Showing 1 - 10 of 232
on existing literature, we argue that ex ante regulation could represent a danger for the long-term development of the … infrastructures. We also argue that ex ante regulation is distorting investment itself: incremental investment is privileged as … opposed to radical investment. In this context, we identify three possible options for regulation in the near future: 1 …
Persistent link: https://www.econbiz.de/10005790072
Australia’s productivity growth has decelerated markedly around the turn of the century. Part of the decline is probably temporary, but raising multifactor productivity is key to ensure that living standards continue to grow strongly, especially if the currently strong terms of trade weaken...
Persistent link: https://www.econbiz.de/10011276866
are not simply a more efficient way of doing the same thing as regulation. Rather, they involve considerable innovation …
Persistent link: https://www.econbiz.de/10005650531
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011242610
Abstract: I present a model in which firms differing in R&D productivity choose between ambitious research projects, which are socially desirable, and unambitious ones, which are socially undesirable. The patent office must decide how rigorously to examine applications, which affects the...
Persistent link: https://www.econbiz.de/10011093181
Persistent link: https://www.econbiz.de/10010548452
Efficiency and productivity analysis is a central concept in incentive-based regulation of network utilities. However … adjustment of capital stock or production capacity, is problematic under incentive regulation with ex-post regulatory treatment …
Persistent link: https://www.econbiz.de/10010949354
from regulation to competition. By modeling the impact of the 1990s U.S. electricity deregulation on patenting, we find …
Persistent link: https://www.econbiz.de/10011009927
of society. The implications of policies such as patent protection, price regulation, and mandatory divestiture are …
Persistent link: https://www.econbiz.de/10005134408
The paper offers a new theoretical framework to examine the role of intermediaries between creators and users of new inventions. We find that uncertainty about the profitability of investing in new inventions generates a basis for intermediation. An intermediary may provide an opportunity to...
Persistent link: https://www.econbiz.de/10005498006