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Using data from the US automobile market, we empirically examine the link between competition and innovation … interesting market to examine the link between competition and innovation. We use firm-level time-series data over a long horizon …. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the US market's economic …
Persistent link: https://www.econbiz.de/10011342391
and merchants that allow the collection of profiling information which drives innovation and welfare. Private incentives … competition between two platforms to study private and social incentives to share information. Sharing information can be welfare … price regulation over information sharing like the one applied in the EU jurisdiction increases the incentives of big …
Persistent link: https://www.econbiz.de/10014365917
We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …
Persistent link: https://www.econbiz.de/10010189836
What is the social value of innovations in Schumpeterian growth models? This issue is tackled by introducing the concept of Lindahl equilibrium in a standard endogenous growth model with vertical innovations which is extended by explicitly considering knowledge diffusion on a Salop (1979)...
Persistent link: https://www.econbiz.de/10010252161
This paper analyzes the link between the fact that fully endogenous growth models exhibit (or not) the non-desirable scale effects property and assumptions regarding the intensity of knowledge diffusion. In that respect, we extend a standard Schumpeterian growth model by introducing explicitly...
Persistent link: https://www.econbiz.de/10011515411
Regulators have long been aware of the social aspects of communication. In the past, regulated monopolists have provided Universal Service Obligations, typically funded via a system of cross-subsidies. In this paper, we first review the rationale for imposing Universal Service Obligations, based...
Persistent link: https://www.econbiz.de/10011409371
mechanisms’ implications for productivity, innovation, and policy. …
Persistent link: https://www.econbiz.de/10015333392
levels and that higher innovation intensity and greater openness result in higher MFP. We also find that the impact of …
Persistent link: https://www.econbiz.de/10011624243
explain them. We then describe a theoretical framework of endogenous markups, innovation, and competition that can potentially …
Persistent link: https://www.econbiz.de/10012104042
. Importantly, the theoretical model captures the strategic behavior between competing firms, its effect on their innovation …
Persistent link: https://www.econbiz.de/10012104132