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Competing Engines of Growth : Innovation and Standardization
Acemoglu, Daron - 2010
production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … adapted to be produced using unskilled labor. Our framework highlights a number of novel results. First, standardization is … standardization rate (and of competition). Second, we characterize the growth and welfare maximizing speed of standardization. We show …
Persistent link: https://www.econbiz.de/10012462712
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Evolving Standards for Academic Publishing : A q-r Theory
Ellison, Glenn - 2000
This paper develops a model of evolving standards for academic publishing. It is motivated by the increasing tendency of academic journals to require multiple revisions of articles and by changes in the content of articles. Papers are modeled as varying along two quality dimensions: q and r. The...
Persistent link: https://www.econbiz.de/10012470945
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Designing Quality Certificates : Insights from eBay
Hui, Xiang; Jin, Ginger Zhe; Liu, Meng - National Bureau of Economic Research - 2022
Quality certification is a common tool to reduce asymmetric information and enhance trust in marketplaces. Should the certificate focus on seller inputs such as fast shipping, or include output measures such as consumer ratings? In theory, incorporating output measures makes the certificate more...
Persistent link: https://www.econbiz.de/10012814449
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Collusive Investments in Technological Compatibility : Lessons from U.S. Railroads in the Late 19th Century
Gross, Daniel P. - 2019
Collusion is widely condemned for its negative effects on consumer welfare and market efficiency. In this paper, I show that collusion may also in some cases facilitate the creation of unexpected new sources of value. I bring this possibility into focus through the lens of a historical episode...
Persistent link: https://www.econbiz.de/10012480205
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Quality Disclosure and Certification : Theory and Practice
Dranove, David - 2010
This essay reviews the theoretical and empirical literature on quality disclosure and certification. After comparing quality disclosure with other quality assurance mechanisms and describing a brief history of quality disclosure, we address three key theoretical issues: (i) Why don't sellers...
Persistent link: https://www.econbiz.de/10012463006
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Tiebreaker : Certification and Multiple Credit Ratings
Bongaerts, Dion - 2009
This paper explores the economic role credit rating agencies play in the corporate bond market. We consider three existing theories about multiple ratings: information production, rating shopping and regulatory certification. Using differences in rating composition, default prediction and credit...
Persistent link: https://www.econbiz.de/10012463319
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Competing on Standards? Entrepreneurship, Intellectual Property and the Platform Paradox
Simcoe, Timothy S. - 2007
This paper studies the intellectual property strategy of firms that participate in the formal standards process. Specifically, we examine litigation rates in a sample of patents disclosed to thirteen voluntary Standard Setting Organizations (SSOs). We find that SSO patents have a relatively high...
Persistent link: https://www.econbiz.de/10012465007
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Durable Goods and Conformity
House, Christopher L. - 2006
Is the variety of products supplied in markets a reflection of the diversity of consumers' preferences? In this paper, we argue that the distribution of durable goods offered in markets tends to be compressed relative to the distribution of consumers' underlying preferences. In particular, there...
Persistent link: https://www.econbiz.de/10012466641
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The Rules of Standard Setting Organizations : An Empirical Analysis
Chiao, Benjamin - 2005
This paper empirically explores the procedures employed by standard-setting organizations. Consistent with Lerner-Tirole (2004), we find (a) a negative relationship between the extent to which an SSO is oriented to technology sponsors and the concession level required of sponsors and (b) a...
Persistent link: https://www.econbiz.de/10012467529
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A Model of Forum Shopping, with Special Reference to Standard Setting Organizations
Lerner, Josh - 2004
Owners of intellectual property or mere sponsors of an idea (e.g., authors, security issuers, sponsors of standards) often need to persuade potential buyers or adopters of the worth of their property or idea. To this purpose, they often resort to more or less independent certifiers. This paper...
Persistent link: https://www.econbiz.de/10012468026