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Persistent link: https://www.econbiz.de/10002707795
Employment growth is strongly predicted by smaller average establishment size, both across cities and across industries within cities, but there is little consensus on why this relationship exists. Traditional economic explanations emphasize factors that reduce entry costs or raise...
Persistent link: https://www.econbiz.de/10013039335
The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...
Persistent link: https://www.econbiz.de/10011688202
propose estimating nested logit demand models, using household panel data to automate the assignment of products to nests. Our …
Persistent link: https://www.econbiz.de/10014287331
We build a model of firm entry and exit and show how returns to scale shape firm survival, the equilibrium productivity … and size distributions and firm concentration. High productivity dispersion and high concentration ratios need not reflect … productivity dispersion across establishments. Indeed, industries with lower returns to scale are characterized by higher …
Persistent link: https://www.econbiz.de/10012970040
Are we underestimating the costs of patent protection? Scholars have long recognized that patent law is a double … past, policymakers striving to balance the costs and benefits of patents have analyzed patent law through the lens of … effect of patent law has been systematically overlooked. This Article begins to fill this void and demonstrates that …
Persistent link: https://www.econbiz.de/10014149151
We develop a model of entrepreneurial innovation for entry and sale into oligopoliessuitable for welfare analysis. We show that the expected consumer welfare can be higherunder commercialization by sale than under commercialization by entry despite increasedmarket power in the product market....
Persistent link: https://www.econbiz.de/10014186478
Spurred by the success of the IBM PC, in the early 1980s, a new form of organization—the digital platform ecosystem—became common in all industries that used digital technology. Digital platform ecosystems were vertically distintegrated organizations, characterized by distributed governance,...
Persistent link: https://www.econbiz.de/10013221447
data (~3.63 million applications) from three different United States Patent and Trademark Office (USPTO) sources - Patent … patenting process. We analysed cross sectional and temporal variation in the patent issue rates, entry pend-ency, office actions …, Korea (South), Taiwan, China and India).The patent issue rate differed substantially between technology centers and …
Persistent link: https://www.econbiz.de/10014032064
Biotech revolution changed the pharmaceutical industry, triggering a wave of risky collaborations between rivals. Based on the research findings, we answer the question why cooperation in the field of immuno-oncology is a better strategy for Pfizer and Merck KGaA, which aim to achieve...
Persistent link: https://www.econbiz.de/10012944707