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Direct and Indirect Network Effects are Equivalent: A Comment on “Direct and Indirect Network Effects: Are They Equivalent?”

Church, Jeffrey; Gandal, Neil - C.E.P.R. Discussion Papers - 2012

do not, in the case of indirect network effects, make standardization more likely, but (ii) indirect network effects are … associated with excessive standardization. We show in Clements’ framework that neither of these results are correct …: standardization is more likely as the number of software firms increases and when the type of market equilibrium is unique— there are …

Persistent link: https://www.econbiz.de/10011084429

Legal Evolution, Contract Evolution, and Standardization

Gennaioli, Nicola; Perotti, Enrico C; Ponzetto, Giacomo AM - C.E.P.R. Discussion Papers - 2014

law matures. Contract standardization avoids this cost, statically improving enforcement; but it crowds out innovative …

Persistent link: https://www.econbiz.de/10011084669

Network Effects, Standardization, and the Internet: What Have We Learned From The DVD Vs. DIVX Battle?

Dranove, David; Gandal, Neil - C.E.P.R. Discussion Papers - 1999

standardization, that is, left alone the market may fail to achieve standardization when it is socially desirable and (2) even if the …

Persistent link: https://www.econbiz.de/10005666918

The Rules of Standard Setting Organizations: An Empirical Analysis

Chiao, Benjamin; Lerner, Josh; Tirole, Jean - C.E.P.R. Discussion Papers - 2007

This paper empirically explores standard-setting organizations’ policy choices. Consistent with Lerner-Tirole (2006), we find (a) a negative relationship between the extent to which an SSO is oriented to technology sponsors and the concession level required of sponsors and (b) a positive...

Persistent link: https://www.econbiz.de/10005792070

Structural Adjustment, Efficiency, and Economic Growth

Gylfason, Thorvaldur - C.E.P.R. Discussion Papers - 1994

This paper is intended to make four main points that are relevant for previously planned economies in transition to a market economy. First, national output can be increased by reducing or eliminating relative price distortions through price reform and free trade and by thus enhancing...

Persistent link: https://www.econbiz.de/10005504204

Neoclassical Growth and Commodity Trade

Cuñat, Alejandro; Maffezzoli, Marco - C.E.P.R. Discussion Papers - 2002

We construct and numerically solve a dynamic Heckscher-Ohlin model in which the initial distribution of production factors in the world makes worldwide factor price equalization impossible, and leads countries to group in two diversification cones. We study the dynamics of income per capita and...

Persistent link: https://www.econbiz.de/10005504435

Natural Resources and Economic Growth: From Dependence to Diversification

Gylfason, Thorvaldur - C.E.P.R. Discussion Papers - 2004

This Paper reviews the relationship between natural resource dependence and economic growth, and stresses how natural capital intensity tends to crowd out foreign capital, social capital, human capital, physical capital, and financial capital, thereby impeding economic growth across countries....

Persistent link: https://www.econbiz.de/10005504445

Who is Afraid of Political Instability?

Campos, Nauro F - C.E.P.R. Discussion Papers - 2000

An unstable macroeconomic environment is often regarded as detrimental to economic growth. Among the sources contributing to such instability, the literature has assigned most of the blame to political issues. This paper empirically tests for a causal and negative long-term relationship between...

Persistent link: https://www.econbiz.de/10005504467

Natural Resources and Economic Growth: The Role of Investment

Gylfason, Thorvaldur; Zoega, Gylfi - C.E.P.R. Discussion Papers - 2001

Empirical evidence seems to indicate that economic growth since 1965 has varied inversely with natural resource abundance across countries. This Paper proposes a linkage between abundant natural resources and economic growth, through saving and investment. When the share of output that accrues...

Persistent link: https://www.econbiz.de/10005504629

Privatization, Efficiency and Economic Growth

Gylfason, Thorvaldur - C.E.P.R. Discussion Papers - 1998

Privatization is shown to increase national economic output in a two-sector full-employment general-equilibrium model by enhancing efficiency as if a relative price distortion were being removed through price reform, trade liberalization, or stabilization. The static output gain from...

Persistent link: https://www.econbiz.de/10005504670