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This paper provides new evidence on the relationship between innovation, competition and distance to the technology … product innovations. Secondly, there is evidence that innovation and competition are more positively correlated at low levels … positively correlated with product innovation when a firm is more advanced than its main competitor. In other cases, this …
Persistent link: https://www.econbiz.de/10013141333
This study examines the relationship between the two sides of innovation of research and development (R&D) and … innovation spillovers. In addition, decreasing competition magnifies the spillover effect. The net effect of the total spillover …
Persistent link: https://www.econbiz.de/10012858526
Persistent link: https://www.econbiz.de/10001461033
Ein Jahr nach Inkrafttreten der deutschen Energierechtsnovelle sind die Konturen der zukünftigen Strommarktregulierung noch zu weiten Teilen ungeklärt. Vor diesem aktuellen wirtschaftspolitischem Hintergrund wird in diesem Papier die Frage nach einer sachgerechten Ausrichtung der...
Persistent link: https://www.econbiz.de/10011475164
to be more mixed and modest than expected. We suggest that this in fact should not be surprising, since economic theory …
Persistent link: https://www.econbiz.de/10009686878
Two well-known mechanisms for enhancing managers' accountability are yardstick competition and internal monitoring. Yardstick competition puts managers in direct competition when firms make decisions for re-appointment (Tirole, 2006). Monitoring is used by firms to detect managers' rent-seeking...
Persistent link: https://www.econbiz.de/10012890290
This analysis introduces a theoretical framework for assessing the empirical discussion of asymmetric information amongst mortgage lenders and adds the idea of lender competition into this framework. Despite this addition, the results are generally consistent with existing empirical findings...
Persistent link: https://www.econbiz.de/10013027213
We study learning in perfect competition. A price-taking firm sells a good whose quality is unknown to some buyers. The uninformed buyers use the price to infer information about quality. The presence of noise on the supply prevents perfect learning. Even though the firm is a price-taker,...
Persistent link: https://www.econbiz.de/10013032366
. Inspired by the theory of the core, we explore the idea that the competitive process is the process of sellers and buyers …
Persistent link: https://www.econbiz.de/10014185970
Contrary to some of the leading critiques of neoclassical theory, I argue that this theoretical framework can … market forces. Neoclassical theory, broadly defined, simply stresses the potential trade-off that exists between altruistic … neoclassical theory are too narrow to deal with the potential ramifications of introducing the moral dimension into the objective …
Persistent link: https://www.econbiz.de/10014047497