We investigate the effects of forward looking behavior in technology adoption. The setup is an overlapping generation model where agents choose between two alternative networks taking in consideration both the installed base and the expected base. The latter element is the distinctive feature of...

In this paper, we study the identification and estimation of a dynamic discrete game allowing for discrete or continuous state variables. We first provide a general nonparametric identification result under the imposition of an exclusion restriction on agent payoffs. Next we analyze large sample...

Two new evolutionary game models are presented where ownership and trade emerge from anarchy as evolutionary stable strategies. In these models, ownership status provides an endogenous asymmetrizing criterion enabling cheaper resolution of property conflicts

Two new evolutionary game models are presented where ownership and trade emerge from anarchy as evolutionary stable strategies. In these models, ownership status provides an endogenous asymmetrizing criterion enabling cheaper resolution of property conflicts

This paper reviews recent methodological developments in the empirical analysis of imperfectly competitive markets highlighting outstanding problems. Some of these problems are econometric; e.g. the need for a deeper understanding of the small sample properties of our estimators. Most of the...

The present paper provides an overview of literature on the shift to services. It follows the three dimensions of structural change - final demand, the inter-industry division of labor and inter-industry productivity differences. It first looks at the ?classics?, however (Fisher (1935), Clark...

Digitalisierung auf Unternehmensebene ist längst praktischer Bestandteil strategischer Planungen und Umsetzungen. Dabei lassen sich spezifische Auswirkungen auf das Produktivitätswachstum oder die Beschäftigung anhand von Produzenten-Kunden-Beziehungen aufzeigen. Mit Blick auf das...

Die Digitalisierung bringt weitreichende Veränderungen für Unternehmen, Beschäftigte und Verbraucher mit sich. Sie hat Auswirkungen auf nahezu alle Bereiche des wirtschaftlichen Handelns. Die damit verbundenen Veränderungen in Wirtschaft und Gesellschaft stellen die Wirtschaftspolitik vor...

The report's main objective is to assess the role that competition has played in the weak development of R&D investments in the Finnish corporate sector in the 2010s. The data suggest that the degree of competition relates to differences in Finland's industry-level R&D-intensity developments in...

This paper reviews the literature on the economics of intellectual property rights (IPR), with a particular focus on the main industrial property rights of patents and trade marks. Intellectual property rights arise from the legal protection accorded to certain inventions or creations. We begin...