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This essay studies the optimal timing for a firm to adopt a new process innovation in the presence of learning. A …
Persistent link: https://www.econbiz.de/10003951879
This extended book review of Creating a Learning Society by Joseph Stiglitz and Bruce Greenwald (2014) looks at the 700 … "learning by doing", the authors throw away the doctrines of free trade, liberalization of capital, as well as the …-wide learning. In the opinion of the present author, Stiglitz and his co-author are using the term "learning" in such a broad sense …
Persistent link: https://www.econbiz.de/10011757523
optimal level. This interplay between learning and surplus extraction is crucial to the market outcome and its dynamics. …
Persistent link: https://www.econbiz.de/10010518802
We study optimal experimentation by a monopolistic platform in a two-sided mar- ket. The platform provider faces uncertainty about the strength of the externality each side is exerting on the other. It maximizes the expected present value of its profit stream in a continuous-time...
Persistent link: https://www.econbiz.de/10011490256
We study optimal experimentation by a monopolistic platform in a two-sided market framework. The platform provider faces uncertainty about the strength of the externality each side is exerting on the other. It maximizes the expected present value of its profit stream in a continuous-time...
Persistent link: https://www.econbiz.de/10009381848
Persistent link: https://www.econbiz.de/10010191085
This study quantifies the impact of process and product innovation on employment growth in Bolivia by using microdata from a survey on innovation conducted in Bolivia in 2016. Following the model of Harrison, Jaumandreu, Mairesse, and Peters (2008) and the adaptations for Latin America of Crespi...
Persistent link: https://www.econbiz.de/10012670262
This study quantifies the impact of process and product innovation on employment growth in Bolivia by using microdata from a survey on innovation conducted in Bolivia in 2016. Following the model of Harrison, Jaumandreu, Mairesse, and Peters (2008) and the adaptations for Latin America of Crespi...
Persistent link: https://www.econbiz.de/10012670286
Persistent link: https://www.econbiz.de/10011669293
We consider an economy in which competitive firms use three technologies for electricity production: pollutive fossils, intermittent renewables whose availability varies continuously over time, and storage. A Pigouvian tax implements the first-best solution. This is also the case for an...
Persistent link: https://www.econbiz.de/10012232987