-
作者：Rasul, Imran; Rogger, Daniel
作者单位：University of London; University College London; The World Bank
-
作者：Boler, Esther Ann; Moxnes, Andreas; Ulltveit-Moe, Karen Helene
作者单位：University of Oslo; Center for Economic & Policy Research (CEPR); National Bureau of Economic Research
摘要：This paper studies the impact of an R&D cost shock on R&D investments, imported inputs, and their joint impact on firm performance. We introduce imported inputs into a model of R&D and endogenous productivity, and show that R&D and international sourcing are complementary activities. Exploiting the introduction of an R&D tax credit in Norway in 2002, we find that cheaper R&D stimulated not only R&D investments but also imports of intermediates, quantitatively consistent with the model. An impl...
-
作者：Calzolari, Giacomo; Denicolo, Vincenzo
作者单位：University of Bologna; Center for Economic & Policy Research (CEPR); University of Leicester; University of Bologna
摘要：We propose a new theory of exclusive dealing. The theory is based on the assumption that a dominant firm has a competitive advantage over its rivals, and that the buyers' willingness to pay for the product is private information. In this setting, the dominant firm can impose contractual restrictions on buyers without necessarily compensating them, implying that exclusive dealing contracts can be both profitable and anticompetitive. We discuss the general implications of the theory for competit...
-
作者：Hartline, Jason D.; Lucier, Brendan
作者单位：Northwestern University; Microsoft
摘要：The optimal allocation of resources in complex environments-like allocation of dynamic wireless spectrum, cloud computing services, and Internet advertising-is computationally challenging even given the true preferences of the participants. In the theory and practice of optimization in complex environments, a wide variety of special and general purpose algorithms have been developed; these algorithms produce outcomes that are satisfactory but not generally optimal or incentive compatible. This...
-
作者：Breitmoser, Yves
作者单位：Humboldt University of Berlin
摘要：In the repeated prisoner's dilemma, predictions are notoriously difficult. Recently, however, Blonski, Ockenfels, and Spagnolo (2011)-henceforth, BOS-showed that experimental subjects predictably cooperate when the discount factor exceeds a particular threshold. I analyze individual strategies in four recent experiments to examine whether strategies are predictable, too. Behavior is well summarized by Semi-Grim strategies: cooperate after mutual cooperation, defect after mutual defection, rand...
-
作者：Andreoni, James; Sprenger, Charles
作者单位：University of California System; University of California San Diego; University of California System; University of California San Diego
摘要：Can the well-known experimental phenomenon of present-bias in intertemporal choice be confounded with the risks associated with receiving payment? Can measurements of risk preferences be used to represent desires for smoothness in intertemporal payments? In our two 2012 papers in this journal we explored these two questions and found the answer to the first to be yes and the second to be no. We feel the three papers inspired by our work and published here underscore these arguments and point t...
-
作者：Takahashi, Yuya
作者单位：Johns Hopkins University
摘要：This paper empirically studies firm's strategic exit decisions in an environment where demand is declining. Specifically, I quantify the extent to which the exit process generated by firms' strategic interactions deviates from the outcome that maximizes industry profits. I develop and estimate a dynamic exit game using data from the US movie theater industry in the 1950s, when the industry faced demand declines. Using the estimated model, I quantify the magnitude of strategic delays and find t...
-
作者：Carlson, Kyle; Kim, Joshua; Lusardi, Annamaria; Camerer, Colin F.
作者单位：California Institute of Technology; University of Washington; George Washington University
-
作者：Costa, Dora L.; Kahn, Matthew E.
作者单位：University of California System; University of California Los Angeles; University of California System; University of California Los Angeles
-
作者：Lien, Jaimie W.; Zheng, Jie
作者单位：Chinese University of Hong Kong; Tsinghua University
