International Economic Review
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A Theory of Trade Secrets in Firms*This article provides a simple theoretical model of trade secrets in hierarchical firms. A crucial assumption is that each manager has access to trade secrets pertaining to his own hierarchical level as well as to all lower levels. The article explores some implications of this assumption for optimal degree of trade secrets accumulation and protection as well as for the wage structure in f... ... hiện toàn bộ
International Economic Review - Tập 43 Số 3 - Trang 831-855 - 2002
A Comparison of Multiple‐Unit All‐Pay and Winner‐Pay Auctions Under Incomplete Information*This article examines the properties of independent‐private‐value all‐pay and winner‐pay auctions when there are multiple units sold. We study bidding behavior, efficiency, and revenue in a set of 23 experimental sessions. Our data show that the all‐pay auction and the winner‐pay auction are empirically revenue equivalent, though both yield higher revenue than the risk neutral Bayesian equ... ... hiện toàn bộ
International Economic Review - Tập 43 Số 3 - Trang 675-708 - 2002
BIDDING TO GIVE: AN EXPERIMENTAL COMPARISON OF AUCTIONS FOR CHARITY*We experimentally compare three mechanisms used to raise money for charities: first‐price winner‐pay auctions, first‐price all‐pay auctions, and lotteries. We stay close to the characteristics of most charity auctions by using an environment with incomplete information and independent private values. Our results support theoretical predictions by showing that the all‐pay format raises subs... ... hiện toàn bộ
International Economic Review - Tập 50 Số 2 - Trang 431-457 - 2009
Additional Tests for a Unit Root Allowing for a Break in the Trend Function at an Unknown Time
International Economic Review - Tập 39 Số 4 - Trang 1073 - 1998
On the Robustness of Bubbles in Linear RE Models
International Economic Review - Tập 33 Số 1 - Trang 1 - 1992
Estimating Regression Models of Finite but Unknown Order
International Economic Review - Tập 22 Số 1 - Trang 55 - 1981
The R&D Incentives of Industry LeadersThis paper presents a model to explain why industry leader firms often devote substantial resources to R&D activities and explores the welfare implications of this investment. The key new assumption is that industry leaders can improve their own products more easily than can other firms. When industry leaders have R&D cost advantages, it is optimal for the government to subsidize t... ... hiện toàn bộ
International Economic Review - Tập 40 Số 3 - Trang 745-766 - 1999
The Impact of Public Policies on Innovation and Imitation: The Role of R&D Technology in Growth ModelsIt has been shown under the assumption of linear R&D technology that a government subsidy to imitative (innovative) R&D decreases (increases) imitative effort but increases (decreases) innovative effort, and that strengthening the enforcement of patent laws leads to a decrease in innovative R&D but to an increase in imitative R&D. By replacing the linear R&D technology ... ... hiện toàn bộ
International Economic Review - Tập 40 Số 1 - Trang 187-207 - 1999
BIGGER IS BETTER: MARKET SIZE, DEMAND ELASTICITY, AND INNOVATION*This article proposes a novel mechanism whereby larger markets increase competition and facilitate process innovation. Larger markets, in the sense of more people or more open trade, support a larger variety of goods, resulting in a more crowded product space. This raises the price elasticity of demand and lowers markups. Firms, therefore, become larger to break even. This facilitates proc... ... hiện toàn bộ
International Economic Review - Tập 51 Số 2 - Trang 319-333 - 2010
Tổng số: 49
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