Showing 1 - 10 of 10
Appropriately designed Product Market Regulation (PMR) is essential to enhance productivity, boost economic growth and increase welfare. Regulation is needed to address market failures and guarantee the health and safety of consumers. However, by limiting the entry and expansion of firms, a too...
Persistent link: https://www.econbiz.de/10013523745
This paper endogenizes the interplay between innovation by a regulated firm and regulatory delay. When product … innovation costs fall over time, an extra day of regulatory delay increases time to introduction by more than a day. In the … signaling model, the firm therefore times its innovation to communicate its private information about the marginal cost of delay …
Persistent link: https://www.econbiz.de/10010266380
I examine the effects of FCC regulation on the innovation and introduction of advanced telecommunications services in … the U.S. An interim of lighter regulation provides an experiment to test the regulatory regime''s impact on innovation …. The econometric model comprises an arrival process (for service innovation) followed by a duration process (for regulatory …
Persistent link: https://www.econbiz.de/10010318599
The effects that regulation has on the innovation and the introduction of new telecommunications services have not been … (RoRR) and under alternative regulation. The econometric model comprises an count process (for innovation) followed by a …
Persistent link: https://www.econbiz.de/10010318609
Economic institutions encompassing increasingly sophisticated concepts of risk-sharing and liability flourished in Europe since the High Middle Ages. These innovations occurred in an environment of fragmented local jurisdictions, not within the framework of the territorial state. In this short...
Persistent link: https://www.econbiz.de/10005870503
regulations on innovation. While product and labour market policies usually aim at objectives other than innovation, they may have … positive impact on the innovation performance of a country. Conversely, the relationship between innovation and job protection …
Persistent link: https://www.econbiz.de/10012445941
strengthen competition, entrepreneurship and innovation would go a long way toward enhancing it. Recent competition policy … procedures. Recent reforms to the innovation policy framework are welcome but the focus on sectoral priority clusters will need …
Persistent link: https://www.econbiz.de/10012444731
We analyse the impact of innovation activity and product and labour market institutions on multi-factor productivity in … of innovation activity (proxied by R&D expenditure) on productivity depends on market structure and technological …
Persistent link: https://www.econbiz.de/10012446907
This paper uses the OECD's indicators of product market regulation to assess the extent to which the regulatory environment affects economic performance across Indian states. The degree to which product market regulation is supportive of competition is found to vary considerably across states....
Persistent link: https://www.econbiz.de/10012445595
Competition in product markets has been found to be an important determinant of economic performance in developed and developing countries. This paper uses the OECD's indicators of product market regulation (PMR) to assess the extent to which India's regulatory environment is supportive of...
Persistent link: https://www.econbiz.de/10012446848