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shaping of a market for executives in France. Characteristics of this market are estimated for France and a competitive model … elasticity of compensation in France is equal to 0.5 and justifies a large magnitude in compensation. To moderate those …
Persistent link: https://www.econbiz.de/10003751204
. If the share of privacy-concerned users is sufficiently small, privacy regulation has a negative effect on innovation and …We analyze how a privacy regulation taking the form of a cap on information disclosure affects quality …-enhancing innovation incentives by a monopolist-who derives revenues solely from disclosing user data to third parties-and consumer surplus …
Persistent link: https://www.econbiz.de/10014310059
In this article we analyse the effects of different regulatory schemes (price cap and profit sharing) on a firm s investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a firm s start-up decision relative to a pure price cap...
Persistent link: https://www.econbiz.de/10011509471
We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex … welfare, amount of innovation and output growth at intermediate stages of technological development - periods when legal … excessive (greater than first-best) R&D investment and output growth. -- legal system ; commitment ; flexibility ; innovation …
Persistent link: https://www.econbiz.de/10009153886
The movement to deregulate major industries over the past 40 years has produced large efficiency gains. However, distributional effects have been more difficult to assess. In the electricity sector, deregulation has vastly increased information available to market participants through the...
Persistent link: https://www.econbiz.de/10011936281
innovative activity in traditional industries such as pulp and paper. -- incremental innovation, ICT investments, modernization …
Persistent link: https://www.econbiz.de/10003850304
We develop a new econometric framework that simultaneously allows recovering heterogeneity in demand, TFP and markups across firms while leaving the correlation among the three unrestricted. We do this by systematically exploiting assumptions that are implicit in previous firm-level productivity...
Persistent link: https://www.econbiz.de/10011417711
Mergers realize heterogeneous competitive effects on profits, production, and prices. To date, it is unclear whether differential merger outcomes are caused mostly by firms' technology or product market attributes. Furthermore, empirical merger studies conventionally assume that, conditional on...
Persistent link: https://www.econbiz.de/10011717038
direct AV safety regulation is welfare-superior compared to a stringent liability regime, as it induces higher levels of AV …
Persistent link: https://www.econbiz.de/10012024639
study builds on a novel database that enables us to evaluate the post-merger effect at the research project level and across …
Persistent link: https://www.econbiz.de/10012219372