This book addresses the foundations of economic growth at the firm level, combining both theoretical and econometric contributions by established scholars. Challenging contributions revisit Marshall's view on the management of innovation, investigate the decision of firms to venture into...

In their very informative paper on electricity demand responses in South Africa, Louw et al. [2008. Determinants of electricity demand for newly electrified low-income African households. Energy Policy 36(8), 2814-2820] assert that the price of electricity shows too little variation across...

Effectiveness of real-time electricity prices depends upon consumers being willing to subscribe to them and being able to curb their consumption levels. The present paper addresses both issues by considering consumers differentiated by their saving costs in the stylized real-time pricing model...

Economists Oz Shy introduced the definition of undercut-proof property (“UPP”) prices in a model of Bertrand competition involving loyal consumers (‘A quick-and-easy method for estimating switching costs’, International Journal of Industrial Organization, Vol. 20, pp. 71-87, 2002)....

Face au ralentissement des ventes de véhicules, le « Pacte automobile » mobilise 9 milliards d’euros pour venir en aide aux constructeurs français. L’enjeu est triple : soutenir à court terme la demande et l’emploi, assurer l’avenir d’une industrie stratégique au regard des...

In time series macroeconometric models, the first difference in the logarithm of a variable is routinely used to represent the rate of change of that variable. It is often overlooked that the assumed approximation is accurate only if the rates of change are small. Models of hyper-inflation are a...