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observed price patterns. The high volatility results from high uncertainty about the average productivity of a new technology …. Investors learn about this productivity before deciding whether to adopt the technology on a large scale. For technologies that … railroad technology by the late 1850s. …
Persistent link: https://www.econbiz.de/10005067467
potential suppliers generate and sell the most suitable innovation. Moreover, procurement by public agencies and large firms … the degree of competition between suppliers, as well as other more practical indirect ways to stimulate innovation. We … discuss the effects of standard setting activities by large, often public, procurers on innovation races. We evaluate how …
Persistent link: https://www.econbiz.de/10005791875
propose a new methodology to deal with transaction prices and to estimate the effect of alliances in the US domestic market …
Persistent link: https://www.econbiz.de/10011165655
We study from both a theoretical and an empirical perspective how a network of military alliances and enmities affects … the intensity of a conflict. The model combines elements from network theory and from the politico-economic theory of … complex network of informal alliances and rivalries. We estimate the fighting externalities, and use these to infer the extent …
Persistent link: https://www.econbiz.de/10011145465
We consider an empirical model of worldwide airlines’ alliances that we apply to a large set of companies for the … current alliances' pricing habits are not uniform and range from individual Nash to more competitive behaviours. …
Persistent link: https://www.econbiz.de/10005666444
In this paper we characterize a situation in which non-calculative trust has to play a role in the decision to … incentives while the trustful (and thus non-calculative) aspect of the decision is related to the framing of the situation. …
Persistent link: https://www.econbiz.de/10005792217
We measure the impact of a drastic new technology for producing steel, the minimill, on the aggregate productivity of U …'s productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills displaced the older … technology, called vertically integrated production, and this reallocation of output was responsible for a third of the increase …
Persistent link: https://www.econbiz.de/10011083447
Poor countries must specialize in standardized, labour-intensive commodities. Middle-income countries may have a richer menu of options available to them if their labour force is reasonably well-educated and skilled. This paper is motivated by the possibility that there may exist multiple...
Persistent link: https://www.econbiz.de/10005067410
hours worked rise or fall when technology improves. Recent literature finds that when hours per person enter the VAR in … following a technology improvement. The issue is the common high-low-high pattern of hours per capita and productivity growth …
Persistent link: https://www.econbiz.de/10005067465
We review the literature on the links between technology and international trade. The older literature assumed … technological change. We deal with technological change that results from learning by doing and from innovation, and we describe the … relationship between each one of these forms of change in technology with international trade. Apart from integrating much of the …
Persistent link: https://www.econbiz.de/10005067514