Showing 1 - 10 of 33
In a model of industry standard setting with private information about firms' intellectual property, we analyze (a) firms' incentives to contribute to the development and improvement of a standard, and (b) firms' decision to disclose the existence of relevant intellectual property to other...
Persistent link: https://www.econbiz.de/10013066245
We study the determinants of the dynamics of firm lobbying behavior using a panel data set covering 1998-2006. Our data exhibit three striking facts: (i) few firms lobby, (ii) lobbying status is strongly associated with firm size, and (iii) lobbying status is highly persistent over time....
Persistent link: https://www.econbiz.de/10013067182
We propose a model where voters experience an emotional cost when they observe a firm that has displayed insufficient concern for other people's welfare (altruism) in the process of making high profits. Even with few truly altruistic firms, an equilibrium may emerge where all firms pretend to be...
Persistent link: https://www.econbiz.de/10013151652
Using a model with upfront sunk costs, heterogeneous firms, and endogenous exchange rates, this paper demonstrates theoretically that volatility in fundamental variables such as the nominal interest rate that drive exchange rate volatility can simultaneously impact the entry behavior of...
Persistent link: https://www.econbiz.de/10012773155
We present a general equilibrium model of the decisions of firms to innovate and to engage in international trade. We use the model to analyze the impact of a reduction in international trade costs on firms' process and product innovative activity. We first show analytically that if all firms...
Persistent link: https://www.econbiz.de/10012750342
This paper analyzes the non-market benefits of education and ability. Using a dynamic model of educational choice we … estimate returns to education that account for selection bias and sorting on gains. We investigate a range of non … patterns of returns that depend on the levels of schooling and ability. Unlike the monetary benefits of education, the benefits …
Persistent link: https://www.econbiz.de/10012946035
between education and allocative efficiency. Section I is reprinted from my J.P.E. paper quot;Education in Productionquot …
Persistent link: https://www.econbiz.de/10012763235
We present results from the first study to examine the causal impact of early childhood education on social preferences … a series of incentivized experiments to elicit their social preferences. We find that early childhood education has a …
Persistent link: https://www.econbiz.de/10012978083
greater inequality. To investigate this we construct a dynamic model of intergenerational education acquisition, fertility … fertility and education, a decreasing marginal effect of parental education on children's years of education, and wages that are …
Persistent link: https://www.econbiz.de/10013220393
Section I introduces the material. In section II a model is developed which explores the impact of input-quality uncertainty on factor demand from which is derived a rationale for the use of devices which segment the population into classes differing in their "skill" distribution parameters. The...
Persistent link: https://www.econbiz.de/10013233478