Showing 1 - 10 of 449
This paper examines how pharmaceutical firms have responded to changes in intellectual property rights and trade … pharmaceutical firms in the EU with respect to their product portfolios is consistent with attempts to reduce parallel trade. This … may at least partially explain why parallel trade has not yet resulted in significant price convergence across EU …
Persistent link: https://www.econbiz.de/10005774386
This paper argues that the ability to keep innovations secret may be a key determinant of patenting. To test this hypothesis, the paper examines a newly-collected data set of more than 7,000 American and British innovations at four world's fairs between 1851 and 1915. Exhibition data show that...
Persistent link: https://www.econbiz.de/10005580487
We estimate a dynamic profit-maximization model of a fish wholesaler who can observe consumer characteristics, set individual prices, and thus engage in third-degree price discrimination. Simulated prices and quantities from the model exhibit the key features observed in a set of high quality...
Persistent link: https://www.econbiz.de/10004992015
Recent theoretical work predicts that an important margin of adjustment to deregulation or trade reforms is the … developing country during a period (1989-2003) that spans large-scale trade and other market reforms. We find that in the cross … destruction". We also find no link between declines in tariffs on final goods induced by India's 1991 trade reform and product …
Persistent link: https://www.econbiz.de/10005829412
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
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
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
In this article we introduce an empirical framework to analyze how firm performance is affected by increased … marketplace, such as reductions in trade costs (through lowering tariffs and abolishing quotas). Our analytical framework nests … most empirical approaches to estimating the impact of trade and industrial policies on firms active in international …
Persistent link: https://www.econbiz.de/10010887108
We measure the impact of a drastic new technology for producing steel - the minimill - on the aggregate productivity of … industry's productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills … third of the increase in the industry's productivity. Second, increased competition, due to the expansion of minimills …
Persistent link: https://www.econbiz.de/10010950759
We exploit Medicare national coverage reimbursement approvals of medical devices as a quasi-natural experiment to investigate how private and publicly traded firm financing decisions and product introductions respond to exogenous changes in investment opportunities. We find that publicly traded...
Persistent link: https://www.econbiz.de/10010950886