The study examines differences in the incomes of entrepreneurs and paid employees and considers alternative explanations for such differences. We do so with the help of National Science Foundation surveys of recipients of BA/BS or higher degrees in science and engineering for the years 1995,...

The paper attempts to examine the effects of two horizontal mergers between Baby Bells, the SBC-Pacific Telesis merger and the Bell Atlantic-Nynex merger, on the performance of the respective operating companies. The effects of the mergers are investigated by comparing the performance of the...

This paper is an attempt to explain diffusion in the production of an innovation. Diffusion in production is defined as the increase in number of producers, or net entry, in the market for a new product. It is to be distinguished from the more familiar problem in the literature on technical...

This paper is an attempt to explain diffusion in the production of an innovation. Diffusion in production is defined as the increase in number of producers, or net entry, in the market for a new product. It is to be distinguished from the more familiar problem in the literature on technical...

The paper decomposes the determinants of firm survival into firm and product (industry) attributes. Industry attributes, we hypothesize, encompass primarily exogenous variables that exert their influence both over time and across markets. These consist mainly of the characteristics of demand and...

The paper examines historical changes in the duration of the interval between the commercial introduction of a new product and the time when entry by later competitors begins. The paper begins by examining a priori reasons why the duration of this interval in the U.S. economy may either expand...

The paper focuses on the relation of competition to changes in productivity. Specifically, it compares the experience of AT&T Long Lines, operating in an increasingly competitive market, with that of eight local telephone monopolies. Both the estimation of total factor productivity growth and...