This article examines the effects of market structure on the variety of research projects undertaken and the amount of duplication of research. A characterization of the equilibrium market portfolio of R&D projects and the socially optimal portfolio is provided. It is shown that a merger...

In this report we present the definition for a digital platform. We also define what kinds for characteristics and features are associated with platforms and the platform economy. This report provides background information for policy-makers on digital platforms. It also serves as an...

Summary Based on an extended game-theoretic innovation-race model, we derive some Schumpeterian hypotheses of the impact of technological rivalry, market power, technological opportunities and demand expectations on the timing of product and process innovations. Using innovation data at the firm...

Auf den meisten Wertpapiermärkten stehen Investoren Limit und Market Orders zur Verfügung. Mit der Wahl eines Ordertyps entscheidet ein Investor, ob er das Risiko einer Nichtausführung eingeht oder ob er eine zuverlässige Ausführung wünscht und hierfür implizit eine erhöhte...

Der Forschungsschwerpunkt der vorliegenden Arbeit liegt in der empirischen Untersuchung der Nachfragemacht der ukrainischen Milchverarbeitungsindustrie nach Rohmilch. Für die ökonometrische Analyse der Preisbildung auf dem ukrainischen Markt für Rohmilch wurde ein sektorales...

Recently, the interactions between product market structure and labor market outcomes have come under increased scrutiny. This paper considers the dynamic relationship between product market entry regulation and equilibrium unemployment and wages, both theoretically and quantitatively. The main...

We examine turbulence over the product life cycle using the lowest possible level of industry aggregation, allowing for the use of panel data to study the evolution of single product markets. We find that replacement of exiting firms by subsequent entry plays a primary role in generating...

Newspapers are two-sided platforms that sell their product both to readers and advertisers. Media firms in general, and newspapers in particular, are considered important providers of information, culture and language in most countries. Newspapers are therefore given preferential tax treatment....