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Buyer-Optimal Information with Nonlinear Technology

Yang, Kai Hao - 2019

This paper explores the buyer-optimal information structures in a monopolistic screening context with nonlinear production technology. It shows that the buyer's optimal surplus may increase even when the production cost becomes more uncertain or when the efficient surplus decreases. Under a...

Persistent link: https://www.econbiz.de/10012896204

Endogenous growth and adverse selection in entrepreneurship

Plehn-Dujowich, Jose M. - In: Journal of economic dynamics & control 33 (2009) 7, pp. 1419-1436

Persistent link: https://www.econbiz.de/10003846772

Cream Skimming and Technological Innovations in Automobile Insurance Market

Fujii, Yoichiro; Nishizawa, Shuhei - 2023

This study examines the effects of cream skimming using telematics devices on the automobile insurance market. Insurers can directly monitor insureds’ cars for risky driving behaviors, such as speeding, hard braking, and quick acceleration. These observations make the information symmetric...

Persistent link: https://www.econbiz.de/10014258194

Innovation clusters effects on adoption of a general purpose technology under uncertainty

Iritié, Bi Goli Jean Jacques - 2018

This paper analyzes the effect of innovation clusters on the adoption of a gen- eral purpose technology (GPT) and on … innovation cluster as a coordination mode of firms, improving the probability of the downstream firm to receive information about … that the effect of innovation clus- ters on the choice of qualities, the adoption behavior, levels of investment in R&D as …

Persistent link: https://www.econbiz.de/10011876194

Financing Innovation with Unobserved Progress

Hu, Zehao - 2015

This paper studies the problem of incentivizing an agent in an innovation project when the progress of innovation is … known only to the agent. I assume the success of innovation requires an intermediate breakthrough and a final breakthrough …, conditional on the total level of financing, optimal contracts induce efficient actions from the agent. Second, the reward for …

Persistent link: https://www.econbiz.de/10013030706

The economics of inefficient technology use

Beaudry, Paul; Francois, Patrick - 2007

"The adoption and diffusion of technological knowledge is generally regarded as a key element in a country's economic success. However, as is the case with most types of information, the transfer of technological knowledge is likely to be subject to adverse selection problems. In this paper we...

Persistent link: https://www.econbiz.de/10003568949

The Economics of Inefficient Technology Use

Beaudry, Paul - 2007

The adoption and diffusion of technological knowledge is generally regarded as a key element in a country's economic success. However, as is the case with most types of information, the transfer of technological knowledge is likely to be subject to adverse selection problems. In this paper we...

Persistent link: https://www.econbiz.de/10012465146

The Economics of Inefficient Technology Use

Beaudry, Paul - 2012

Persistent link: https://www.econbiz.de/10012755309

Endogenous Information Carrier Technology

Xie, Danxia; Yang, Buyuan - 2022

production technology. Information carrier technology promotes production technology innovation and thus economic growth through …

Persistent link: https://www.econbiz.de/10014083675

Technology Adoption Under Hidden Information

Demougin, Dominique; Schöttner, Anja - 2015

We consider a firm where workers have pre-contractual private information on their cost of production. Before contracting takes place, the owner of the firm can adopt a new technology that reduces production costs for each type of worker. We show that technology adoption may have an adverse rent...

Persistent link: https://www.econbiz.de/10014056732