Similar Search Results

Grossman, Gene M.; Helpman, Elhanan - 2021

We develop a two-country model of endogenous innovation and imitation in order to study the interactions between these … maximizing entrepreneurs. The steady-state equilibrium is characterized by constant aggregate rates of innovation and imitation …

Persistent link: https://www.econbiz.de/10013235883

Robust Benchmark Design

Duffie, Darrell - 2014

Recent scandals over the manipulation of LIBOR, foreign exchange benchmarks, and other financial benchmarks have spurred policy discussions over their appropriate design. We characterize the optimal fixing of a benchmark as an estimator of a market value or reference rate. The fixing data are...

Persistent link: https://www.econbiz.de/10013046173

The Economics of Attribute-Based Regulation : Theory and Evidence from Fuel-Economy Standards

Ito, Koichiro - 2014

This paper analyzes "attribute-based regulations," in which regulatory compliance depends upon some secondary attribute that is not the intended target of the regulation. For example, in many countries fuel-economy standards mandate that vehicles have a certain fuel economy, but heavier or...

Persistent link: https://www.econbiz.de/10013047020

Surviving the U.S. Import Market : The Role of Product Differentiation

Besedes, Tibor; Prusa, Thomas J. - 2021

We examine the extent that product differentiation affects the duration of US import trade relationships. Applying nonparametric and semiparametric techniques to highly disaggregated product-level data we estimate that the hazard rate is at least 18 percent higher for homogenous goods than for...

Persistent link: https://www.econbiz.de/10013240568

Keeping it Fresh : Strategic Product Redesigns and Welfare

Blonigen, Bruce A. - 2014

Product redesigns happen across virtually all types of products. While there is substantial evidence that new varieties of goods increase welfare, there is little evidence on the effect of product redesigns. We develop a model of redesign and exit decisions in a dynamic oligopoly model (a la...

Persistent link: https://www.econbiz.de/10013064071

Policies for Green Design

Fullerton, Don; Wu, Wenbo - 2022

We analyze alternative policies such as a disposal content fee, a subsidy for recyclable designs, unit pricing of household disposal, a deposit-refund system, and a manufacturer `take-back' requirement. In order to identify the problem being addressed, we build a simple general equilibrium model...

Persistent link: https://www.econbiz.de/10013324059

Designing Women : Consumer Goods Innovations in Britain, France and the United States, 1750-1900

Khan, B. Zorina - 2017

Economic studies typically underestimate incremental changes in consumer goods and design innovations that enhance allocative efficiency and structural dynamics. This paper assesses over 12,000 innovations by female patentees and participants in industrial fairs and prize-granting institutions...

Persistent link: https://www.econbiz.de/10012964884

Entry, Pricing and Product Design in an Initially Monopolized Market

Davis, Steven J.; Murphy, Kevin M.; Topel, Robert H. - 2021

We analyze entry, pricing and product design in a model with differentiated products. Under plausible conditions, entry into an initially monopolized market leads to higher prices for some, possibly all, consumers. Entry can induce a misallocation of goods to consumers, segment the market in a...

Persistent link: https://www.econbiz.de/10013228967

A New Use of Importance Sampling to Reduce Computational Burden in Simulation Estimation

Ackerberg, Daniel A. - 2011

Method of Simulated Moments (MSM) estimators introduced by McFadden (1989)and Pakes and Pollard (1989) are of great use to applied economists. They are relatively easy to use even for estimating very complicated economic models. One simply needs to generate simulated data according to the model...

Persistent link: https://www.econbiz.de/10013127757

Innovation and Foreign Ownership

Guadalupe, Maria - 2010

product and process innovation (simultaneously adopting new machines and organizational practices) and adopt foreign … technologies, leading to higher productivity. We propose a model of endogenous selection and innovation in heterogeneous firms that … jointly explains the observed selection process and the innovation decisions. Further, we show in the data that innovation on …

Persistent link: https://www.econbiz.de/10013135408

1
2
3
4
5
6
7
8
9
10
Next
Last