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Piracy and Copyright Enforcement Mechanisms
Danaher, Brett; Smith, Michael D.; Telang, Rahul - National Bureau of Economic Research (NBER) - 2013
Much debate exists around the impact that illegal file sharing may have on the creative industries. Similarly, opinions differ regarding whether the producers of artistic works should be forced to accept any weakening of intellectual property rights resulting from illegal file sharing, or if...
Persistent link: https://www.econbiz.de/10010969366
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Agglomeration and Innovation
Carlino, Gerald; Kerr, William R. - National Bureau of Economic Research (NBER) - 2014
This chapter reviews academic research on the connections between agglomeration and innovation. We first describe the conceptual distinctions between invention and innovation. We then describe how these factors are frequently measured in the data and some resulting empirical regularities....
Persistent link: https://www.econbiz.de/10010885295
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A Game Theoretic Foundation of Competitive Equilibria with Adverse Selection
Netzer, Nick; Scheuer, Florian - National Bureau of Economic Research (NBER) - 2012
We construct a fully specified extensive form game that captures competitive markets with adverse selection. In particular, it allows firms to offer any finite set of contracts, so that cross-subsidization is not ruled out. Moreover, firms can withdraw from the market after initial contract...
Persistent link: https://www.econbiz.de/10010885305
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Firm Performance in a Global Market
De Loecker, Jan K.; Goldberg, Pinelopi - National Bureau of Economic Research (NBER) - 2013
In this article we introduce an empirical framework to analyze how firm performance is affected by increased globalization. Using this framework we discuss recent work on measuring the impact of various shocks firms face in the global marketplace, such as reductions in trade costs (through...
Persistent link: https://www.econbiz.de/10010887108
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Reallocation and Technology: Evidence from the U.S. Steel Industry
De Loecker, Jan K.; Collard-Wexler, Allan - National Bureau of Economic Research (NBER) - 2013
We measure the impact of a drastic new technology for producing steel - the minimill - on the aggregate productivity of U.S. steel producers, using unique plant-level data between 1963 and 2002. We find that the sharp increase in the industry's productivity is linked to this new technology, and...
Persistent link: https://www.econbiz.de/10010950759
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Financing Decisions and Product Introductions of Private and Publicly Traded Firms
Phillips, Gordon M.; Sertsios, Giorgo - National Bureau of Economic Research (NBER) - 2014
financing is through private financing of public firms. We also show that firms that select to go public during our sample … period are ex ante more productive than similar private firms. The results are consistent with public firms bearing the costs … investigate how private and publicly traded firm financing decisions and product introductions respond to exogenous changes in …
Persistent link: https://www.econbiz.de/10010950886
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The Market Impacts of Pharmaceutical Product Patents in Developing Countries: Evidence from India
Duggan, Mark; Garthwaite, Craig; Goyal, Aparajita - National Bureau of Economic Research (NBER) - 2014
In 2005, as the result of a World Trade Organization mandate, India began to implement product patents for pharmaceuticals that were compliant with the 1995 Trade-Related Aspects of Intellectual Property Rights (TRIPS). We combine pharmaceutical product sales data for India with a newly gathered...
Persistent link: https://www.econbiz.de/10010950922
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Did Robert Bork Understate the Competitive Impact of Mergers? Evidence from Consummated Mergers
Ashenfelter, Orley; Hosken, Daniel; Weinberg, Matthew C. - National Bureau of Economic Research (NBER) - 2014
In The Antitrust Paradox, Robert Bork viewed most mergers as either competitively neutral or efficiency enhancing. In his view, only mergers creating a dominant firm or monopoly were likely to harm consumers. Bork was especially skeptical of oligopoly concerns resulting from mergers. In this...
Persistent link: https://www.econbiz.de/10010950952
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The Morphology of Price Dispersion
Kaplan, Greg; Menzio, Guido - National Bureau of Economic Research (NBER) - 2014
This paper is a study of the shape and structure of the distribution of prices at which an identical good is sold in a given market and time period. We find that the typical price distribution is symmetric and leptokurtic, with a standard deviation between 19% and 36%. Only 10% of the variance...
Persistent link: https://www.econbiz.de/10010950974
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Outside Purchase Contracts, Human Capital and Firm Capital Structure
Phillips, Gordon M.; Moon, S. Katie - National Bureau of Economic Research (NBER) - 2014
decisions, we document that firms with more outside contracts are more likely to issue private securities. Our results are …
Persistent link: https://www.econbiz.de/10010951012