Similar Search Results

Input and Technology Choices in Regulated Industries: Evidence From the Health Care Sector

Acemoglu, Daron; Finkelstein, Amy - National Bureau of Economic Research (NBER) - 2006

This paper examines the implications of regulatory change for the input mix and technology choices of regulated industries. We present a simple neoclassical framework that emphasizes the change in relative factor prices associated with the regulatory change from full cost to partial cost...

Persistent link: https://www.econbiz.de/10005050010

Back to Basics: Basic Research Spillovers, Innovation Policy and Growth

Akcigit, Ufuk; Hanley, Douglas; Serrano-Velarde, Nicolas - National Bureau of Economic Research (NBER) - 2013

This paper introduces a model of endogenous growth through basic and applied research. Basic research differs from applied research in the nature and the magnitude of the generated spillovers. We propose a novel way of empirically identifying these spillovers and embed them in a general...

Persistent link: https://www.econbiz.de/10010821771

What Do We Learn From Schumpeterian Growth Theory?

Howitt, Peter; Aghion, Philippe; Akcigit, Ufuk - National Bureau of Economic Research (NBER) - 2013

addressed by alternative theories. In this survey, we focus on four important aspects, namely: (i) the role of competition and …

Persistent link: https://www.econbiz.de/10010951386

Organizing Growth

Rossi-Hansberg, Esteban; Garicano, Luis - National Bureau of Economic Research (NBER) - 2007

innovation. Agents accumulate knowledge through two activities: innovation (discovering new technologies) and exploitation …

Persistent link: https://www.econbiz.de/10005580091

International R&D Spillovers and Institutions

Helpman, Elhanan; Hoffmaister, Alexander W.; Coe, David T. - National Bureau of Economic Research (NBER) - 2008

The empirical analysis in "International R&D Spillovers" (Coe and Helpman, 1995) is first revisited by applying modern panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study. The new estimates confirm the key results reported in...

Persistent link: https://www.econbiz.de/10005830194

Catch-up and Fall-back through Innovation and Imitation

Benhabib, Jess; Perla, Jesse; Tonetti, Christopher - National Bureau of Economic Research (NBER) - 2012

frontier? This paper models agents growing as a result of investments in innovation and imitation. Imitation facilitates …

Persistent link: https://www.econbiz.de/10011271400

Collusion at the Extensive Margin

Byford, Martin C.; Gans, Joshua S. - National Bureau of Economic Research (NBER) - 2014

more likely to hold than its intensive margin counterpart. Specifically, it is demonstrated that Where duopoly competition … oligopolistic competition with a collusive fringe, and predatory entry. We also provide a theoretic foundation for the use of a …

Persistent link: https://www.econbiz.de/10011240566

Search Frictions and Market Power in Negotiated Price Markets

Allen, Jason; Clark, Robert; Houde, Jean-François - National Bureau of Economic Research (NBER) - 2014

This paper develops and estimates a search and bargaining model designed to measure the welfare loss associated with frictions in oligopoly markets with negotiated prices. We use the model to quantify the consumer surplus loss induced by the presence of search frictions in the Canadian mortgage...

Persistent link: https://www.econbiz.de/10010821788

Price Cutting and Business Stealing in Imperfect Cartels

Bernheim, B. Douglas; Madsen, Erik - National Bureau of Economic Research (NBER) - 2014

Though economists have made substantial progress toward formulating theories of collusion in industrial cartels that account for a variety of fact patterns, important puzzles remain. Standard models of repeated interaction formalize the observation that cartels keep participants in line through...

Persistent link: https://www.econbiz.de/10010796588

Internal versus External Growth in Industries with Scale Economies: A Computational Model of Optimal Merger Policy

Nocke, Volker; Whinston, Michael; Mermelstein, Ben; … - National Bureau of Economic Research (NBER) - 2014

computationally, allows firms to invest or propose mergers according to the relative profitability of these strategies. An antitrust … authority is able to block mergers at some cost. We examine the optimal policy when the antitrust authority can commit to a … antitrust authority. We find that optimal policy can differ substantially from what would be best considering only welfare in …

Persistent link: https://www.econbiz.de/10010796712