Showing 1 - 10 of 61
The Producer Price Index (PPI) for the United States suggests that semiconductor prices have barely been falling in … implications for gauging the rate of innovation in the semiconductor sector …
Persistent link: https://www.econbiz.de/10013024503
Sparked by concerns about their shrinking market share, 14 leading U.S. semiconductor producers, with the financial … -- in 1987. Using Compustat data on all U.S. semiconductor firms, we estimate the effects of Sematech on members' R …&D spending, profitability, investment, and productivity. In so doing we test two hypotheses: the `commitment' hypothesis that …
Persistent link: https://www.econbiz.de/10013248691
A coalition of well-organized semiconductor producers along with compliant government agencies (USTR and the Commerce … in all world markets and to help secure 20 percent of the Japanese semiconductor market for foreign firms within five … protectionism.' This paper examines how the U.S. semiconductor industry became the beneficiary of this unique and unprecedented …
Persistent link: https://www.econbiz.de/10013310555
This paper has examined the factors that affect the pattern of introduction of semiconductor innovations into the …
Persistent link: https://www.econbiz.de/10013229148
U.S. airlines have lost nearly $60 billion (2009 dollars) in domestic markets since deregulation, most of it in the last decade. More than 30 years after domestic airline markets were deregulated, the dismal financial record is a puzzle that challenges the economics of deregulation. I examine...
Persistent link: https://www.econbiz.de/10013130786
Using a sample of control cross-border acquisitions from 61 countries from 1990 to 2007, we find that acquirers from countries with better governance gain more from such acquisitions and their gains are higher when targets are from countries with worse governance. Other acquirer country...
Persistent link: https://www.econbiz.de/10013131665
Several studies link modern economic performance to institutions transplanted by European colonizers and here we extend this line of research to Asia. Japan imposed its system of well-defined property rights in land on some of its Asian colonies, including Korea, Taiwan and Palau. In 1939 Japan...
Persistent link: https://www.econbiz.de/10013135762
dramatically affected profitability of these goods, and raised concerns for future development of socially valuable digital …
Persistent link: https://www.econbiz.de/10013136546
Product availability impacts many industries such as transportation, events, and retail, yet little empirical evidence documents the importance of stocking decisions for firm profits, vertical relationships, or consumers. We conduct several experiments, exogenously removing top-selling products...
Persistent link: https://www.econbiz.de/10013136549
Do acquirors profit from acquisitions, or do CEOs overbid and destroy shareholder value? We propose a novel approach to measuring the long-run returns to mergers. In a new data set of close bidding contests we use losers' post-merger performance to construct the counterfactual performance of...
Persistent link: https://www.econbiz.de/10013107194