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The quality of a marriage depends on the proximity of a collective action to a unknown target. Individuals receive private signals about the target, and can communicate them only imperfectly to their spouses. Because of imperfect communication, spouses may hold different beliefs about the...
Persistent link: https://www.econbiz.de/10005393050
Numerous studies have shown that, within industries, the propensity to perform R&D and the amount of R&D conducted by performers are closely related to the size of the firm, while R&D productivity declines with firm size. These findings have been widely interpreted to indicate that there is no...
Persistent link: https://www.econbiz.de/10005393309
Persistent link: https://www.econbiz.de/10005232108
We use new data on the location and background of entrants into the US tyre industry to analyse why the industry became so regionally concentrated around Akron, Ohio, a small city with no compelling advantages for tyre production. We analyse where the Ohio entrants originated and conduct various...
Persistent link: https://www.econbiz.de/10005570696