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Why do prices differ across stores? : differential competition environments and their price impacts

Klein, Gordon Jochem; Siebert, Ralph - 2024

Our study provides empirical insights into the extent to which differential market demographics and differential competition environments affect product prices. Using big data, we find that price variations are caused mainly by differential competitive environments. More specifically, we find...

Persistent link: https://www.econbiz.de/10015065342

Labor supply and automation innovation

Danzer, Alexander M.; Feuerbaum, Carsten; Gäßler, Fabian - 2020

supply on automation innovation by exploiting an immigrant placement policy in Germany during the 1990s and 2000s. Difference …-in-differences estimates indicate that one additional worker per 1,000 manual and unskilled workers reduces automation innovation by 0 …-skilled workers. Labor market tightness and external demand are plausible mechanisms for the labor-innovation nexus. …

Persistent link: https://www.econbiz.de/10012241069

The past and future of work : how history can inform the age of automation

Schneider, Benjamin; Vipond, Hillary - 2023

Debates about the future of work frequently reference past instances of transformative innovation to preface analysis … of how automation and artificial intelligence could reshape society and the economy. However, technological shifts in … overview of the current debates around the potential effects of impending labor-replacing innovation. We then summarize …

Persistent link: https://www.econbiz.de/10014430719

Industrial policy in times of market power

Delli Gatti, Domenico; Terranova, Roberta; Turco, Enrico - 2024

. These findings suggests a two-pronged approach to the design of industrial policy, integrating firm-level subsidies with … knowledge diffusion measures and therefore ensuring that innovation and competition policies advance together. …

Persistent link: https://www.econbiz.de/10015154461

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

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

Acquisition for sleep

Norbäck, Pehr-Johan; Olofsson, Charlotta; Persson, Lars - 2020

Within the policy debate, there is a fear that large incumbent firms buy small firms' inventions to ensure that they are not used in the market. We show that such "acquisitions for sleep" can occur if and only if the quality of a process invention is small; otherwise, the entry profit will be...

Persistent link: https://www.econbiz.de/10012162423

Innovation and startup acquisition

Bourreau, Marc; Gautier, Axel - 2024

cost of failure in innovation, and a competition effect, which diminishes the returns to innovation. The magnitude of these …. We show that allowing acquisitions stimulates platform innovation, but at the cost of a more concentrated market … investigate how the merger regime influences the direction of the startup’s innovation. …

Persistent link: https://www.econbiz.de/10015164657

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

Platform liability and innovation

Jeon, Doh-Shin; Lefouili, Yassine; Madio, Leonardo - 2022

the presence of such products on innovation and consumer welfare. For a given number of buyers, platform liability … increases innovation by reducing the competitive pressure faced by innovative products. However, there can be a misalignment of … intended effect on innovation. Platform liability tends to increase (decrease) innovation and consumer welfare when the …

Persistent link: https://www.econbiz.de/10013384891