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Markups and Entry in a Circular Hotelling Model

Barro, Robert J. - National Bureau of Economic Research - 2024

The Hotelling locational model and its adaptations to a circular city provide a core framework for research in industrial organization. The present paper expands the explanatory power of this model by incorporating a continuum of consumers with constant-elasticity demand functions along with...

Persistent link: https://www.econbiz.de/10014635623

An Empirical Examination of Patent Hold-up

Galetovic, Alexander - 2015

A large literature asserts that standard essential patents (SEPs) allow their owners to "hold up" innovation by … innovation in SEP-reliant industries. We find no empirical support for either prediction. Indeed, SEP-reliant industries have the …

Persistent link: https://www.econbiz.de/10012457576

Regulating Innovation with Uncertain Quality : Information, Risk, and Access in Medical Devices

Grennan, Matthew - 2015

We study the impact of regulating product entry and quality information requirements on an oligopoly equilibrium and consumer welfare. Requiring product testing can reduce consumer uncertainty, but it also increases fixed costs of entry and time to market. Using variation between EU and US...

Persistent link: https://www.econbiz.de/10012457685

Competition for Attention

Bordalo, Pedro - 2013

-commoditized" quality salient equilibria. When the cost of producing quality changes, innovation can lead to a radical change in markets. In … the context of financial innovation, the model generates the well documented phenomenon of "reaching for yield" …

Persistent link: https://www.econbiz.de/10012459585

Waldfogel, Joel - 2011

Recent technological changes may have altered the balance between technology and copyright law for digital products. While file-sharing has reduced revenue, other technological changes have reduced the costs of bringing creative works to market. As a result, we don't know whether the effective...

Persistent link: https://www.econbiz.de/10012461154

Quality Provision, Expected Firm Altruism and Brand Extensions

Rotemberg, Julio J. - 2010

This paper studies quality choice in a model where consumers expect firms (or brands) to act altruistically. Under plausible assumptions regarding this altruism and the reaction of consumers to firms that demonstrate insufficient altruism, existing brands can face a larger demand for new...

Persistent link: https://www.econbiz.de/10012463015

Importation and Innovation

Lichtenberg, Frank R. - 2006

the elasticity of innovation with respect to the expected price of drugs should be at least as great as the elasticity of … innovation with respect to expected market size (disease incidence). I examine the cross-sectional relationship between … pharmaceutical innovation and market size among a set of diseases (different types of cancer) exhibiting substantial exogenous …

Persistent link: https://www.econbiz.de/10012466126

New Products, Quality Changes and Welfare Measures Computed From Estimated Demand Systems

Nevo, Aviv - 2001

This paper examines the construction of a price index based on an estimated demand system. In principle the method examined can produce a price index that accounts for introduction of new products and quality changes in existing products. However, I isolate two key assumptions that have to be...

Persistent link: https://www.econbiz.de/10012470294

Empirical Patterns of Firm Growth and R&D Investment : A Quality Ladder Model Interpretation

Klette, Tor Jakob - 1997

We present a model of endogenous firm growth with R&D investment and innovation as the engine of growth. The objective …

Persistent link: https://www.econbiz.de/10012472879

Quality Ladders and Product Cycles

Grossman, Gene M. - 1989

We develop a two-country model of endogenous innovation and imitation in order to study the interactions between these … maximizing entrepreneurs. The steady-state equilibrium is characterized by constant aggregate rates of innovation and imitation …

Persistent link: https://www.econbiz.de/10012475836