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This paper studies the macroeconomic implications of firm-branding activities. We show empirically that firms build market share by creating new brands, developing their existing brands, and buying established brands from other firms. Sales and prices of the underlying branded products tend to...
Persistent link: https://www.econbiz.de/10014235560
The private sector is an important engine of growth and innovation. Yet, a private sector without an accordingly performing and developed public sector would it develop? In a thought experiment, let us imagine a market place where all land and water-surface is privately owned, and where the...
Persistent link: https://www.econbiz.de/10012716625
We study how alternative market structures influence market supply and R&D investment decisions of firms operating in dynamic imperfectly competitive environments. Firms can reduce their future production cost through R&D investment today, which is the engine of endogenous industry growth. Our...
Persistent link: https://www.econbiz.de/10014074533
We study the behavior of firms in an imperfectly competitive environment in which firms influence the evolution of the stock of capital equipment. Our model enables us, using analytical characterizations, to show the effect of key ingredients of dynamic competition on firm strategies and...
Persistent link: https://www.econbiz.de/10014075336
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The Theory of the Growth of the Firm proposed a process theory of growth based on the pursuit of knowledge and … government as an input to the growth process. This paper explores Penrose's process theory of firm growth when government … decisionmaking is an input to the process. The findings are based on content analysis of Penrose's Theory of the Growth of the Firm …
Persistent link: https://www.econbiz.de/10013090209
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We present a Stackelberg model of conflict, in which contestants have limited endowments to be put in two separate sectors, thus incorporating salient features of many conflicts. The model is applied to the case of conflict over natural resources. Consistent with amounting empirical evidence...
Persistent link: https://www.econbiz.de/10003666802