Discussion Papers - 2005
Support for many R&D and technology policies relies on empirical evidence that R&D ‘spills over’ 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...
Persistent link: https://www.econbiz.de/10005662082
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The Demographic Transition and the Emergence of Sustained Economic Growth
Galor, Oded - C.E.P.R. Discussion Papers - 2004
The demographic transition that swept the world in the course of the last century has been identified as one of the prime forces in the transition from stagnation to growth. The unprecedented increase in population growth during the early stages of industrialization was ultimately reversed and...
Persistent link: https://www.econbiz.de/10005662096
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Population, Technology and Growth: From the Malthusian Regime to the Demographic Transition
Galor, Oded; Weil, David - C.E.P.R. Discussion Papers - 1998
This paper develops a unified model of growth, population, and technological progress that is consistent with long-term historical evidence. The economy endogenously evolves through three phases. In the Malthusian regime, population growth is positively related to the level of income per capita....
Persistent link: https://www.econbiz.de/10005662118