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Size, spillovers and soft budget constraints

Crivelli, Ernesto; Staal, Klaas - 2008

There is much evidence against the so-called too big to fail hypothesis in the case of bailouts to subnational governments. We look at a model where districts of different size provide local public goods with positive spillovers. Matching grants of a central government can induce...

Persistent link: https://www.econbiz.de/10010264846

Strategic information disclosure and competition for an imperfectly protected innovation

Jansen, Jos - 2009

The imperfect appropriability of revenues from innovation affects the incentives of firms to invest, and to disclose information about their innovative productivity. It creates a free-rider effect in the competition for the innovation that countervails the familiar business-stealing effect....

Persistent link: https://www.econbiz.de/10010285360

Environmental taxation and redistribution concerns

Aigner, Rafael - 2011

This paper shows how the optimal level of Pigouvian taxation is influenced by distributive concerns. With second-best instruments, a higher level of income redistribution calls for a lower level of Pigouvian taxation. More redistributionimplies that tax collection via the income tax creates...

Persistent link: https://www.econbiz.de/10010286695

The Effects of Trade Liberalization on Productivity and Welfare: The Role of Firm Heterogeneity, R&D and Market Structure

Stähler, Frank; Raff, Horst; Long, Ngo Van - 2007

This paper develops an oligopolistic model of international trade with heterogeneous firms and endogenous R&D to examine how trade liberalization affects firm and industry productivity, as well as social welfare. We identify four effects of trade liberalization on productivity: (i) a direct...

Persistent link: https://www.econbiz.de/10010296284

Persistence of monopoly and research specialization

Weinschenk, Philipp - 2009

We examine the persistence of monopolies in markets with innovations when the outcome of research is uncertain. We show that for low success probabilities of research, the incumbent can seldom preempt the potential entrant. Then the efficiency effect outweighs the replacement effect. It is vice...

Persistent link: https://www.econbiz.de/10010266990

Learning-by-Doing with Spillovers in Competitive Industries, Free Entry, and Regulatory Policy

Bläsi, Albrecht; Requate, Till - 2005

We study the impact of learning-by-doing with spillovers in competitive markets with free market entry. Within a two period model, we consider first the case where fixed costs are incurred only once, and entry is once and for all. In the second case fixed costs are incurred in each period, and...

Persistent link: https://www.econbiz.de/10010296245

Semi-collusive advertising and pricing in experimental duopolies

Nicklisch, Andreas - 2008

This article tests experimentally whether a high degree of collusion on advertisement expenditures facilitate tacit price collusion in duopoly markets. Two environments are tested, in which the size of the spillover between advertising expenditures is varied. The results show that the...

Persistent link: https://www.econbiz.de/10010264854

Tacit coordination in games with third-party externalities

Bland, James; Nikiforakis, Nikos - 2013

When agents face coordination problems their choices often impose externalities on third parties. We investigate … whether such externalities can affect equilibrium selection in a series of one-shot coordination games varying the size and … the sign of the externality. We find that third-party externalities have a limited effect on decisions. A large majority …

Persistent link: https://www.econbiz.de/10010323878

Incentives and innovation? R&D management in Germany's high-tech industries during the second industrial revolution

Burhop, Carsten; Lübbers, Thorsten - 2008

The allocation of intellectual property rights between firms and employed researchers causes a principal-agent problem between the two parties. We investigate the working contracts of inventors employed by German chemical, pharmaceutical, and electrical engineering firms at the turn of the 20th...

Persistent link: https://www.econbiz.de/10010267002

An experimental contribution to the revision of the guidelines on research and development agreements

Engel, Christoph - 2010

The European Commission is working on a revision of its Guidelines on Research and Development Agreements. On this occasion, this note surveys the existing experimental evidence. Experiments add a number of additional arguments to the normative assessment. R&D agreements have a much smaller...

Persistent link: https://www.econbiz.de/10010286728

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