Showing 1 - 10 of 16,131
Information and communication technologies are transforming economies and societies around the world. In this respect …
Persistent link: https://www.econbiz.de/10010270679
As the process of globalisation of the world economy progresses, the degree of international competition among …
Persistent link: https://www.econbiz.de/10010295506
enhances trade and, consequently, economic welfare. A major example is the use of containers, which has drastically changed the … worldwide transport infrastructure, and lowered the costs of transport of goods considerably. The example of containers also …
Persistent link: https://www.econbiz.de/10010325142
This paper studies R&D investment decisions of a firm facing the threat of new technology entry and subject to technical uncertainty. We distinguish four scenarios: inevitable entry, entry deterrence, entry blockade, and non-credible entry threat. The entry threat stimulates the incumbent to...
Persistent link: https://www.econbiz.de/10010261128
Der Aufsatz ist wie folgt aufgebaut. In Abschnitt 2 wird zunächst die Theorie der angreifbaren Märkte kurz skizziert …. Es folgt in Abschnitt 3 eine kurze Darstellung der Theorie der monopolistischen Bottlenecks und deren Zusammenhang mit … Konzepten aufgezeigt, insbesondere die Rolle der Theorie angreifbarer Märkte als Wegbereiterin für die Theorie monopolistischer …
Persistent link: https://www.econbiz.de/10010263192
In this article, we analyse the interactions between financial and start-up decisions in an oligopolistic framework, where firms compete to enter a new market. We show that preemption can substantially reduce the negative effects of credit rationing on start-up investment decisions.
Persistent link: https://www.econbiz.de/10010264136
In this paper we build a formal model to study market environments where information is costly to acquire and is of use also to potential competitors. In such situations a market for information may form, where reports - of unverifiable quality - over the information acquired are sold. A...
Persistent link: https://www.econbiz.de/10010264388
We examine the persistence of monopolies in markets with innovations when the outcome of research is uncertain. We show that for low success probabilities of research, the incumbent can seldom preempt the potential entrant. Then the efficiency effect outweighs the replacement effect. It is vice...
Persistent link: https://www.econbiz.de/10010266990
We explore how the threat of entry influences the innovation activity of an incumbent. We show that the incumbent's investment is hump-shaped in the entry threat. When the entry threat is small and increases, the incumbent invests more to deter entry, or to make it unlikely. This is due to the...
Persistent link: https://www.econbiz.de/10010270442
The US labour market is characterized by a high skill wage mark-up and low unemployment, while the German labour market has a low skill wage mark-up and a high, mainly unskilled unemployment rate. This paper adds an innovative labour supply explanation to the discussion how these distinct labour...
Persistent link: https://www.econbiz.de/10010297700