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The last couple of decades have seen an increased retail concentration around the world, particularly in Europe. Views on the welfare implications of this severe change are controversial. Consumers might benefit because larger stores (owned by larger retailer chains) offer more product choices....
Persistent link: https://www.econbiz.de/10010297135
This paper aims to provide understanding of the relative trade performances and technological competitiveness, with particular emphasis on product quality, innovation and skills. The firm-level case studies support the conclusions arising from the aggregate analysis. Germany spends more on...
Persistent link: https://www.econbiz.de/10010260708
The authors examine the timing and quality of product introduction in an R&D stopping game, where they allow for horizontal and vertical differentiation in the product market. They observe that discontinuous changes in introduction dates can occur as firms' abilities as researchers change....
Persistent link: https://www.econbiz.de/10010298821
We examine the timing and quality of product introduction in an R&D stopping game, where we allow for horizontal and vertical differentiation in the product market. We observe that discontinuous changes in introduction dates can occur as firms' abilities as researchers change. Further, when the...
Persistent link: https://www.econbiz.de/10010300296
Persistent link: https://www.econbiz.de/10011558754
In this paper we study the impact of the income distribution on innovation through the demand for quality goods. For simplicity, we assume that there are two types of consumers, rich and poor. The income distribution is measured by the population share of the poor and the relative income of the...
Persistent link: https://www.econbiz.de/10010263108
We formulate a model that explicitly separates two functions in the innovation process: The introduction of new goods and the quality improvement of existing goods. While the latter is performed by the corporate R&D sector, the first is performed by entrepreneurs. We show that in a three sector...
Persistent link: https://www.econbiz.de/10010263851
consumers - rich, middle class and poor. In general, we find that for reasons of strategic price setting a more equal …
Persistent link: https://www.econbiz.de/10010291067
Most real world emission permit schemes are in effect hybrid instruments that feature both quantity and price controls …. While the effects of price bounds are well understood for issues such as uncertain abatement costs it has not been … analyzes these issues for two types of innovation. While price bounds increase static efficiency they reduce incentives to …
Persistent link: https://www.econbiz.de/10011422174
This paper develops an extended version of the quality-ladder model by allowing for heterogeneous markets. Based on this model, it presents an empirical analysis of innovation-based growth at the market level using a technometric measurement concept. It can be shown that a growth-promoting...
Persistent link: https://www.econbiz.de/10010296332