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An elementary theorem on gains from virtual trade

Marjit, Sugata; Yang, Lei - 2020

Virtual markets allow consumers to save time costs to purchase goods and services. Countries lose relative to the conventional welfare gain when they increase consumption of non-virtual goods under free trade. We include the classical gains from trade theorem as a special case. For two identical...

Persistent link: https://www.econbiz.de/10012315944

Community Enterprises : an institutional innovation

Frey, Bruno S.; Lüthi, Roger; Osterloh, Margit - 2011

organizational theory, innovation economics, and industrial organization should therefore be critically examined. -- theory of the …

Persistent link: https://www.econbiz.de/10009124215

Cutting too close? : design protection and innovation in fashion goods

Hackett, Petal Jean - 2012

Continued lobbying by high-end, American designers for intellectual property-type fashion design protection has culminated in the proposed Innovative Design Protection and Piracy Prevention Act, intended to introduce EU standards. Using a sequential, 2-firm, vertical differentiation framework,...

Persistent link: https://www.econbiz.de/10009488919

A theory of digital ecosystems

Heidhues, Paul; Köster, Mats; Kőszegi, Botond - 2024

entry and innovation, and lower the efficiency of access-point markets with superior alternatives. Hence, the long …

Persistent link: https://www.econbiz.de/10015065241

The diffusion of technological progress in ICT

Elstner, Steffen; Grimme, Christian; Kecht, Valentin; … - 2020

We study whether technology gains in sectors related to Information and Communications Technology (ICT) increase productivity in the rest of the economy. To separate exogenous gains in ICT from other technological progress, we use the relative price of ICT goods and services in a structural VAR...

Persistent link: https://www.econbiz.de/10012391362

Smart products : liability, timing of market introduction, and investments in product safety

Dawid, Herbert; Mühlheußer, Gerd - 2019

This paper addresses the role of product liability for the emergence and development of smart products such as autonomous vehicles (AVs). We analyze how the liability regime affects innovative activities, as well as the timing of market introduction and market penetration of such smart products....

Persistent link: https://www.econbiz.de/10012024639

Product versus process : innovation strategies of multi-product firms

Flach, Lisandra; Irlacher, Michael - 2015

We investigate the effect of better access to foreign markets on innovation strategies of multi-product firms in … between the returns to innovation. In differentiated industries, cannibalization is lower and firms invest more in product … innovation. In homogeneous industries, firms internalize intra-firm spillovers and invest more in process innovation. We test …

Persistent link: https://www.econbiz.de/10011283837

The economics of recycling heterogeneity

Fullerton, Don; Kinnaman, Thomas C. - 2024

This paper summarizes the economics perspective on recycling of municipal solid waste. The first section reviews recent data on recycling rates in the United States and across all OECD countries. The OECD data suggest the average aggregate recycling rate across member countries appears to have...

Persistent link: https://www.econbiz.de/10015061148

The price of "Man" and "Woman" : a hedonic pricing model of avatar attributes in a synthetic world

Castronova, Edward - 2003

This paper explores a unique new source of social valuation: a market for bodies. The internet hosts a number of large synthetic worlds which users can visit by piloting a computer-generated body, known as an avatar. Avatars can have an asset value, in that users can spend time to increase their...

Persistent link: https://www.econbiz.de/10011507957

"It's not about the money. It's about sending a message!" : unpacking the components of revenge

Molńar, András; Chaudhry, Shereen J.; Loewenstein, … - 2020

We examine whether belief-based preferences - caring about what transgressors believe - play a crucial role in punishment decisions: Do punishers want to make sure that transgressors understand why they are being punished, and is this desire to affect beliefs often prioritized over distributive...

Persistent link: https://www.econbiz.de/10012166019

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