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then adjusted to subsequent changes in the market quite quickly. We draw on models of fictitious play and adaptive learning …
Persistent link: https://www.econbiz.de/10012456677
We use the World Bank Investment Climate Surveys data to analyze the employment of both labor and capital in Indian manufacturing. We focus on disparities among states in manufacturing employment patterns, and provide reduced form evidence of their relationship to both (i) institutional...
Persistent link: https://www.econbiz.de/10012464469
This paper examines the distribution of the values of patent rights in the United Kingdom, France, and Germany during the post-1950 period. These values are inferred from the behavior of patentees with respect to payment of renewal fees on their patents. A simple economic model of renewal...
Persistent link: https://www.econbiz.de/10012477430