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Motivated by the fact that some regulations involve extra costs for those firms at a size beyond a critical threshold, this paper contributes to the analysis of the welfare distortions due to these regulations. In the context of a duopoly, our results show that social welfare is not monotonic...
Persistent link: https://www.econbiz.de/10011980152
We compare two competing methodologies of market zones identification under the criterion of social welfare maximization: (i) consensus clustering of Locational Marginal Prices over different wind scenarios and (ii) congestion contribution identification with congested lines identified across...
Persistent link: https://www.econbiz.de/10014149081
Information in digital form transforms from a rivalrous to a non-rivalrous good, with profoundly different and counter-intuitive economic properties. This essay reviews five key features of digital goods: renewability, universality, magnetism, friction-free transfer, and vulnerability....
Persistent link: https://www.econbiz.de/10014125862
Firms in many industries may obtain superior knowledge of customer preferences, whereas customers often need costly efforts to learn their match values. In this pa-per, we examine the optimal pricing strategies for a firm with superior knowledge, when customers can reduce information asymmetry...
Persistent link: https://www.econbiz.de/10013309116
This paper focuses on the role that business models play in cooperative standard setting. Certain business models, namely upstream specialists with no manufacturing of their own, have been vilified by some as patent trolls bent on exploiting the standard setting process. This view ignores...
Persistent link: https://www.econbiz.de/10014188605
attempt to search for directions, as well as the power of impact of different phases of the business cycle on the innovation … industrial companies (questionnaire survey) it was stated that in the prosperity phase the implementation of the innovation …, the innovation activity is a less common phenomenon, but is not completely abandoned. Research results did not confirm the …
Persistent link: https://www.econbiz.de/10012002317
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10010698829
This paper examines empirically the relationship between innovation and market structure within a simultaneous … concentration. In contrast, competition enforces innovation, i.e. sales concentration has a negative impact on R&D. …
Persistent link: https://www.econbiz.de/10005098331
&D-oriented firms versus all others - is somewhat limited. In particular, non-R&D innovation activity should be treated as an important … engaged in non-R&D innovation grow in a less risky and costly way than R&D innovators, and that a young firm's decision … whether to engage in R&D for the purpose of innovation and growth can therefore usefully be understood as being driven by a …
Persistent link: https://www.econbiz.de/10014485556
between innovation and growth in young firms. To this end, this paper develops an augmented YIC categorization that also … includes non-R&D innovators and young firms that conduct R&D but have not yet brought an innovation to the market. Using panel …-R&Doriented YICs, typically focused on the 'Learning by Doing, Using, and Interacting' (DUI) mode of innovation, exhibit a distinct …
Persistent link: https://www.econbiz.de/10015084298