Showing 1 - 10 of 904
There is wide variation in the sizes of manufacturing plants, even within the most narrowly defined industry classifications used by statistical agencies. Standard theories attribute all such size differences to productivity differences. This paper develops an alternative theory in which...
Persistent link: https://www.econbiz.de/10012462694
In most of the literature on auctions the valuations of agents are exogenously specified. This assumption may be inappropriate in a number of cases where valuations are better derived endogenously. Endogenous valuations are appropriate when there are many units being auctioned and their value is...
Persistent link: https://www.econbiz.de/10012475544
-local firms. They therefore mostly buy locally, limiting firms' potential market size (and competition). We explore this …
Persistent link: https://www.econbiz.de/10012453027
It is well known that new businesses are typically much smaller than their established industry competitors, and that this size gap closes slowly. We show that even in commodity-like product markets, these patterns do not reflect productivity gaps, but rather differences in demand-side...
Persistent link: https://www.econbiz.de/10012460806
concerned with the supply of human capital to entrepreneurship and innovation …
Persistent link: https://www.econbiz.de/10012455582
interplay of these two localized externalities and their impact on regional innovation. We examine MSA-level patent data during … the period 1975-2000 and find that innovation output is higher where large and small labs coexist. The finding is robust …
Persistent link: https://www.econbiz.de/10012460865
This paper builds a model of stock exchange competition tailored to the institutional and regulatory details of the …-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
Though fundamental to innovation and essential to many industries and occupations, individual creativity has received … effects of competition on individuals' creative production. Using a sample of commercial logo design competitions, and a novel …, content-based measure of originality, I find that intensifying competition induces agents to produce original, untested ideas …
Persistent link: https://www.econbiz.de/10012480710
We study why high-priced acquisitions of entrants by an incumbent do not necessarily stimulate more innovation and …
Persistent link: https://www.econbiz.de/10012481729
innovation competition using the geography of Chinese internet penetration and Chinese import data. Increases in the ability of … from China impact U.S. innovation through the markets for innovation and existing products. We identify shocks to … rate, consistent with increased intellectual property competition …
Persistent link: https://www.econbiz.de/10012482450