Showing 1 - 10 of 391
This paper studies a game of strategic experimentation in which the players have access to two-armed bandits where the risky arm distributes lumpsum payoffs according to a Poisson process with unknown intensity. Because of free-riding, there is an inefficiently low level of experimentation in...
Persistent link: https://www.econbiz.de/10011410236
. Consistent with our model, we find significant willingness to pay for ignorance, which we calibrate against morally neutral …
Persistent link: https://www.econbiz.de/10011987011
develop a choice model of survey response behavior under the assumption that the respondent has imperfect self-knowledge about … her individual characteristics. In panel data, the model predicts that the variance in responses for different … observed response patterns. Second, we develop a consistent and unbiased estimator for self-knowledge based on the model. Third …
Persistent link: https://www.econbiz.de/10012597266
Aspirations towards technological sovereignty increasingly pervade the political debate. Yet, an ambiguous definition leaves the exact goal of those aspirations and the policies to fulfill them unclear. This leaves room for partly particularly negative interpretations, such as equating the...
Persistent link: https://www.econbiz.de/10012546886
This paper studies the causal effect of technology and knowledge transfers on early industrial development. Between 1950 and 1957, the Soviet Union supported the "156 Projects" in China for building technologically advanced industrial facilities. We exploit idiosyncratic delays in project...
Persistent link: https://www.econbiz.de/10012806673
In this paper, we investigate distortions created by turnover taxes. As a natural experiment, we explore a reform that replaced turnover taxes with value-added taxes for some service industries in China, while the taxation of manufacturing industries remained unchanged. The reform increased...
Persistent link: https://www.econbiz.de/10012798146
industries. In a regression analysis that exploits this within-industry variation, we show that barriers to entry are …
Persistent link: https://www.econbiz.de/10012421242
Pharmaceutical firms spend increasing amounts in mergers and acquisitions (M&As), which raises the question of whether sufficient investment is left after mergers to further develop firms' internal drug development capability. We evaluate the effects of M&As on firms' post-merger R&D...
Persistent link: https://www.econbiz.de/10012219372
Does access to information and communication technologies (ICT) increase innovation? We examine this question by exploiting the staggered adoption of BITNET across U.S. universities in the 1980s. BITNET, an early version of the Internet, enabled e-mail-based knowledge exchange and collaboration...
Persistent link: https://www.econbiz.de/10012304309
We introduce a model of product development in a firm. Our model describes the process as a multi-stage contest (i ….e., race) with an endogenous length (with one stage or two stages) between two workers. We model the payments to workers from … the new product using the normatively appealing Nash bargaining solution (see Nash, 1950). In our model the disagreement …
Persistent link: https://www.econbiz.de/10012165947