Considering that the modified and improved ICT service becomes a commodity in the domestic and foreign markets, it can be said with complete certainty that the improved service in the domestic market, i. e. as a commodity, meets the demand of domestic consumers. But the updated and improved ICT...

Advertisements provide consumers with knowledge about private products, whereas political information is required to provide voters with knowledge of public issues. Modern information technologies and globalisation are increasing the exposure of individuals to information. Goods advertising is...

Advertisements provide consumers with knowledge about private products, whereas political information is required to provide voters with knowledge of public issues. Modern information technologies and globalisation are increasing the exposure of individuals to information. Goods advertising is...

Corruption is known to inhibit economic growth. The dearth of data on actual bribe payments, however, has been the major impediment for reliable quantitative knowledge of bribery and resulted in little consensus in methods of fighting corruption. This paper tests whether increased access to...

Are dominant online search engines monopolies enjoying low contest-ability, due to high barriers to entry, or innovative first-movers? This paper argues that dominant online search engines maintain their leadership through an “innovation feedback loop”: a process whereby increasing R&D...

We find display advertising influences customer search for both the advertised brand and its competitors. We exploit a natural experiment that randomizes ad delivery on 500 million visits to the Yahoo! homepage and compare visitors' subsequent activities on Yahoo! Search. In three advertisers'...

We analyze the linking and versioning strategies of a media firm when facing competition from blogs, search engines and news aggregators. First, we show that when the publisher competes against a blog it is less likely to release a fighting version if this generates signi ficant spillovers for...

Our paper decomposes knowledge-diffusing trade flows and estimates their impacts separately. Overall, trade generates positive knowledge spillovers, but the effects of intra-industry trade are ambiguous. With regard to sectoral import penetration, we find that potential positive spillovers are...

Die vorliegende Studie wurde im Auftrag des Bundesministeriums für Wirtschaft und Technologie erstellt und im Oktober 2006 abgeschlossen. Gegenstand der Studie ist die Untersuchung des Globalisierungs- und Anpassungsprozesses sowie seiner Ergebnisse in Deutschland, Frankreich, Großbritannien,...

This paper considers competition between two multinationals (U, J) who compete in a third market (K).The multinationals have similar cost structures, but differ in that J comes from a country that is “culturallysimilar” to K, and hence produces products that match more closely the...