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Innovation, Competition and Welfare-Enhancing Monopoly
Darby, Michael R. - 2006
agenda to integrate major research streams treating innovation as an object of economic analysis into our standard models … outcome. The totality of possible outcomes drives the national innovation system and the returns to a particular successful … required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary …
Persistent link: https://www.econbiz.de/10012466574
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A Competitive Theory of Monopoly Unionism
Lazear, Edward P. - 1981
This paper sets up a microeconomic theory of labor unions. It discusses their formation and goals, their hierarchical structure, and the nature of rent distribution. The theory provides predictions for the probability that an industry or occupation will be unionized, the proportion of that...
Persistent link: https://www.econbiz.de/10012478449
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Product Variety and Demand Uncertainty
Carlton, Dennis W. - 2004
We show that demand uncertainty leads to vertical product differentiation even when consumers are homogeneous. When a firm anticipates that its inventory or capacity may not be fully utilized, product variety can reduce its expected costs of excess capacity. When the firm offers a continuum of...
Persistent link: https://www.econbiz.de/10012468099
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Competition, Monopoly, and Aftermarkets
Carlton, Dennis W. - 2001
Consider a durable goods producer that potentially has market power in the aftermarkets associated with its products. An important question is to what extent, if any, should the antitrust laws restrict the firm's behavior in these aftermarkets? In this paper we explore a number of models...
Persistent link: https://www.econbiz.de/10012470643
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Monopoly Power and Endogenous Product Variety : Distortions and Remedies
Bilbiie, Florin O. - 2008
The inefficiencies related to endogenous product creation and variety under monopolistic competition are two-fold: one static--the misalignment between consumers and producers regarding the value of a new variety; and one dynamic--time variation in markups. Quantitatively, the welfare costs of...
Persistent link: https://www.econbiz.de/10012464264
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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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Creativity Under Fire : The Effects of Competition on Creative Production
Gross, Daniel P. - 2018
Though fundamental to innovation and essential to many industries and occupations, individual creativity has received … for the management of creative workers and for the implementation of competitive procurement mechanisms for innovation …
Persistent link: https://www.econbiz.de/10012480710
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Kill Zone
Kamepalli, Sai Krishna - 2020
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
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Internet Access and U.S. - China Innovation Competition
Hoberg, Gerard - 2020
from China impact U.S. innovation through the markets for innovation and existing products. We identify shocks to … innovation competition using the geography of Chinese internet penetration and Chinese import data. Increases in the ability of …
Persistent link: https://www.econbiz.de/10012482450
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Trade Induced Technical Change? The Impact of Chinese Imports on Innovation, IT and Productivity
Bloom, Nicholas - 2011
effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …
Persistent link: https://www.econbiz.de/10012461940