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development of new products? Why have traditional economic models of investment failed to explain the behavior of investment …, they answer important questions about investment decisions and the behavior of investment spending. This new approach to … understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy …
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time for generics to build up significant market shares. I argue that in order to explain these facts, one needs to model …
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Between 2006 and 2011, daily print newspapers in the U.S. lost 20% of their paid subscribers, partly due to increasing availability of alternative sources of news, such as free content provided on newspaper websites and by news aggregators such as Yahoo. However, contrary to the expectation that...
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Data brokers collect, manage, and sell customer data. We propose a simple model, in which data brokers sell data to …
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diffusion of craft breweries across the U.S.. Using a structural model of demand with endogenous consumption capital stock …
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launch of craft breweries. Using a structural model of demand with endogenous consumption capital stock formation, we find …, with the remainder explained by intrinsic generational differences in preferences. Through the lens of our model, we …
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emphasize the role of advertising and product differentiation in the virtuous rent-seeking behavior in the pharmaceutical …
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