Recent evidence suggests that despite opening up a country for trade, the productivity gap between developed and … liberalization increases economic performance, that is average productivity and technology adoption, in both countries but that the … productivity gap widens. Simulations show that the welfare gap widens too. Opening up without sufficient access to external funding …

We consider procurement of an innovation from heterogeneous sellers. Innovations are random but depend on unobservable … and innovations. In these equilibria, signaling in the entry auction does not occur since contestants play a simple …

innovations, and keep small innovations secret, while a Bertrand competitor adopts the reverse strategy. Increasing the number of …

differences in countries' factor endowments and total factor productivity (the Solow residual). While the former can be relatively … interpretation for differences in total factor productivity across countries and quantitatively explore the role of trade barriers in …