In the mid-1990s, a pickup in measured productivity growth for the semiconductor industry coincided with an economy-wide acceleration in labor productivity growth. The pickup in semiconductor markets reflected an increase in the growth of real output that was generated by what Dale Jorgenson...

The sprouting of high technology SMEs around Science Academy institutes have been spotted during on-field visits in Novosibirsk2 - Siberia. We have defined euphemistically Sputnik company creation the creation of satellite enterprises from the scientific and research centres, due to the...

This paper puts forward an economic theory of professions, and tests that theory against the history of pharmacy practice. The paper defines a profession as a network of strategic alliances across ownership boundaries among independent practitioners who share a core competency. It then...

Abtract: This paper considers learning in an imperfectly competitive setting. By allowing an opponent a ``head start," unsuccessful unilateral experimentation may jeopardize future sales and profits. We show that even in the absence of spillover and signalling effects, competition can inhibit...

Consider a Bertrand model in which each firm may be inactive with a known probability, so the number of active firms is uncertain. This simple model has a mixed-strategy equilibrium in which industry profits are positive and decline with the number of firms, the same features which make the...

We discuss the incentive of an exclusive holder of a technology to share it with competitors in a market with network externalities. We assume that high expected sales increase the willingness to pay for the good. This is named the "network effect". At a stable fulfilled expectations...

While exclusive dealing can be efficient, the Chicago School has also argued that it cannot be anticompetitive, or that it seldom is. That argument takes two forms; both are weak. First, a pricetheory argument (“the Chicago Three-Party Argument”) depends crucially on a special model of...

L'exposé présente un certain nombre d'éléments expliquant pourquoi les activités se développant sur le Net ne peuvent pas être bien appréhendées dans un contexte de concurrence parfaite, et discute la nature des barrières à l'entrée. Nous verrons que l'essentiel des changements...

Ensayo sobre cajeros automaticos. Parte 2. Compartir las redes de cajeros facilita el acceso de los usuarios a sus saldos monetarios y puede llegar a disminuir el costo financiero del banco. Sin embargo, mayor compatibilidad puede resultar en que la base de clientes sea presa facil de bancos...