Showing 1 - 10 of 18,660
planner is interested in the average technology whereas the private researcher is interested in the leading edge technology …
Persistent link: https://www.econbiz.de/10010262488
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
This paper critically discusses the theoretical and empirical literature on the quantitative and qualitative employment impact of technological change, compares the relative explanatory power of the competing theories, and explains in detail the macro and micro evidence on the issue, with...
Persistent link: https://www.econbiz.de/10010282387
In credence goods markets, experts have better information about the appropriate quality of treatment than their customers. As experts provide both diagnosis and treatment, this leaves scope for fraud. We experimentally investigate how intensity of price competition and the level of customer...
Persistent link: https://www.econbiz.de/10011753240
This paper addresses the key determinants of merger failure, in particular the role of innovation (post …-merger performance) and technology (ex-ante selection) when firms decide to separate. After a brief review of the existing literature we … introduce a model of process innovation where merged firms exibit intra-merger spillover of knowledge under different market …
Persistent link: https://www.econbiz.de/10010263728
's incentives with respect to technology choice: if demand responds elastically with respect to monetary costs, the physician has … Innovation darstellt, weil sie die Behandlungskosten senkt oder eine bessere Heilung der Krankheit ermöglicht, nicht … Technologiewahl des Arztes bewirkt: Bei einer elastischen Reaktion der Nachfrage in Bezug auf monetäre Kosten zeigt der Arzt z. B. bei …
Persistent link: https://www.econbiz.de/10010377685
We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how … expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channel in a new …
Persistent link: https://www.econbiz.de/10011422187
We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how … expensive and innovation investments that increase labor productivity are more profitable. We incorporate this channel in a new …
Persistent link: https://www.econbiz.de/10010264503
This paper reviews the emergence and evolution of major topics in economics of innovation. Throughout the paper … the development of a more general theory of the determinants and the effects of TC. In turn, such theory has to deal … primarily with an assessment of both the complementarities between the economic incentives and the internal mechanisms of the so …
Persistent link: https://www.econbiz.de/10010263572
Persistent link: https://www.econbiz.de/10013342491