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Entry, exit and investment-specific technical change
Samaniego, Roberto M. - 2009 - Rev., second version
Persistent link: https://www.econbiz.de/10003854270
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Entry, exit, and investment-specific technical change
Samaniego, Roberto M. - In: The American economic review 100 (2010) 1, pp. 164-192
Persistent link: https://www.econbiz.de/10008729196
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Entry, Exit and Investment-Specific Technical Change
Samaniego, Roberto M. - 2008
Across industries, this paper finds that the rate of investment-specific technical change (ISTC) is positively related … generates lumpy investment as a result of technology adoption by incumbents …
Persistent link: https://www.econbiz.de/10012724701
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Entry, Exit and Investment-Specific Technical Change, Second Version
Samaniego, Roberto M. - 2009
of investment-specific technical change (ISTC); (2) the sensitivity of industry entry and exit rates to cross … of ISTC varies across industries and new investment-specific technologies can be introduced by entrants or by incumbents …
Persistent link: https://www.econbiz.de/10013159161
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The Effect of Mean Reversion on Entry and Exit Decisions Under Uncertainty
Tsekrekos, Andrianos E. - 2010
reverting processes are rarely used in investment models in the literature. In most models, geometric Brownian motion processes … investigations of aggregate industry investment …
Persistent link: https://www.econbiz.de/10013150516
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Multi-market competition, R&D, and welfare in oligopoly
Kawasaki, Akio; Lin, Ming Hsin; Matsushima, Noriaki - 2010
We investigate a multi-market Cournot model with strategic process R&D investments wherein a multi-market monopolist meets entrants that enter one of the markets. We find that entry can enhance the total R&D expenditure of the incumbent firm. That is, entry can stimulate R&D effort. Moreover,...
Persistent link: https://www.econbiz.de/10008748288
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Multi-Market Competition, R&D, and Welfare in Oligopoly
Kawasaki, Akio - 2010
We investigate a multi-market Cournot model with strategic process R&D investments wherein a multi-market monopolist meets entrants that enter one of the markets. We find that entry can enhance the total R&D expenditure of the incumbent firm. That is, entry can stimulate R&D effort. Moreover,...
Persistent link: https://www.econbiz.de/10013137368
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Why Exits Matter for Future Innovation Investments
Vass, Laurie Thomas - 2014
innovation, and it is more rare and much harder to discover than sustaining innovation. But, it provides both higher investment …
Persistent link: https://www.econbiz.de/10012708693
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Productivity or Unexpected Demand Shocks : What Determines Firm-Level Investment and Exit Decisions?
Kumar, Pradeep; Zhang, Hongsong - 2022
We investigate the roles played by unexpected demand shocks, besides productivity, on firms' capital investment and … productivity and demand shocks are both significant factors determining firm behavior, the former is more dominant for investment … productivity, are important factors when analyzing capital investment and firm exit decisions …
Persistent link: https://www.econbiz.de/10014235417
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The race between machine and man : implications of technology for growth, factor shares and employment
Acemoglu, Daron; Restrepo, Pascual - 2016
We examine the concerns that new technologies will render labor redundant in a framework in which tasks previously performed by labor can be automated and new versions of existing tasks, in which labor has a comparative advantage, can be created. In a static version where capital is fixed and...
Persistent link: https://www.econbiz.de/10011573063