Scarce human resources and equilibrium industry structureZeitschrift für Nationalökonomie - Tập 124 - Trang 99-119 - 2017
Huasheng Song, Ruqu Wang, Jianliang Ye
We investigate how the initial distribution of scarce human resources determines the equilibrium industry structure. Using a two-firm competition model with resource-dependent production technology, we examine the flow of these resources in gradual trading, one-off trading, and Walrasian trading. We find that the evolution of an industry’s structure depends on the total amount of resources availab...... hiện toàn bộ
Optimal ownership in joint ventures with contributions of asymmetric partnersZeitschrift für Nationalökonomie - Tập 97 - Trang 141-163 - 2009
Marco Marinucci
This paper addresses two questions concerning Joint Venture (JV) agreements. We first study the formation and the performance of a JV when the partners’ contribution has a different impact on the JV profits. Then, we check whether the JV is more likely as well as the welfare level improves when the decision on JV profit sharing among partners is delegated to an independent JV management (Managemen...... hiện toàn bộ
Decreasing marginal impatience in a two-country world economyZeitschrift für Nationalökonomie - Tập 105 - Trang 247-262 - 2011
Ken-ichi Hirose, Shinsuke Ikeda
By using a two-country model with endogenous time preference, this paper examines the dynamic implication of decreasing marginal impatience (DMI). To ensure stability, we assume that one country has DMI whereas the other has increasing marginal impatience (IMI). The resultant equilibrium dynamics differ from what can be inferred from the analysis of the standard IMI model (e.g., Devereux and Shi i...... hiện toàn bộ
Can Allowing to Trade Permits Enhance Welfare in Mixed Oligopoly?Zeitschrift für Nationalökonomie - Tập 88 - Trang 263-283 - 2006
Kazuhiko Kato
We compare the effects of tradable emission permits (TEP) and non-tradable emission permits (NTEP) in a mixed oligopoly, where public firms and private firms compete in a product market. If all technologies and initial endowments of emission permits are symmetric among public and private firms and if the emission constraint is exogenous and binding, social welfare is greater (resp. smaller) under ...... hiện toàn bộ
R&D Efficiency Gains Due to CooperationZeitschrift für Nationalökonomie - Tập 80 - Trang 107-125 - 2003
Jeroen Hinloopen
A theoretical and widely-quoted finding is that levels of cooperative R&D exceed noncooperative R&D levels when technological spillovers are relatively large, while the opposite holds for relatively small technological spillovers. We qualify this result by showing that for relatively small technological spillovers the comparison is not driven by the extent of technological spillover, but by the in...... hiện toàn bộ