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Product versus Process : Innovation Strategies of Multi-Product Firms

Flach, Lisandra - 2015

We investigate the effect of better access to foreign markets on innovation strategies of multi-product firms in industries with different scope for product differentiation. Industry-specific demand and cost linkages induce a distinction between the returns to innovation. In differentiated...

Persistent link: https://www.econbiz.de/10013020507

Market Depth, Leverage, and Speculative Bubbles

Enders, Zeno - 2019

We develop a model of rational bubbles based on leverage and the assumption of an imprecisely known maximum market size. In a bubble, traders push the asset price above its fundamental value in a dynamic way, driven by rational expectations about future price developments. At a previously...

Persistent link: https://www.econbiz.de/10012899999

Selling Strategic Information in Digital Competitive Markets

Bounie, David - 2018

This paper investigates the strategies of a data broker in selling information to one or to two competing firms that can price-discriminate consumers. The data broker can strategically choose any segment of the consumer demand (information structure) to sell to firms that implement third-degree...

Persistent link: https://www.econbiz.de/10012914903

A Market for Connections

Miettinen, Topi - 2012

Government or company decisions on whom to hire are mostly delegated to politicians, public sector officials or human resources and procurement managers. Due to anti-corruption laws, agents cannot sell contracts or positions that they are delegated to decide upon. Even if bribing is ruled out,...

Persistent link: https://www.econbiz.de/10013106547

Characterizing the Sustainability Problem in an Exhaustible Resource Model

Mitra, Tapan; Asheim, Geir B.; Buchholz, Wolfgang; … - 2021

The Dasgupta-Heal-Solow-Stiglitz model of capital accumulation and resource depletion poses the following sustainability problem: is it feasible to sustain indefinitely a level of consumption that is bounded away from zero? We provide a complete technological characterization of the...

Persistent link: https://www.econbiz.de/10013315930

Value Function Iteration as a Solution Method for the Ramsey Model

Heer, Burkhard; Maussner, Alfred - 2021

Value function iteration is one of the standard tools for the solution of the Ramsey model. We compare six different ways of value function iteration with regard to speed and precision. We find that value function iteration with cubic spline interpolation between grid points dominates the other...

Persistent link: https://www.econbiz.de/10013316545

Market Potential and Global Growth over the Long Twentieth Century

Jacks, David S. - 2018

We examine the evolution of market potential and its role in driving economic growth over the long twentieth century. Theoretically, we exploit a structural gravity model to derive a closed-form solution for a widely-used measure of market potential. We are thus able to express market potential...

Persistent link: https://www.econbiz.de/10012910940

Market Size and TFP in New New Trade Theory

Felbermayr, Gabriel J.; Jung, Benjamin - 2021

Recent trade theory in the Krugman (1980) tradition predicts that countries with larger market size enjoy higher levels … market size and TFP. We argue that models with heterogeneous firms and selection help to reconcile theory and data. While … firms. To reconcile theory with data, we show that a lower degree of external economies of scale (EoS) is needed than what …

Persistent link: https://www.econbiz.de/10013315518

Entrepreneurship and Market Size - The Case of Young College Graduates in Italy

Di Addario, Sabrina Lucia; Vuri, Daniela - 2021

We analyze empirically the effects of urban agglomeration on Italian college graduates’ work possibilities as entrepreneurs three years after graduation. We find that each 100,000 inhabitant-increase in the size of the individual’s province of work reduces the chances of being an...

Persistent link: https://www.econbiz.de/10013316181

Concentration and Market Size : Lower Bound Estimates for the Brazilian Industry

Resende, Marcelo - 2021

The paper estimates the lower bound for market concentration taking as reference the framework advanced by Sutton (1991). Quantile regression methods were considered in the context of the Brazilian manufacturing industry in 2005 and separate estimates were obtained for exogenous and endogenous...

Persistent link: https://www.econbiz.de/10013316454

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