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We argue that existence of public good does not necessarily imply market failure, and illustrate this point in the context of international trade. An influential hypothesis states that export pioneers are too few relative to social optimum because the first exporter's action creates an...
Persistent link: https://www.econbiz.de/10012946038
This paper examines two potential channels of knowledge acquisition that underlie firm productivity growth in the Taiwanese electronics industry: participation in the export market and investments in Ramp;D and/or worker training. We focus on the argument that a firm's own investments in Ramp;D...
Persistent link: https://www.econbiz.de/10012761901
This paper examines possible consequences of subsidies to R&D and to volume production proposed under the Clinton administration's flat panel display initiative. We do this in the context of a model in which firms behave competitively in the short run, while realizing that their choices of...
Persistent link: https://www.econbiz.de/10013232728
This paper compares the impact of new IT-enhanced technology on the efficiency of production in the U.S. and the U.K. for one manufacturing industry, valve manufacturing. There is a long-standing question of whether technological change and organizational changes have the same rates of adoption...
Persistent link: https://www.econbiz.de/10012750297
This paper estimates the relative price sensitivity of individuals' choice of whether to buy computers online versus in retail stores using a new data source on the computer purchase behavior of more than 20,000 people. To estimate the degree of competition between the two channels, the paper...
Persistent link: https://www.econbiz.de/10013231197
This paper explores the characteristics of 238 patents on 94 "inventions" contributed by major multinational innovators … innovations. By comparing the pledged patents to other patents in the same technologies or held by the same multinationals, we … of climate change related technologies. This study, therefore, indirectly provides evidence on the role of patents in the …
Persistent link: https://www.econbiz.de/10013114981
technologies. How will patent protection affect this process? In this paper we first review the evidence on the role of patents for …
Persistent link: https://www.econbiz.de/10013115728
In this article we develop a model to analyze patent-protected R&D investment projects when there is (imperfect) competition in the development and marketing of the resulting product. The competitive interactions that occur substantially complicate the solution of the problem since the decision...
Persistent link: https://www.econbiz.de/10013115937
We generalize Krugman's (1979) 'new trade' model by allowing for an explicit production chain in which a range of tasks is performed sequentially by a number of specialized teams. We demonstrate that an increase in market size induces a deeper division of labor among these teams which leads to...
Persistent link: https://www.econbiz.de/10013103513
of innovation in product markets, rather than on indirect correlates of innovation (like patents), and by exploiting …
Persistent link: https://www.econbiz.de/10013064214