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Business Decision-Making under Uncertainty: Evidence from Employment and Number of Businesses
Ghosal, Vivek; Ye, Yang - 2013
uncertainty on firms' decisions and market outcomes. We construct alternative measures of uncertainty based on survey of … index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment and the … generally non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on firms' decisions …
Persistent link: https://www.econbiz.de/10010317004
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Uncertainty and the Employment Dynamics of Small and Large Businesses
Ghosal, Vivek; Ye, Yang - 2014
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … stock price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of … non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we …
Persistent link: https://www.econbiz.de/10010435797
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Patent Pools, Litigation and Innovation
Choi, Jay Pil; Gerlach, Heiko - 2013
This paper analyzes patent pools and their effects on innovation incentives. It is shown that the pro-competitive effects of patent pools for complementary patents naturally extend for dynamic innovation incentives. However, this simple conclusion may not hold if we entertain the possibility...
Persistent link: https://www.econbiz.de/10010328766
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Euro area SMEs under financial constraints: Belief or reality?
Artola, Concha; Genre, Veronique - 2011
During the recent financial crisis, euro area firms, and especially Small and Medium-sized Enterprises, have been reporting acute problems of access to external finance. Using firm-level replies to the SME survey on access to finance, we use two indicators of financing constraints based on...
Persistent link: https://www.econbiz.de/10010279375
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Progressive taxation and irreversible investment under uncertainty
Alvarez, Luis H. R.; Koskela, Erkki - 2005
We analyze the impact of progressive taxation on irreversible investment under uncertainty. We show that if tax …
Persistent link: https://www.econbiz.de/10010261122
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Double Marginalization and Vertical Integration
Choné, Philippe; Linnemer, Laurent; Vergé, Thibaud - 2021
Asymmetric information in procurement entails double marginalization. The phenomenon is most severe when the buyer has all the bargaining power at the production stage, while it vanishes when the buyer and suppliers’ weights are balanced. Vertical integration eliminates double marginalization...
Persistent link: https://www.econbiz.de/10012582034
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Double Marginalization and Vertical Integration
Choné, Philippe; Linnemer, Laurent; Vergé, Thibaud - 2021
Asymmetric information in procurement entails double marginalization. The phenomenon is most severe when the buyer has all the bargaining power at the production stage, while it vanishes when the buyer and suppliers’ weights are balanced. Vertical integration eliminates double marginalization...
Persistent link: https://www.econbiz.de/10013235119
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How Antitrust Enforcement Can Spur Innovation: Bell Labs and the 1956 Consent Decree
Watzinger, Martin; Fackler, Thomas A.; Nagler, Markus; … - 2017
We study the 1956 consent decree against the Bell System to investigate whether patents held by a dominant firm are harmful for innovation and if so, whether compulsory licensing can provide an effective remedy. The consent decree settled an antitrust lawsuit that charged Bell with having...
Persistent link: https://www.econbiz.de/10011615906
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A Simple Model of Mergers and Innovation
Federico, Giulio; Langus, Gregor; Valletti, Tommaso M. - 2017
We analyze the impact of a merger on firms’ incentives to innovate. We show that the merging parties always decrease their innovation efforts post-merger while the outsiders to the merger respond by increasing their effort. A merger tends to reduce overall innovation. Consumers are always...
Persistent link: https://www.econbiz.de/10011698706
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Concentration and market size: lower bound estimates for the Brazilian industry
Resende, Marcelo - 2008
The paper estimates the lower bound for market concentration taking as reference the framework advanced by Sutton (1991). Quantile regression methods were considered in the context of the Brazilian manufacturing industry in 2005 and separate estimates were obtained for exogenous and endogenous...
Persistent link: https://www.econbiz.de/10010264469