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Peitz, Martin; Rady, Sven; Trepper, Piers - C.E.P.R. Discussion Papers - 2011

We study optimal experimentation by a monopolistic platform in a two-sided market framework. The platform provider faces uncertainty about the strength of the externality each side is exerting on the other. It maximizes the expected present value of its profit stream in a continuous-time...

Persistent link: https://www.econbiz.de/10009371477

Optimal Target Criteria for Stabilization Policy

Giannoni, Marc; Woodford, Michael - C.E.P.R. Discussion Papers - 2010

This paper considers a general class of nonlinear rational-expectations models in which policymakers seek to maximize an objective function that may be household expected utility. We show how to derive a target criterion that is: (i) consistent with the model's structural equations, (ii) strong...

Persistent link: https://www.econbiz.de/10008468673

Choosing the Wrong Calling Plan? Ignorance, Learning, and Risk Aversion

Miravete, Eugenio J - C.E.P.R. Discussion Papers - 2000

. More importantly, the evidence shows that there exist important learning effects that induce tariff switching in order to …

Persistent link: https://www.econbiz.de/10005136773

Dams

Duflo, Esther; Pande, Rohini - C.E.P.R. Discussion Papers - 2005

The construction of large dams is one of the most costly and controversial forms of public infrastructure investment in developing countries, but little is known about their impact. This paper studies the productivity and distributional effects of large dams in India. To account for endogenous...

Persistent link: https://www.econbiz.de/10005656412

Development Uncorked: Reputation Acquisition in the New Market for Chilean Wines in the UK

Macchiavello, Rocco - C.E.P.R. Discussion Papers - 2010

This paper studies learning effects in new markets using a panel of relationships between Chilean wineries and …. The evidence suggests that learning about wineries is an important determinant of the positive age effects on FOB prices … but also that learning takes considerably long time. Policy implications are discussed. …

Persistent link: https://www.econbiz.de/10008468665

To Charge or Not to Charge: Evidence from a Health Products Experiment in Uganda

Fischer, Greg; Karlan, Dean S.; McConnell, Margaret; … - C.E.P.R. Discussion Papers - 2014

model combining the learning aspect of experience goods with reference-dependent preferences, we setup a field experiment in … Northern Uganda in which three health products differing in their scope for learning were initially offered either for free or … for sale at market prices. In line with prior studies, when the product has potential for positive learning, we do not …

Persistent link: https://www.econbiz.de/10011083717

Wages and Productivity Growth in a Competitive Industry

Bester, Helmut; Petrakis, Emmanuel - C.E.P.R. Discussion Papers - 1998

Our model studies the evolution of productivity growth in a competitive industry. The exogenous wage rate determines the firms' engagement in labour productivity enhancing process innovation. There is a unique steady state of the industry dynamics, which is globally stable. In the steady state,...

Persistent link: https://www.econbiz.de/10005791341

R&D Policies, Trade and Process Innovation

Haaland, Jan I.; Kind, Hans Jarle - C.E.P.R. Discussion Papers - 2004

We set up a simple trade model with two countries hosting one firm each. The firms invest in cost-reducing R&D, and each government may grant R&D subsidies to the domestic firm. We show that it is optimal for a government to provide higher R&D subsidies the lower the level of trade costs, even...

Persistent link: https://www.econbiz.de/10005497968

Simultaneous Choice of Process and Product Innovation

Rosenkranz, Stephanie - C.E.P.R. Discussion Papers - 1996

This paper investigates the strategic decisions of two identical duopolists, who choose production technology as well as product differentiation through their R&D investment. The product market is characterized by heterogeneous Cournot competition. Firms have an incentive to invest in both...

Persistent link: https://www.econbiz.de/10005136783

Innovation Complimentarity and Scale of Production

Miravete, Eugenio J; Pernías, Jose C - C.E.P.R. Discussion Papers - 2004

This Paper is an empirical study on the existence of complementarity between product and process innovation. We present an econometrically feasible model that uses the information contained in the innovation profile of each firm to test for the existence of complementarity among production and...

Persistent link: https://www.econbiz.de/10005123646