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A key feature of Sutton's theory is that industries evolve to distinct market configurations in terms of concentration depending upon whether the markets have a large size, whether the corresponding products are essentially homogeneous, whether they are differentiated by research and development...
Persistent link: https://www.econbiz.de/10014068645
This paper is about technology choices in a differentiated oligopoly. The main questions are: whether the position in … the product space affects the choice of technology, how changes in fixed costs affect price outcomes, the strategic … marginal) ones. The former is shown to be more ready than the latter to adopt a technology with low marginal costs and high …
Persistent link: https://www.econbiz.de/10011938689
production technology to firms’ responsiveness and job reallocation. …
Persistent link: https://www.econbiz.de/10014493768
production technology to firms’ responsiveness and job reallocation. …
Persistent link: https://www.econbiz.de/10014493774
/Normal” distribution, depending on the underlying elasticity of substitution between technology components. We find the tail of the “CES …
Persistent link: https://www.econbiz.de/10013003906
that if the technology is already advanced and competition intensifies then firms wouldn’t innovate. The dynamic … interaction we attempt to capture and explain is the one of technology with the possibility of innovation via the intensity of …
Persistent link: https://www.econbiz.de/10012263851
the market for technology. The commitment to limit trade to reciprocal exchange (barter instead of cash transactions …
Persistent link: https://www.econbiz.de/10014224536
Medical technological progress has been shown to be the main driver of health care costs. A key policy question is whether new treatment options are worth the additional costs. In this paper we assess the causal effect of percutaneous transluminal coronary angioplasty (PTCA), a major new heart...
Persistent link: https://www.econbiz.de/10011520625
The measurement of the impact of technology as a driver of health care expenditure is complex since technological …. Furthermore, the impact of the supply of advances in technology on health expenditure cannot be considered in isolation from … the interaction of supply and demand factors and the context that determine the ultimate level of technology use. There …
Persistent link: https://www.econbiz.de/10012136142
We study medical progress within an economy of overlapping generations subject to endogenous mortality. Individuals demand health care with a view to lowering mortality over their life-cycle. We characterise the individual optimum and the general equilibrium of the economy and study the impact...
Persistent link: https://www.econbiz.de/10011781886