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Competition, imitation, and R&D productivity in a growth model with sector-specific patent protection
Mosel, Malte - 2010
Recent empirical studies suggest a need for a flexible patent regime responding to industry characteristics. In practice, sector-specific modifications of patent strength already exist but lack theoretical foundation. This paper intends to make up for this neglect by scrutinizing in what...
Persistent link: https://www.econbiz.de/10010270491
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Rent Seeking, Capital Accumulation, and Macroeconomic Growth
Heijdra, Ben J.; Heijnen, Pim - 2023
We study the effects of time-using rent-seeking activities on the macroeconomic allocation and the economic growth rate. We formulate a highly stylized three-sector general equilibrium model with overlapping generations of individuals. The production side features one sector producing the...
Persistent link: https://www.econbiz.de/10014469320
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Stimulating Long-Term Growth and Welfare in the U.S.
Malley, James; Philippopoulos, Apostolis; Malley, Jim - 2023
and welfare gains along the transition and balanced growth paths. In contrast, a lower markup in the research sector hurts … innovation, leading to lower growth over both paths and welfare losses along the transition. …
Persistent link: https://www.econbiz.de/10014469397
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Distributive justice and social conflict in an AK model
Tsoukis, Chris; Itaya, Jun-ichi - 2019
We introduce distributive justice into a simple model of growth and distribution. Two groups (‘classes’) of otherwise identical, capital-rich and capital-poor individuals (‘capitalists’) and (‘workers’) are in conflict over factor (labour-capital) shares. Capitalists’ (workers’)...
Persistent link: https://www.econbiz.de/10012018292
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Distributive Justice and Social Conflict in an Ak Model
Tsoukis, Christopher - 2019
We introduce distributive justice into a simple model of growth and distribution. Two groups (‘classes’) of otherwise identical, capital-rich and capital-poor individuals (‘capitalists’) and (‘workers’) are in conflict over factor (labour-capital) shares. Capitalists’ (workers’)...
Persistent link: https://www.econbiz.de/10012871763
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Modeling institutions, start-ups and productivity during transition
Brixiova, Zuzana; Égert, Balázs - 2010
The transition paths from plan to market have varied markedly across countries. Central and Eastern European and the … firms at an earlier stage of transition, underscoring the importance of reforms. The role of the state sector as an employer … during transition rises in countries where reforming institutions is particularly costly. …
Persistent link: https://www.econbiz.de/10010273819
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Good institutions are not enough: Ongoing challenges of East German development
Carlin, Wendy - 2010
A major theme in accounts of the transitional recession and delayed convergence in post-communist economies is the role of institutions. Yet via unification, East Germany had immediate access to credible, high quality institutions. This paper argues that success in a capitalist economy depends...
Persistent link: https://www.econbiz.de/10010274948
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The End of Tourist Traps: A Natural Experiment on the Impact of Tripadvisor on Quality Upgrading
Donati, Dante - 2022
Asymmetric information can distort market outcomes. I study how the online disclosure of information affects consumers' behavior and firms' incentives to upgrade product quality in markets where information is traditionally limited. I first build a model of consumer search with firms' endogenous...
Persistent link: https://www.econbiz.de/10013353446
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Let's Switch to the Cloud: Cloud Adoption and Its Effect on IT Investment and Productivity
Duso, Tomaso; Schiersch, Alexander - 2022
The advent of cloud computing promises to improve the way firms utilize IT solutions. Firms are expected to replace large and inflexible fixed-cost investments in IT with more targeted variable spending in cloud solutions. In addition, cloud usage is expected to increase the productivity of...
Persistent link: https://www.econbiz.de/10013427730
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Price Equilibrium with Selling Constraints
Moraga-González, José L.; Watanabe, Makoto - 2023
This paper studies how selling constraints, which refer to the inability of firms to attend to all the buyers who want to inspect their products, affect the equilibrium price and social welfare. We show that the price that maximizes social welfare is greater than the marginal cost. This is...
Persistent link: https://www.econbiz.de/10014377557