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Patterns of technological progress and corporate innovation

Waśniewski, Krzysztof - 2010

United Kingdom as immediate followers, which all display, on the long run, a negative marginal value added on innovation. The … apparently hostile to innovation, i.e. giving back negative marginal value added on innovation ? A model is introduced in which … equilibrium in which innovating is rational though suboptimal, without premium on innovation being a real economic profit. The …

Persistent link: https://www.econbiz.de/10015223233

The Real Thing: Nominal Price Rigidity of the Nickel Coke, 1886–1959

Levy, Daniel; Young, Andrew - 2004

We report that the price of a 6.5oz Coke was 5¢ from 1886 until 1959. Thus, we are documenting a nominal price rigidity that lasted more than 70 years! The case of Coca-Cola is particularly interesting because during the 70-year period there were substantial changes in the soft drink industry...

Persistent link: https://www.econbiz.de/10015227166

What if Hayek goes shopping in the bazaar?

Lamieri, Marco; Bertacchini, Enrico - 2006

The paper presents a comparative analysis of the peculiar institutional features of two retail markets: the middle eastern Bazaar and the western Mall (shopping center). We study the informational functions and performance of the different market institutions using an Agent Based Computational...

Persistent link: https://www.econbiz.de/10015230662

Timing of investments and third degree price discrimination in intermediate good markets

Li, Youping - 2011

We study third degree price discrimination in intermediate good markets, in which costs of production for the downstream firms are determined by their investment choices. We focus on the effect of the sequence of firm actions and analyze two models with different timing of investments, before or...

Persistent link: https://www.econbiz.de/10015230691

Information acquisition and innovation under competitive pressure

Barbos, Andrei - 2009

for recent empirical results that point to an inverted-U shape relationship between competition and innovation. The model … information on whether this idea can be converted into a successful project against the cost of delaying innovation: a given firm …'s profit following innovation is decreasing in the number of firms that invested at earlier dates. By recognizing that a firm …

Persistent link: https://www.econbiz.de/10015231347

Book review: public duties in Islam

Islahi, Abdul Azim - 1983

Public Duties in Islam is the English translation of Ibn Taymiyah’s al-Hisba fi'l Islam by Muhtar Holland. It is a useful addition to Islamic economic literature in English language. Notwithstanding a few small errors, the translation reads well and the notes are excellent. This book is a good...

Persistent link: https://www.econbiz.de/10015233897

Testing for competition in the South African banking sector

Simbanegavi, Witness; Greenberg, Josh; Gwatidzo, Tendai - 2012

This paper employs the Panzar and Rosse (1987) and the Bresnahan models to determine the level of competition in the South African banking sector. This level of competition was tested during the period 1998 to 2008 for the Panzar and Rosse approach and from 1992 to 2008 for the Bresnahan model....

Persistent link: https://www.econbiz.de/10015235244

Behavioral industrial organization, firm strategy, and consumer economics

Azar, Ofer H. - 2006

The field of behavioral economics is one of the fastest-growing fields in economics in recent years. Not long ago this was a small field, but over the last decade or so, the field gained more recognition, and today it seems clear that psychological motivations and biases affect economic behavior...

Persistent link: https://www.econbiz.de/10015236077

Embedded Supervision: How to Build Regulation into Decentralised Finance

Auer, Raphael A. - 2022

The emergence of so-called "decentralised finance" (DeFi) and a shadow financial system of cryptocurrency exchanges and stablecoin issuers raises the challenge of how to apply technology-neutral regulation so that similar risks are subject to the same rules. This paper makes the case for...

Persistent link: https://www.econbiz.de/10013353383

Misinformation in social media: The role of verification incentives

Cisternas, Gonzalo; Vásquez, Jorge - 2022

We develop a model of misinformation wherein users' decisions to verify and share news of unknown truthfulness interact with producers' choices to generate fake content as two sides of a market that balance to deliver an equilibrium prevalence and pass-through of fake news. We leverage the...

Persistent link: https://www.econbiz.de/10013432958