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programming. Competition for viewers of the demographics most desired by advertisers implies that programming choices will be … too extreme as broadcasters strive to avoid ruinous subscription price competition, but strong advertising demand may lead … to strong competition for viewers and hence minimum differentiation (“la pensée unique”). Markets (such as newspapers …
Persistent link: https://www.econbiz.de/10014023811
This chapter focuses on the economic mechanisms at work in recent models of advertising finance in media markets developed around the concept of two-sided markets. The objective is to highlight new and original insights from this approach, and to clarify the conceptual aspects. The chapter first...
Persistent link: https://www.econbiz.de/10014025251
Empirical studies have found that enhanced foreign competition can encourage or discourage innovation. To address this …-product firms live forever, and the large firms invest in innovation in order to enlarge their product spans. All firms export. I … show that an increase in the competitiveness of foreign firms can increase or reduce innovation efforts of a large multi …
Persistent link: https://www.econbiz.de/10014436971
In this chapter we argue that the endogenous growth model with quality-improving innovations provides a framework for analyzing the determinants of long-run growth and convergence that is versatile, simple and empirically useful. Versatile, as the same framework can be used to analyze how growth...
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Past work has shown that failure tolerance by principals has the potential to stimulate innovation, but has not … ― in terms of an investor's required share of equity ― that increases in the level of radical innovation. Financiers with … tolerant. Since policies to stimulate innovation must often be set before specific investments in innovative projects are made …
Persistent link: https://www.econbiz.de/10009772647
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This paper reviews recent studies on the links between competition, innovation and productivity growth in the long run … including: i) measuring welfare gains from product innovation; ii) competition and efficiency in e-commerce, education, and …. From a long-run perspective, one can see that gains from competition-enhancing regulatory reform are likely to exceed …
Persistent link: https://www.econbiz.de/10012446761