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Ten facts on declining business dynamism and lessons from endogenous growth theory
Akcigit, Ufuk; Ates, Sina T. - 2019
explain them. We then describe a theoretical framework of endogenous markups, innovation, and competition that can potentially …
Persistent link: https://www.econbiz.de/10012104042
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The impact of entry regulation on total welfare : a policy experiment
Liu, An-Hsiang; Siebert, Ralph; Zulehner, Christine - 2013
This paper evaluates how different lengths of entry regulation impact market structure and market performance using a dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms have the opportunity to...
Persistent link: https://www.econbiz.de/10009764443
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Growth effects of non proprietary innovation
Saint-Paul, Gilles - 2002
may even reduce welfare. The reason is that it crowds out proprietary innovation which on net may reduce total innovation … in the long run. These effects would be reinforced if philanthropical innovation diverted people from other productive …
Persistent link: https://www.econbiz.de/10011409970
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Big tech acquisitions and innovation : an empirical assessment
Barsy, Laureen de; Gautier, Axel - 2024
this analysis, we use patent citations as a proxy for the innovation effort by the acquirer. Our main result is to show … that acquisition increases the innovation effort of the acquirer but only temporarily. After 1.5 year, there is no longer a … significant impact of the acquisition on the acquirer’s innovation effort. This decline is relatively larger when the acquired …
Persistent link: https://www.econbiz.de/10014505345
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Patent pools, litigation and innovation
Choi, Jay Pil; Gerlach, Heiko A. - 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 … patents reduce social welfare as they charge higher licensing fees and chill subsequent innovation incentives. …
Persistent link: https://www.econbiz.de/10010199442
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Creative destruction and productive preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2013
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are … are shown to be solved by verification through entry for sale. -- acquisitions ; entrepreneurship ; innovation ; start …
Persistent link: https://www.econbiz.de/10009691699
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Asymmetric neutrality regulation and innovation at the edges : fixed vs. mobile networks
Choi, Jay Pil; Jeon, Doh-Shin; Kim, Byung-Cheol - 2014
We study how net neutrality regulations affect a high-bandwidth content provider's (CP) investment incentives in quality of services (QoS). We find that the effects crucially depend on network capacity levels. With limited capacity, as in mobile networks, prioritized delivery services are...
Persistent link: https://www.econbiz.de/10010412363
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Robots and firms
Koch, Michael; Manuylov, Ilya; Smolka, Marcel - 2019
We study the implications of robot adoption at the level of individual firms using a rich panel data-set of Spanish manufacturing firms over a 27-year period (1990-2016). We focus on three central questions: (1) Which firms adopt robots? (2) What are the labor market effects of robot adoption at...
Persistent link: https://www.econbiz.de/10011997063
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The dynamics of automation adoption : firm-level heterogeneity and aggregate employment effects
Bisio, Laura; Cuzzola, Angelo; Grazzi, Marco; … - 2023
We investigate the impact of investment in automation-related goods on adopting and non-adopting firms in the Italian … of Italian importing firms and estimate the effects on adopters' outcomes within a difference-indifferences design … exploiting import lumpiness in product categories linked to automation and AI technologies. We find a positive average adoption …
Persistent link: https://www.econbiz.de/10014383690
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Automation, growth, and factor shares in the era of population aging
Irmen, Andreas - 2021
processes? The present paper addresses this question in a new macroeconomic model of automation where competitive firms perform … and substitute for labor in the performance of tasks. Automation is labor-augmenting in the reduced-form aggregate … though the aggregate production function is Cobb-Douglas. Population aging due to a higher longevity reduces automation in …
Persistent link: https://www.econbiz.de/10012597831