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The process of innovation is driven by two main factors: new inventions and institutions supporting the transformation of inventions into marketable innovations. This paper proposes a new institution, called a semi-public competition, that has been neglected by the economic literature but exists...
Persistent link: https://www.econbiz.de/10014216946
I construct an efficient game of competition for insurance markets with adverse selection. In the game, each company offers two menus of contracts: a public menu and a private menu. The union of all the public menus needs to be offered by every active company in the market. A private menu...
Persistent link: https://www.econbiz.de/10012970948
We investigate the drivers of firm level productivity in catching-up economies by jointly estimating its relationship to innovation and competition using data from the EBRD-WB Business Environment and Enterprise Performance Survey (BEEPS) in Eastern Europe and Central Asia. The findings confirm...
Persistent link: https://www.econbiz.de/10011495228
How does policy affect innovation and the digital economy? We revisit how standard product market regulation affects … innovation and develop a novel framework for thinking about digital regulation. Using new establishment-level micro-data across … that a standard deviation rise in standardized index of product market regulation is associated with a 1.029% decline in …
Persistent link: https://www.econbiz.de/10012849695
We address the role that deep, structural factors may have as determinants of Mexico's economic growth. We argue that Mexico's poor growth performance appears to be associated not only with shorter-run events such as the "lost decade" of the eighties, but also with supply-side features of the...
Persistent link: https://www.econbiz.de/10003909564
; (ii) firm dynamics; (iii) the relationship between growth and development with the notion of appropriate growth …
Persistent link: https://www.econbiz.de/10014025596
Based on data from a comprehensive benchmarking study on buyer-supplier relationships in the German automotive industry, we show that more trust in a relationship is associated with higher idiosyncratic investment by suppliers and better part quality - but also with more competition among...
Persistent link: https://www.econbiz.de/10012026390
account the December 2020 Commission proposals for platform regulation, as well as behavioral insights into consumer behavior …
Persistent link: https://www.econbiz.de/10013219751
We analyze the impact of social comparison on optimal contract design under imperfect labor market competition for managerial talent. Adding a disutility of social comparison as induced by a ranking of verifiable efforts to the multi-task model by Bénabou and Tirole (2016), we demonstrate that...
Persistent link: https://www.econbiz.de/10012253115
development with the basic system functions of evolutionary change, a general typology is developed that differentiates, organizes …' with the active pursuit of dynamic development goals, (ii) to break the ideologically afflicted dichotomy between 'vertical …
Persistent link: https://www.econbiz.de/10014321507