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&D efforts. Traditionally, the effects of R&D on productivity have been assessed from an econometrically estimated production … modelling the improvement of technology and the growth of total factor productivity. In this case, the residual of the … production function, which reflects total factor productivity, consists of two multiplicative components. The first component is …
Persistent link: https://www.econbiz.de/10010285005
, the hypothesis that input quality and plant productivity are complementary in generating output quality. We embed this …
Persistent link: https://www.econbiz.de/10010277014
, by separating the lagoon from the Adriatic Sea, it interferes with ship traffic and has negative impacts on port …
Persistent link: https://www.econbiz.de/10010272410
We investigate how port privatization affects port charges, firm profits, and welfare. Our model consists of an … prices for port usage, although neither government has an incentive to privatize its port. The equilibrium governmental …'s government is more likely to privatize its port, although the larger country's government is more likely to nationalize its port …
Persistent link: https://www.econbiz.de/10010332370
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
finance productivity and technology improvements. Third, in terms of social welfare, no equivalence result between the effects …
Persistent link: https://www.econbiz.de/10010324646
Anti-dumping actions are now the trade policy of choice of developing and transition economies. To understand why these economies have increasingly applied anti-dumping laws, we build a simple theoretical model of vertical intra-industry trade and investigate the strategic incentives of...
Persistent link: https://www.econbiz.de/10010325270
We examine an export game where two firms (home and foreign), located in two differentcountries, produce vertically differentiated products. The foreign firm is the most efficientin terms of R&D costs of quality development and the foreign country is relatively larger andendowed with a...
Persistent link: https://www.econbiz.de/10010325360
In a standard adverse selection world, asymmetric information about product quality leads to quality deterioration in the market. Suppose that a higher investment level makes the realization of high quality more likely. Then, if consumers observe the investment (but not the realization of...
Persistent link: https://www.econbiz.de/10010264613
This paper investigates the possibility that wealth (holdings of money) serves as a signal of ability to produce high quality products for agents who cannot directly observe the quality of the products. A producer's wealth may advertise past success in selling products to agents who knew the...
Persistent link: https://www.econbiz.de/10010266277