Showing 1 - 10 of 12,692
To shed light on how the waiting time of imitators and the market frictions affect prices and how policies help reduce the market frictions and to narrow price differential, this paper adopts a search-theoretical approach to capture the searching behaviors of consumers and producers in the...
Persistent link: https://www.econbiz.de/10013095210
This paper studies the role of imperfect information and attentional biases in the context of energy efficiency …' decision to replace the central heating appliance, and employ both within-subject information disclosure and betweensubject … variation in information provision to quantify how tenants trade-off energy efficiency and rent increases. A set of quantile …
Persistent link: https://www.econbiz.de/10011916633
The article is devoted to the necessity of introduction and diagnostics of opportunities for sustainable development of rural areas. The main criterion for the sustainable development of the agrarian sector is to improve the farmers' and rural residents' quality of life, which should be built on...
Persistent link: https://www.econbiz.de/10012895262
There is a considerable shortage of improved seed in Ethiopia. Despite good reasons to invest in this market, private sector investments are not observed. Using an institutional economics theoretical framework, this paper analyzes the formal Ethiopian seed system and identifies transaction costs...
Persistent link: https://www.econbiz.de/10013010165
Arrow's information paradox asserts that demand for undisclosed information is undefined. Reassessing the paradox, I … argue that the value of information for the buyer depends on its relevance, which can be known ex ante, and the uncertainty … the appropriation problem of nonproprietary information, where the original source loses her monopoly after the first …
Persistent link: https://www.econbiz.de/10009738910
We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses the model of quality improvements todescribe...
Persistent link: https://www.econbiz.de/10010325047
Innovation and technological change are central to the quest for regional development. In the globally … despite declining real costs of information, communication and transportation. Globally, the proportion of the population … structure characterised by its extent of specialisation, competition and diversity, to yield innovation and productivity growth …
Persistent link: https://www.econbiz.de/10010325386
We develop an endogenous growth model which is focussed on entrepreneurial skills and their impact on growth and convergence. Our work is closely related to the model by Acemoglu et al. (2006) but extends their analysis in some important respects. Entrepreneurs in our model dispose of two...
Persistent link: https://www.econbiz.de/10010263536
-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …
Persistent link: https://www.econbiz.de/10010275011
-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …
Persistent link: https://www.econbiz.de/10010427596