In ihrem Kommentar weisen Ferdinand Dudenhöffer und Wolfgang Schneider, CAR-Center Automotive Research an der Universität Duisburg-Essen, auf den Wettbewerbsvorsprung der USA beim »automatisiertes Fahren« hin. Die branchenspezifischen Voraussetzungen, um in Deutschland beim neuen Markt für...

This paper investigates the effect of remittances in attracting U.S. foreign direct investment flows to Latin America and the Caribbean (LAC). It uses an unbalanced panel data set for fifteen countries covering the period 1983-2010. The results suggest a positive and significant impact of...

We develop a model of product differentiation in which firms strategically compete in product quality and advertising intensity. Products exhibit a combination of vertical and horizontal differentiation. A consumer’s utility has a stochastic relationship with quality, but they are more likely...

This paper analyzes the interrelationship among competition, market size and innovation by using the data from total 37 industries in China within a simultaneous equations model. It finds that: (1) Competition and innovation are mutually-enhanced, and this is the consequence of the long-run...