Journal of Economic History

最新文章

• Do Patent Pools Encourage Innovation? Evidence from the Nineteenth-Century Sewing Machine Industry AI翻译
  作者：DePaul University; Stanford University; National Bureau of Economic Research
  摘要：Members of a patent pool agree to use a set of patents as if they were jointly owned by all members and license them as a package to other firms. This article uses the example of the first patent pool in U. S. history, the Sewing Machine Combination (1856-1877) to perform the first empirical test of the effects of a patent pool on innovation. Contrary to theoretical predictions, the sewing machine pool appears to have discouraged patenting and innovation, in particular for the members of the p...
• Asymmetric Information, Market Power, and the Underpricing of New Stock Issues in Germany, 1882-1892 AI翻译
  作者：Johns Hopkins University
  摘要：Investors in new stock issues in Germany in the 1880s experienced low spreads between the price they paid for stock and the price at which they could sell the stock in the market. Stock issuing companies paid substantial fees to underwriting banks, and these costs increased with the underwriter's market share. Bank's faced lower issuing costs than did nonfinancial firms. These patterns are consistent with a situation in which underwriters exploited their access to better information (agency pr...
• From Intangible Capital to Institutional Agencies: The Ideas of Human and Social Capital and Their Demise in German Historical Economics AI翻译
  作者：University of Jyvaskyla
• Industrial Development in Postwar Japan AI翻译
  作者：University of Texas System; University of Texas Austin
• State and Society in Eighteenth-Century France: A Study of Political Power and Social Revolution in Languedoc AI翻译
  作者：University System of Maryland; University of Maryland College Park
• Corrupt Circles: A History of Unbound Graft in Peru. AI翻译
  作者：University of Vermont
• The Politics of Jewish Commerce: Economic Thought and Emancipation in Europe, 1638-1848 AI翻译
  作者：Stockholm University
• A Green Light for Red Patents? Outsourcing Patent Protection in the Soviet Union and Russia, 1971-2007 AI翻译
  作者：Michigan State University
• The Procyclical Behavior of Total Factor Productivity in the United States, 1890-2004 AI翻译
  作者：Santa Clara University
  摘要：Between 1890 and 2004 total factor productivity (TFP) growth in the United States has been strongly procyclical, while labor productivity growth has been mildly so. This article argues that these results are not simply a statistical artifact, as Mathew Shapiro and others have argued. Procyclicality resulted principally from demand shocks interacting with capital services which are relatively invariant over the cycle. This account contrasts with explanations emphasizing labor hoarding as well a...
• The Postbellum Continuation of the Antebellum Puzzle AI翻译
  作者：University of Munich