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Dynamic Commercialization Strategies for Disruptive Technologies : Evidence from the Speech Recognition Industry
Marx, Matt - 2015
commercialization with the startup. While the prevailing theory of disruptive innovation suggests that this will lead to (exclusively …
Persistent link: https://www.econbiz.de/10013034526
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Ricardo's Theory of Comparative Advantage : Old Idea, New Evidence
Costinot, Arnaud - 2012
output predicted by Ricardo's theory of comparative advantage. Despite all of the real-world considerations from which this … replied: 'Ricardo's theory of comparative advantage'. Truth, however, in Samuelson's reply refers to the fact that Ricardo …'s theory of comparative advantage is mathematically correct, not that it is empirically valid. The goal of this paper is to …
Persistent link: https://www.econbiz.de/10013107916
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Theory and Measurement : Emergence, Consolidation and Erosion of a Consensus
Biddle, Jeff - 2016
We identify three separate stages in the post-World War II history of applied microeconomic research: A generally non … abandonment of economic theory in applied work in the “experimentalist paradigm.” We document the changes implied by the changing …-55, 1974-75 and 2007-08. We also show that, despite the partial abandonment of theory by applied microeconomists, the labor …
Persistent link: https://www.econbiz.de/10012992138
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The Economics of Religion, Jewish Survival and Jewish Attitudes Toward Competition in Torah Education
Carlton, Dennis W.; Weiss, Avi - 2021
This paper examines the attitude of Jewish law to competition in light of the economist's understanding of the benefits of competition and of the beneficiaries from intervention in the competitive process. The punchline of this paper is simple. Although Judaism has used a whole host of...
Persistent link: https://www.econbiz.de/10013310128
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Policy Evaluation in Uncertain Economic Environments
Brock, William A.; Durlauf, Steven N.; West, Kenneth D. - 2021
This paper develops a decision-theoretic approach to policy analysis. We argue that policy evaluation should be conducted on the basis of two factors: the policymaker's preferences, and the conditional distribution of the outcomes of interest given a policy and available information. From this...
Persistent link: https://www.econbiz.de/10013226952
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Innovating Standards Through Informal Consortia : The Case of Wireless Telecommunications
Delcamp, Henry - 2014
We empirically examine the effects of industry consortia on the coordination of innovation strategies of the members. Our analyses utilize membership data from 32 consortia in wireless telecommunication technology subfields from 2000 to 2005 and prior art citations in standards-essential...
Persistent link: https://www.econbiz.de/10013065932
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Bank Relationships, Business Cycles, and Financial Crises
Hale, Galina - 2021
The importance of information asymmetries in the capital markets is commonly accepted as one of the main reasons for home bias in investment. We posit that effects of such asymmetries may be reduced through relationships between banks established through bank-to-bank lending and provide evidence...
Persistent link: https://www.econbiz.de/10013225015
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The Riddle of the Great Pyramids
Morck, Randall - 2013
Large pyramidal family controlled business groups are the predominant form of business organization outside America, Britain, Germany, and Japan. Large pyramidal groups comprising dozens, even hundreds, or listed and unlisted firms place the governance of large swathes of many countries' big...
Persistent link: https://www.econbiz.de/10012753143
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Cascades in Networks and Aggregate Volatility
Acemoglu, Daron - 2010
We provide a general framework for the study of cascade effects created by interconnections between sectors, firms or financial institutions. Focusing on a multi sector economy linked through a supply network, we show how structural properties of the supply network determine both whether...
Persistent link: https://www.econbiz.de/10013136361
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Competition and Political Organization : Together or Alone in Lobbying for Trade Policy?
Bombardini, Matilde - 2009
This paper employs a novel data set on lobbying expenditures to measure the degree of within-sector political organization and to explore the determinants of the mode of lobbying and political organization across U.S. industries. The data show that sectors characterized by a higher degree of...
Persistent link: https://www.econbiz.de/10012764629