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Leadership Contestability, Monopolistic Rents and Growth
Piazza, Roberto - 2011
I construct an endogenous growth model where R&D is carried out at the industry level in a game of innovation between leaders and followers. Innovation costs for followers are assumed to increase with the technological lag from leaders. We obtain three results that contrast with standard...
Persistent link: https://www.econbiz.de/10014400811
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Oil Rents, Corruption, and State Stability : Evidence From Panel Data Regressions
International Monetary Fund - 2009
We examine the effects of oil rents on corruption and state stability exploiting the exogenous within-country variation of a new measure of oil rents for a panel of 31 oil-exporting countries during the period 1992 to 2005. We find that an increase in oil rents significantly increases...
Persistent link: https://www.econbiz.de/10014402218
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Two-sided market, R&D and payments system evolution
Li, Bin; McAndrews, James Joseph; Wang, Zhu - 2019
It takes many years for more efficient electronic payments to be widely used, and the fees that merchants (consumers) pay for using those services are increasing (decreasing) over time. We address these puzzles by studying payments system evolution with a dynamic model in a twosided market...
Persistent link: https://www.econbiz.de/10012009590
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Network Externalities and Dollarization Hysteresis : The Case of Russia
Oomes, Nienke - 2003
Dollarization in Russia increased rapidly during the early 1990s, but failed to come down in the second half of the 1990s in spite of exchange rate stabilization. To explain this ""dollarization hysteresis,"" this paper develops a model in which network externalities in the demand for currency...
Persistent link: https://www.econbiz.de/10014403658
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Social Welfare and Cost Recovery in Two-Sided Markets
Bolt, Wilko - 2005
Using a simple model of two-sided markets, we show that, in the social optimum, platform pricing leads to an inherent cost recovery problem. This result is driven by the positive externality of participation that users on either side of the market exert on the opposite side. The contribution of...
Persistent link: https://www.econbiz.de/10014404197
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Competition vs. stability : oligopolistic banking system with run risk
Capelle, Damien - 2021
franchise value, price-drop and recapitalization channels. The speed of entry of new banks after a collapse has a stabilizing …
Persistent link: https://www.econbiz.de/10012604798
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Exchange Rate Pass-Through and Dynamic Oligopoly : An Empirical Investigation
Gross, Dominique M. - 1999
This paper explicitly takes into account the dynamic oligopolistic rivalry among source producers to evaluate the degree of exchange rate pass-through. Using recent time-series techniques for the case of imported automobiles in Switzerland, the results show that prices are strategic complements...
Persistent link: https://www.econbiz.de/10014400174
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The Size Distribution of Firms, Cournot, and Optimal Taxation
Gersovitz, Mark - 2006
Tax laws and administrations often treat different size firms differently. There is, however, little research on the consequences. As modeled here, oligopolists with different efficiencies determine the size distribution of firms. A government that maximizes a weighted sum of consumer surplus,...
Persistent link: https://www.econbiz.de/10014400189
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The macroeconomic effects of labor and product market reforms in Morocco
Sarr, Babacar; Benlamine, Mokhtar; Munkacsi, Zsuzsa - 2019
This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp) of GDP growth and reduce unemployment by about 2.2 pp after five years. If...
Persistent link: https://www.econbiz.de/10012122485
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Entry costs and the macroeconomy
Gutiérrez Gallardo, Germán; Jones, Callum; Philippon, … - 2019
concentration in the US economy. Using asset prices and industry data, we estimate realized and anticipated shocks that drive entry … and concentration. We validate our approach by showing that the model-implied entry shocks correlate with independently … constructed measures of entry regulations and M and As. We conclude that entry costs have risen in the U.S. over the past 20 years …
Persistent link: https://www.econbiz.de/10012154591