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competition. For reasonable parameter values product market deregulation fosters growth substantially more in the flexible than in …
Persistent link: https://www.econbiz.de/10011412718
competition. For reasonable parameter values product market deregulation fosters growth substantially more in the flexible than in …
Persistent link: https://www.econbiz.de/10013320443
Collective dismissal costs are an important part of employment protection legislation (EPL) and make firms' exit more costly. We show in a model with step-by-step innovations that dismissal costs spur innovation if product markets are not too competitive: technologically more advanced firms...
Persistent link: https://www.econbiz.de/10013319705
competition. For reasonable parameter values product market deregulation fosters growth substantially more in the flexible than in …
Persistent link: https://www.econbiz.de/10010262692
marketing expenditure. Although promotional activity is modelled as purely wasteful competition among firms for attention, it …
Persistent link: https://www.econbiz.de/10011509334
The present paper takes a geometric approach to characterize the competitive forces behind innovation and dynamic general equilibria determination in the model of growth through creative destruction constructed by Aghion and Howitt (1992). All the essentials can be comprehended intuitively from...
Persistent link: https://www.econbiz.de/10013038281
marketing expenditure. Although promotional activity is modelled as purely wasteful competition among firms for attention, it …
Persistent link: https://www.econbiz.de/10001784193
In this study, we examine the nature of Schumpeterian competition between entrants and incumbents. We argue that … together, we develop a framework of four distinct potential scenarios of Schumpeterian competition. In particular, we emphasize …
Persistent link: https://www.econbiz.de/10012870790
We examine the economic analysis of the relationship between innovation and product market competition. First, we give … idea that innovation rises and then eventually falls as the intensity of competition increases. Thirdly, we look at recent … applications and development of the framework in the areas of competition policy, international trade and structural Industrial …
Persistent link: https://www.econbiz.de/10012799785
This paper studies the relationship between optimal prizes and scarcity of ideas in innovation contests. We consider a model where both ideas and effort are integral parts of the innovation process. Contest participants are privately informed about their idea quality. We introduce a new...
Persistent link: https://www.econbiz.de/10013324416