In the U.S. real estate market, around 30 percent of listed properties remain unsold. We examine whether unsold property listings exert externalities in the housing market. Our study builds on a comprehensive dataset that encompasses residential property listings in Orange County (California)...

Studies about innovation find evidence of a positive relationship between technological advancement and firm performance, in particular when the innovative effort is continuous. This paper aims to further the analysis on the duration of R&D investment at the firm level. The contribution of this...

In the U.S. real estate market, around 30 percent of listed properties remain unsold. We examine whether unsold property listings exert externalities in the housing market. Our study builds on a comprehensive dataset that encompasses residential property listings in Orange County (California)...

Studies about innovation find evidence of a positive relationship between technological advancement and firm performance, in particular when the innovative effort is continuous. This paper aims to further the analysis on the duration of R&D investment at the firm level. The contribution of this...

The social rate of return of mobile broadband infrastructure is an important indicator for informing the allocation of public and private capital to the telecommunications sector, yet no estimates are currently available in the literature. The consensus in the literature is that to estimate the...

This paper analyses the nature of knowledge spillovers from research and development (R&D) in the field of liquid crystal display technology by estimating the impact of inventors' changing organizational and collaborative affiliations on the probability of citations in US patents filed between...

This paper empirically analyzes how households' PC purchasing behaviors change with market experience. We find that: households generally exhibit inertia in their PC purchases, the level of inertia is increasing as a function of experience on the PC market, and, for households switching brands,...

We investigate the relationship between outsourcing and profitability paying particular attention to the endogeneity of outsourcing. The empirical analysis uses unique plant level data for the electronics sector in Ireland. A particular feature of the data is that it records detailed information...

There have been a number of recent studies that examine the effects of learning-by-doing and the related intertemporal decisions of firms. Research concerning the DRAM market finds a 20% learning rate for each generation of semiconductors. Traditional wisdom says the benefit from learning a...