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Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this … product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding …, that patent protection can complement competition in inducing innovation …
Persistent link: https://www.econbiz.de/10013064451
role of an active market for corporate control and of competition in banking integration. European listed banks … profitability appears to converge to a common level. There is weak evidence that competition eliminates high profits for these banks …
Persistent link: https://www.econbiz.de/10012757853
We examine the impact of Chinese import competition on patenting, IT, R&D and TFP using a panel of up to half a million …-specific quotas following China's entry into the World Trade Organization. Chinese import competition had two effects: first, it led … account for around 15% of European technology upgrading between 2000-2007. Rising Chinese import competition also led to falls …
Persistent link: https://www.econbiz.de/10013038317
show that sectors characterized by a higher degree of competition (more substitutable products and a lower concentration of …
Persistent link: https://www.econbiz.de/10012764629
-economic equilibrium in two ways. On the one hand, it leads to more tax competition between the countries: this quot;economic effectquot … government: this quot;political effectquot; offsets the increased tax competition, although not completely so. The second part of …
Persistent link: https://www.econbiz.de/10012776951
In the last two decades the European financial markets have become more market oriented. We analyze the economic and political forces that have triggered these changes as well as their likely welfare implications. We also try to assess whether this trend will continue. Based on our analysis, we...
Persistent link: https://www.econbiz.de/10012762834
This paper documents a set of stylized facts about recent trends in cross-border M&A (CBMA) activity around the world. The facts focus on key features of CBMA such as (i) the magnitude; (ii) how it varies across industries and locations; (iii) how it compares to levels of greenfield FDI over time;...
Persistent link: https://www.econbiz.de/10013322226
The creation of the euro should now be recognized as an experiment that has led to the sovereign debt crisis in several countries, the fragile condition of major European banks, the high levels of unemployment, and the large trade deficits that now exist in most Eurozone countries. Although the...
Persistent link: https://www.econbiz.de/10013118129
We develop a political-economy model of economic union and compare the competion regime to the coordination regime. Key policy differences emerge between the two regimes: concerning the generosity of the welfare state and the skill composition of migration. We argue that the differences between...
Persistent link: https://www.econbiz.de/10013014302
This paper develops and simulates a dynamic model of strategic telecom competition. The goal is to understand how … regulatory policy, particularly relative to lease charges for local network elements, affects telecom competition, investment …
Persistent link: https://www.econbiz.de/10013215384