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Africa: A continent is waking up. Not through aid or wealth from the exploitation of natural resources, but through a technological revolution. The access to affordable mobile telecommunication. Inspired by deregulation and pioneered by local champions who have taken a lead in what is today's...
Persistent link: https://www.econbiz.de/10010245059
advertising levels, and the impact of entry and mergers. We show that novel forces come into play, which reflect the outlets …' incentives to control the composition of the customer base in addition to its size. We link consumer preferences and advertising …
Persistent link: https://www.econbiz.de/10010403757
by slowing growth. In contrast, a subsidy on brand or firm entry can alleviate pricing distortions and raise growth. In … markets with fast maturing brands, subsidies to entry become more effective and blocking brand reallocation becomes more …
Persistent link: https://www.econbiz.de/10014235560
This study examines barriers to entry in the South African retail banking informed by Capitec's experiences as an … as Ubank (former Teba Bank) and the Mzansi initiative. Capitec's entry and growth in transactional banking sparked a … customer's reluctance to switch, a key barrier to entry in retail banking, by developing a simple product that is easily …
Persistent link: https://www.econbiz.de/10012999596
In this paper we study the impact of the income distribution on innovation through the demand for quality goods. For simplicity, we assume that there are two types of consumers, rich and poor. The income distribution is measured by the population share of the poor and the relative income of the...
Persistent link: https://www.econbiz.de/10010263108
Empirical evidence on the relationship between a country?s wealth inequality and economic growth is ambiguous. This paper provides reasonable explanations of this ambiguity. We investigate the implications which the shape of wealth distribution has for economic growth in a framework combining...
Persistent link: https://www.econbiz.de/10010263165
We study an endogenous growth model where a profit-motivated R and D sector coexists with the introduction of free blueprints invented by philanthropists. These goods are priced at marginal cost, contrary to proprietary ones which are produced by a monopoly owned by the inventor. We show that...
Persistent link: https://www.econbiz.de/10011409970
We analyse how spatial disparities in innovation activities, coupled with migration costs, affect economic geography, growth and regional inequality. We provide conditions for existence and uniqueness of a spatial equilibrium, and for the endogenous emergence of industry clusters. Spatial...
Persistent link: https://www.econbiz.de/10011810111
The main objective of this paper is to analyze the links between product market competition, innovation and growth. In a step-by step innovation model we explicitly introduce the distinction between knowledge and technology information flows. Patents protect their holders from being imitated or...
Persistent link: https://www.econbiz.de/10013029477
equilibrium, despite stimulating growth, lobbying restricts the market structure and reduces welfare when compared to the free-entry … over a welfare maximizing free-entry equilibrium, by means of an expansion in aggregate demand. This introduces a new …
Persistent link: https://www.econbiz.de/10013150461