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top 1%. In this paper we argue that the growing importance of digital innovation – new products and processes based on … Schumpeter's vision, digital innovation gives rise to ”winner-take-all” market structures, characterized by higher market power … digital non-rivalry, which allows for massive economies of scale and reduces costs of innovation. The latter stimulates higher …
Persistent link: https://www.econbiz.de/10012944156
We study why acquisitions of entrant firms by an incumbent can deter innovation and entry in the digital platform …
Persistent link: https://www.econbiz.de/10013298326
" about future performance and standard measures of corporate innovation. We begin by developing a career concern model where … probability of failure, are more likely to pursue innovation, and that this effect is larger in more competitive industries. We …
Persistent link: https://www.econbiz.de/10013069805
policy, due to their potential to foreclose competition and affect innovation incentives. We exploit major new product …
Persistent link: https://www.econbiz.de/10012909115
Canadian firms adjusts innovation activities, business strategies, and exit in response to large increases in Chinese imports … between 1999 and 2005. On average, process innovation declines more strongly than product innovation. In addition, initially …
Persistent link: https://www.econbiz.de/10012978850
, internal firm organization, performance and innovation, which is representative of the entire Canadian economy. Our empirical … particularly striking for innovation, as firms with some priority in business strategies are significantly more likely to innovate …
Persistent link: https://www.econbiz.de/10013030140
This paper draws on a detailed history of Intel's strategy with respect to the complementary markets for microprocessors to explore the usefulness of the current theoretical literature for explaining behavior. We find that as the literature predicts, Intel invests heavily in these markets, both...
Persistent link: https://www.econbiz.de/10013227066
As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...
Persistent link: https://www.econbiz.de/10013252333
Globally, an estimated 734 million jobs will be required between 2010 and 2030 to accommodate recent and ongoing demographic shifts, account for plausible changes in labour force participation rates, and achieve target unemployment rates of at or below 4 percent for adults and at or below 8...
Persistent link: https://www.econbiz.de/10012914276
Are fluctuations in firms' profitability risk a major cause of regular business cycles? We study this question within the framework of a heterogeneous-firm dynamic stochastic general equilibrium model with fixed capital adjustment costs. In such a model, surprise increases of risk lead to a...
Persistent link: https://www.econbiz.de/10013128887