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Demand pull and technology push effects in the quality ladder model
Stadler, Manfred - 2000
This paper extends the standard quality ladder model of innovation and quality growth by allowing for heterogeneous industries. This enables us not only to deal with the Schumpeterian hypothesis about market power and innovation, but also to analyze industry specific demand pull and technology...
Persistent link: https://www.econbiz.de/10010305037
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Analysis of productivity growth within a distance function approach: An application to European dairy farms
Brümmer, Bernhard; Glauben, Thomas; Thijssen, Geert - 1999
A detailed decomposition of the sources of the Total Factor Productivity (TFP) growth index within an output distance function framework was carried out, looking at the following components: technical change, change in technical efficiency, scale component, and violations of the profit...
Persistent link: https://www.econbiz.de/10010297110
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Technological Progress and Market Growth : An Empirical Study Based on the Quality-Ladder Approach
Grupp, Hariolf; Stadler, Manfred - 2004
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
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Who should pay for certification?
Stahl, Konrad; Strausz, Roland - 2011
Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device,...
Persistent link: https://www.econbiz.de/10010306003
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Price Competition with Information Disparities in a Vertically Differentiated Duopoly
Cavaliere, Alberto - 2004
differentiation, informed consumers exert a positive externality on the purchasers of the high quality good as its price decreases … when the share of informed consumers decreases. Considering also that the price of the low quality good increases with the … with pessimistic consumers we can explain demand collapses and insensitivity to price changes due to consumer suspicions …
Persistent link: https://www.econbiz.de/10011324907
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Do energy prices induce progress in energy-related technology? An empirical study
Schmitz, Simon - 2001
abatement costs in the long term. Can such efforts be induced by price instruments? Economists often cite induced technological … this ratio is regarded by economic agents as having the potential to increase the price of energy permanently, whereas mere … price fluctuations like those experienced in the oil crises have no real credibility that influences future expectations …
Persistent link: https://www.econbiz.de/10010295565
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Technology shocks, employment, and labor market frictions
Mandelman, Federico S.; Zanetti, Francesco - 2008
Recent empirical evidence suggests that a positive technology shock leads to a decline in labor inputs. However, the standard real business cycle model fails to account for this empirical regularity. Can the presence of labor market frictions address this problem without otherwise altering the...
Persistent link: https://www.econbiz.de/10010292305
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Learning, adaptive expectations, and technology shocks
Huang, Kevin X. D.; Liu, Zheng; Zha, Tao - 2008
This study explores the macroeconomic implications of adaptive expectations in a standard real business cycle model. When rational expectations are replaced by adaptive expectations, we show that the self-confirming equilibrium is the same as the steady-state rational expectations equilibrium...
Persistent link: https://www.econbiz.de/10010292324
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Technological progress under learning by imitation
Kelly, Morgan - 2005
We analyse technological progress when knowledge has a large tacit component so that transmission of knowledge takes place through direct personal imitation. It is shown that the rate of technological progress depends on the number of innovators in the same knowledge network. Assuming the...
Persistent link: https://www.econbiz.de/10010293845
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Carbon taxes, path dependency and directed technical change: Evidence from the auto industry
Aghion, Philippe; Dechezleprêtre, Antoine; Hemous, David; … - 2012
Can directed technical change be used to combat climate change? We construct new firm-level panel data on auto industry innovation distinguishing between dirty (internal combustion engine) and clean (e.g. electric and hybrid) patents across 80 countries over several decades. We show that firms...
Persistent link: https://www.econbiz.de/10010294270