作者：Zheng, BH
作者单位：University of Colorado System; University of Colorado Denver
作者：Pinske, J; Slade, ME; Brett, C
作者单位：University of British Columbia; University of London; Royal Holloway University London
摘要：We investigate the nature of price competition among firms that produce differentiated products and compete in markets that are limited in extent. We propose an instrumental variables series estimator for the matrix of cross price response coefficients, demonstrate that our estimator is consistent, and derive its asymptotic distribution. Our semiparametric approach allows us to discriminate among models of global competition, in which all products compete with all others, and local competition...
作者：Aghion, P
作者单位：Harvard University; University of London; University College London
摘要：In this lecture, it is argued that Schumpeterian Growth Theory, in which growth is driven by a sequence of quality-improving innovations, can shed light on two important puzzles raised by the recent evolution of wage inequality in developed economies. The first puzzle concerns wage inequality between educational groups, which has substantially risen in the US and the UK during the past two decades following a sharp increase in the supply of educated labor. The second puzzle concerns wage inequ...
作者：Bobenrieth, ESA; Bobenrieth, JRA; Wright, BD
作者单位：Universidad de Concepcion; Universidad del Bio-Bio; University of California System; University of California Berkeley
