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We study changes in markups across 72 product markets from 2006 to 2018. A growing literature has documented a rise in markups over time using a production function approach; we instead employ the standard microeconomic method, which is to estimate demand and then invert firms' first-order...
Persistent link: https://www.econbiz.de/10014287331
panel of consumer preferences and marginal costs based on the estimation of separate random coefficient models by category …
Persistent link: https://www.econbiz.de/10014635702
This paper investigates the relationship between product market competition (PMC) and innovation. A growth model is … reduce innovation incentives for laggards. There are four key predictions. First, the relationship between product market … competition (PMC) and innovation is an inverted U-shape. Second, the equilibrium degree of technological neck-and-neckness' among …
Persistent link: https://www.econbiz.de/10012469440
Persistent link: https://www.econbiz.de/10012477115
How important is information disclosure through patents for subsequent innovation? Although disclosure is regarded as … the information disclosed in patent prior art plays an important role in supporting cumulative innovation …
Persistent link: https://www.econbiz.de/10012453060
Using patents as indicators of inventive activity, this article characterizes the concentration of origins of invention from 1976 to 2010, and how these changed over time. The analysis finds pervasive deconcentration in virtually every area related to ICT, but it can explain only a small part of...
Persistent link: https://www.econbiz.de/10012456049
in a better position to hire employees that can help with innovation. In contrast, competition in the market for …
Persistent link: https://www.econbiz.de/10012459232
of data used in this literature, before turning to a discussion of identification issues and results, and estimation … recent applications dealing with innovation, antitrust and mergers, dynamic pricing, regulation, product repositioning …
Persistent link: https://www.econbiz.de/10012629511
There has been a significant interest on a theoretical level in the application of supergames to oligopoly behavior …
Persistent link: https://www.econbiz.de/10012477012
This paper extends the static analysis of oligopoly structure into an infinite-horizon setting with sunk costs and …
Persistent link: https://www.econbiz.de/10012463973