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Foreign Competition and Innovation
Helpman, Elhanan - National Bureau of Economic Research - 2023
Empirical studies have found that enhanced foreign competition can encourage or discourage innovation. To address this …-product firms live forever, and the large firms invest in innovation in order to enlarge their product spans. All firms export. I … show that an increase in the competitiveness of foreign firms can increase or reduce innovation efforts of a large multi …
Persistent link: https://www.econbiz.de/10014436971
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A Theory of Stock Exchange Competition and Innovation : Will the Market Fix the Market?
Budish, Eric - 2019
-frequency trading. The robust conclusion is that private innovation incentives are much smaller than the social incentives, especially …
Persistent link: https://www.econbiz.de/10012479804
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Market Structure and Innovation : A Dynamic Analysis of the Global Automobile Industry
Hashmi, Aamir Rafique - 2010
We study the relationship between market structure and innovation in the global automobile industry from 1982 to 2004 … using the dynamic industry framework of Ericson and Pakes (1995). Firms optimally choose a continuous level of innovation in … parameter -- the cost of innovation. In terms of the relationship between market structure and innovation, we find that: (1) At …
Persistent link: https://www.econbiz.de/10012462693
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Market Size in Innovation : Theory and Evidence From the Pharmaceutical Industry
Acemoglu, Daron - 2003
This paper investigates the effect of (potential) market size on entry of new drugs and pharmaceutical innovation …
Persistent link: https://www.econbiz.de/10012468658
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Old Moats for New Models : Openness, Control, and Competition in Generative AI
Azoulay, Pierre; Krieger, Joshua L.; Nagaraj, Abhishek - National Bureau of Economic Research - 2024
Drawing insights from the field of innovation economics, we discuss the likely competitive environment shaping … stifling broad sectoral innovation. We conclude with speculations regarding how this oligopolistic future might be averted …
Persistent link: https://www.econbiz.de/10014544752
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Stress Testing Structural Models of Unobserved Heterogeneity : Robust Inference on Optimal Nonlinear Pricing
Bodoh-Creed, Aaron L.; Hickman, Brent R.; List, John A.; … - National Bureau of Economic Research - 2023
In this paper, we provide a suite of tools for empirical market design, including optimal nonlinear pricing in intensive-margin consumer demand, as well as a broad class of related adverse-selection models. Despite significant data limitations, we are able to derive informative bounds on demand...
Persistent link: https://www.econbiz.de/10014337879
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Banks in Space
Oberfield, Ezra; Rossi-Hansberg, Esteban; Trachter, Nicholas - National Bureau of Economic Research - 2024
We study the spatial expansion of banks in response to banking deregulation in the 1980s and 90s. During this period, large banks expanded rapidly, mostly by adding new branches in new locations, while many small banks exited. We document that large banks sorted into the densest markets, but...
Persistent link: https://www.econbiz.de/10014512110
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Entry, Pricing and Product Design in an Initially Monopolized Market
Davis, Steven J. - 2001
We analyze entry, pricing and product design in a model with differentiated products. Under plausible conditions, entry into an initially monopolized market leads to higher prices for some, possibly all, consumers. Entry can induce a misallocation of goods to consumers, segment the market in a...
Persistent link: https://www.econbiz.de/10012470171
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Market Size, Linkages, and Productivity : A Study of Japanese Regions
Davis, Donald R. - 2001
One account of spatial concentration focuses on productivity advantages arising from market size. We investigate this for forty regions of Japan. Our results identify important effects of a region's own size, as well as cost linkages between producers and suppliers of inputs. Productivity links...
Persistent link: https://www.econbiz.de/10012470200
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From Wild West to the Godfather : Enforcement Market Structure
Anderson, James E. - 2001
Weak states enable private enforcement but it does not always fade away in the presence of strong states. We develop a general equilibrium model of the market organization of enforcers (self-enforcers, competitive specialized enforcers or monopoly) who defend endowments from predators. We...
Persistent link: https://www.econbiz.de/10012470249