Showing 1 - 10 of 49
We briefly review the rationale behind technological alliances and provide a snapshot of their role in global … between technology alliances, competition policy, and industrial policy. …
Persistent link: https://www.econbiz.de/10012142303
We investigate the role of networks of military alliances in preventing or encouraging wars between groups of countries …, we show that there do not exist any networks that are stable against the addition and deletion of alliances. We then show … that economic benefits from international trade can provide incentives to form alliances in ways that restore stability and …
Persistent link: https://www.econbiz.de/10010350454
In a society composed of a ruler and its citizens: what are the determinants of the political equilibrium between these two? This paper approaches this problem as a game played between a ruler who has to decide the distribution of the aggregate income and a group of agents/citizens who have the...
Persistent link: https://www.econbiz.de/10011600156
We analyze delistings from European stock exchanges 1995-2005 as a function of market conditions, firm effects and governance regulation. We find that investor protection and corporate governance quality reduce the likelihood of going private, bankrupt or liquidated, but increase the likelihood...
Persistent link: https://www.econbiz.de/10012142330
Innovative startups are frequently acquired by large incumbent firms. On the one hand, these acquisitions provide an … startups just to "kill" their ideas, and acquisitions can erode incumbents' own innovation incentives. Our paper aims to assess … the net effect of these forces. To do so, we build an endogenous growth model with heterogeneous firms and acquisitions …
Persistent link: https://www.econbiz.de/10013465631
This paper investigates informal employment in Brazil's highly regulated labor market, focusing on the intensive margin of informality within formal firms. Using a comprehensive dataset of labor audits conducted from 1997 to 2012, we find that formal firms caught with informal workers face...
Persistent link: https://www.econbiz.de/10015144150
The nexus between fi?rm growth, size and age in U.S. manufacturing is examined through the lens of quantile regression models. A number of interesting features are unveiled that linear frameworks could not detect. Size pushes both low and high performing firms towards the median rate of growth,...
Persistent link: https://www.econbiz.de/10010380623
In this paper, we tackle the dilemma of pruning versus proliferation in a vertically differentiated oligopoly under the assumption that some firms collude and control both the range of variants for sale and their corresponding prices, likewise a multiproduct firm. We analyse whether pruning...
Persistent link: https://www.econbiz.de/10011451580
We investigate whether greater microeconomic flexibility facilitates the process of creative destruction in the context of new trade models with heterogeneous firms (Bernard et al., 2003 and Melitz, 2003). In these models, freer trade increases aggregate productivity because high-efficiency...
Persistent link: https://www.econbiz.de/10011294495
either a whole market alliance or partial alliances made of subsets of consecutive firms in order to collude in prices … in which alliances can set endogenously qualities, prices and number of variants on sale. I show that, in every formed …
Persistent link: https://www.econbiz.de/10011660599