Showing 1 - 10 of 16
This paper characterizes price competition between an expert and a non-expert. In contrast with the expert, the non-expert’s repair technology is not always successful. Consumers visit the expert after experiencing an unsuccessful match at the non-expert. This re-entry affects the behaviour of...
Persistent link: https://www.econbiz.de/10005662068
This paper studies the barriers to the diffusion of development across countries over the very long-run. We find that … culturally transmitted characteristics - can affect income differences by creating barriers to the diffusion of innovations, even … 'barriers' interpretation. …
Persistent link: https://www.econbiz.de/10005666850
Detailed notes on weekly meetings of the sugar-refining cartel show how communication helps firms collude, and so …
Persistent link: https://www.econbiz.de/10005504565
, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i … communication and substantial employee discretion. (iii) Broad task assignments and intensive horizontal communication are … complementary. Hence, lower communication costs often result in less specialization. …
Persistent link: https://www.econbiz.de/10005497860
communication flows serve as important channels of diffusion. The analysis is based on examining the productivity effects of R …
Persistent link: https://www.econbiz.de/10005497902
in quantity and quality of output. We use data from a controlled field experiment that changed the communication of the …
Persistent link: https://www.econbiz.de/10011084038
We use experiments to analyze what type of communication is most effective in achieving cooperation in a simple … collusion game. Consistent with the existing literature on communication and collusion, even minimal communication leads to a … strategies, this initial burst of collusion rapidly collapses. When unlimited pre-game communication is allowed via a chat window …
Persistent link: https://www.econbiz.de/10008558586
How large are spatial barriers to transferring knowledge? We analyze the international operations of multinational … either embodied (traded intermediates) or disembodied form (direct communication). Knowledge transfer costs interact with the …
Persistent link: https://www.econbiz.de/10008558594
The openness of central bank decision making has recently received new attention in the literature. It has been argued that more openness reduces uncertainty for players on financial markets and makes future decisions more transparent. In this Paper I argue that the opposite may be the case. The...
Persistent link: https://www.econbiz.de/10005656444
We examine monetary policy in the euro area from both theoretical and empirical perspectives. We discuss what theory tells us the strategy of Central banks should be and contrasts it with the one employed by the ECB. We review accomplishments (and failures) of monetary policy in the euro area...
Persistent link: https://www.econbiz.de/10005791458