We study two-stage political contests with private entry costs. We show that these political contests could be ineffective, namely, the chance of low ability candidates participating in the contest might be higher than the chance of high ability candidates participating in the contest (and...

This paper is aiming to obtain some relevant data regarding the technical and economical feasibility of emulsified fuels technology and to evaluate the profitability of its use as alternative combustibles for boilers. The first part of the paper presents the main results published in the open...

The recent rise in university-industry partnerships has stimulated an important public policy debate regarding how these relationships affect fundamental research. In this paper, we examine the antecedents and consequences of policies to promote university-industry alliances. Although the...

This paper studies the link between productivity, innovation and research and development investments at the firm level. We introduce three new features: (i) A structural model that explains productivity by innovation output, and innovation output by research and development investments; (ii)...

The main objective of this paper is to analyze the links between product market competition, innovation and growth. We capture the idea that firms innovate in order to try to escape - albeit temporarily - from the pressure of competition exerted on them by their rivals. At each date, an industry...

Has the economy fundamentally changed in the 1990s because of the introduction of information technology or is the impact of IT not so much "new" as larger than before? In this article, Barry Bosworth and Jack Triplett of the Brooking Institution examine this issue with a detailed analysis of...

Direct and country-specific measures of technical progress are used in order to analyse the effects of technology shocks on output fluctuations in the G7. Technology shocks are measured as the unpredicted component in the dynamics of innovation, on the basis of patent statistics provided by the...

Ulusal gelir o ülkenin vatandaşları tarafından yaratılan toplam katma değerdir. Bu nedenle katma değerin gerek üretici firmalar gerekse ülke için önemi büyüktür. Üretim teknolojisine ve üretim faktörlerine sahip olma açısından küreselleşmenin getirdiği imkanlar sayesinde...

This article develops a model, based on switching costs and technological uncertainty, which explains some aspects of the price dynamics of e-commerce. Switching costs and intertemporal cost correlation lock-in consumers. Firms initially charge low prices to build a customer base. If firms fail...

This paper analyzes innovation adoption when uncertainty about its profitability cannot be resolved immediately. Firms begin with a common estimate of the probability of high demand. If any adopts, all observe realized demand. An increase in the initial estimate can decrease the equilibrium...