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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...
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Difficulties in measuring the production of software might result in significant underestimation of economic growth …. The magnitude of this underestimation is likely to increase over time, if software development continues its current … million KB. The most recent version of the same software, Windows 10, was released in 2015 and is $119. It is 30 GB installed …
Persistent link: https://www.econbiz.de/10012933025
Proprietary software firms have recently begun to emulate the open source software community in opening up some of … their software. We analyze this phenomenon in the context of resource allocation between fixing defects and the development … of the next version of the software — an important issue that many software firms face in light of the prevalence of …
Persistent link: https://www.econbiz.de/10013211109
Estland, Lettland und Litauen haben seit 1997 relativ starke Produktionszuwächse zu verzeichnen. Die Inflationsraten liegen konstant bei etwa 10% und die Haushaltsbudgets sind nahezu ausgeglichen. Nach einer ziemlich erfolgreichen Transformationsphase konzentrieren sich die Politiker der...
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The international empirical evidence on the economics of education reveals one central insight and two puzzles, which are all relevant for the case of the Baltic States. The central insight is that social rates of return to education tend to be higher than the social opportunity costs of...
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