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pressure ; continuous improvement ; discrete innovation ; field research ; location model ; product substitutability ; small …Does competitive pressure foster innovation? In addressing this important question, prior studies ignored a distinction … between discrete innovation aiming at entirely new technology and continuous improvement consisting of numerous incremental …
Persistent link: https://www.econbiz.de/10003571666
economic presumption of concave utility rather than Machiavelli's prescript of inflicting all injuries at once. Yet …
Persistent link: https://www.econbiz.de/10012180363
Defensive innovations in developed countries can explain the empirical phenomenon that openness towards trade with less-developed countries does not necessarily induce a substantial increase in the wage differential and trade volumes. Building on step-by-step innovations as introduced by Aghion...
Persistent link: https://www.econbiz.de/10011406885
distorts occupational choice. We study this possibility in the context of a model with horizontal innovation, where the …
Persistent link: https://www.econbiz.de/10011415064
It is commonly argued that labor market institutions such as employment protection worsen an economy's performance and particularly so, if product markets become more competitive. Empirical evidence, however, has difficulties to detect a robust negative correlation between employment protection...
Persistent link: https://www.econbiz.de/10011412718
Corporate success often resembles a snowball. We show how initial luck in hiring talented people, the resulting technological advantage, superior corporate culture, and status-seeking by workers can make small initial differences generate large differences over time.
Persistent link: https://www.econbiz.de/10002526021
Persistent link: https://www.econbiz.de/10001799691
, utility must be transferable both within marriage and upon divorce, and the marginal rate of substitution between public and …
Persistent link: https://www.econbiz.de/10003460691
individual search specification implies gender differentials in lifetime utility inequality 74% larger. The results of our policy … experiments emphasize the importance of looking at lifetime utility inequality measures as opposed to simply cross-sectional wage …
Persistent link: https://www.econbiz.de/10009629634
. -- discrete choice ; random utility ; logit model ; consideration sets ; bounded rationality ; revealed preferences …
Persistent link: https://www.econbiz.de/10009629645