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I develop a model of monopolistic competition in which I distinguish between niche markets and mass markets, in the … spirit of Holmes and Stevens (2013). Firms choose between entering a small niche market with high markups or a large mass … market with low markups. Entry costs have a much greater impact on output in the niche market as the gains to specialization …
Persistent link: https://www.econbiz.de/10010796082
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This paper uses the OECD's indicators of product market regulation to assess the extent to which the regulatory … environment affects economic performance across Indian states. The degree to which product market regulation is supportive of … regulation have a significant impact on both labour and total factor productivity. States in which the regulatory environment …
Persistent link: https://www.econbiz.de/10012445595
Modern paper currency contributes little to productive investment. This shortcoming is not inherent to paper money. It stems from the fact that such money is monopolistically supplied by public monetary authorities that are poor intermediaries. Commercial banknotes, in contrast, are just as...
Persistent link: https://www.econbiz.de/10014222811
I introduce patents into a general equilibrium model of innovation, where innovators choose between creating a new product market and competing in an existing market. Patent holders demand royalties from sequential innovators, but are constrained by the ability of innovators to work around...
Persistent link: https://www.econbiz.de/10010796067
In an influential paper Mankiw, Romer, and Weil (1992) argue that the evidence on the international disparity in per-capita income levels and growth rates is consistent with a standard Solow model, once it has been augmented to include human capital as an accumulable factor. In a study on...
Persistent link: https://www.econbiz.de/10010291916
Den Schwerpunkt dieses Discussion Papers bildet eine Effizienzanalyse landwirtschaftlicher Unternehmen Sachsen-Anhalts und Tschechiens. Mittels der Data Envelopment Analysis, einer nicht-parametrischen, auf linearer Programmierung basierenden Methode der Effizienzmessung, wurden die technischen,...
Persistent link: https://www.econbiz.de/10010299343
"Дискуссионные материалы" анализируют техническую эффективность и эффективность в зависимости от масштаба российских аграрных предприятий в...
Persistent link: https://www.econbiz.de/10010299346
В данном дискуссионном материале представлены результаты проводимого в 2003 году анкетирования по основным экономическим вопросам в 104 сельскохозяйст- венных...
Persistent link: https://www.econbiz.de/10010299355
"Дискуссионные материалы" анализируют изменение эффективности и общей продуктивности факторов (англ. total factor productivity, TFP) крупных сельскохозяйственных...
Persistent link: https://www.econbiz.de/10010299409