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This paper studies the introduction of new products (increase in product variety) in the automobile industry. The focus is on the two sources of market power that may allow the firms to get higher profits (and, thus, recoup investments): new products and brand-name reputation. The effects of new...
Persistent link: https://www.econbiz.de/10010298702
be able to expropriate innovations in new abatement technology ex post. This suggests that incentives for environmental R …
Persistent link: https://www.econbiz.de/10010274844
While there is little doubt that innovations drive economic growth, their effects on well-being are less clear. One … reason for this are ambivalent effects of innovations on well-being that result from pecuniary and technological … externalities of innovations, argued to be inevitable. Another major reason lies in the fact that, as a result of innovations …
Persistent link: https://www.econbiz.de/10010281855
be able to expropriate innovations in new abatement technology ex post. This suggests that incentives for environmental R …
Persistent link: https://www.econbiz.de/10010285618
This paper discusses the design, implementation and use of standards from the perspective of transaction costs economics. A proper design and implementation of standards may lead to a considerable reduction of transaction costs, which enhances trade and, consequently, economic welfare. A major...
Persistent link: https://www.econbiz.de/10011373830
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In many countries tax incentives are a popular means of realizing political, economic and social objectives. The main motive of their application is often to achieve and accelerate the selected activities in the public interest and also stimulate development of industry, and induce growth in...
Persistent link: https://www.econbiz.de/10011527240
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