Issue 1

March 2005
Articles: 

MARKET SIZE MATTERS

This paper characterizes the effects of market size on the size distribution of establishments for thirteen retail trade industries across 225 U.S. cities.

THE INFLUENCE OF EXPERT REVIEWS ON CONSUMER DEMAND FOR EXPERIENCE GOODS: A CASE STUDY OF MOVIE CRITICS

An inherent problem in measuring the influence of expert reviews on the demand for experience goods is that a correlation between good reviews and high demand may be spurious, induced by an underlying

PROJECT CHOICE AND RISK IN R&D

We introduce stochastic R&D in the Hotelling model and show that if the technical risk is sufficiently high, all firms focus on the most valuable market segment.

FIRM HETEROGENEITY, IMITATION, AND THE INCENTIVES FOR COST REDUCING R&D EFFORT

I develop and test a model of strategic R&D investments where innovating and non-innovating firms compete on the basis of their ability to reduce costs and imitate rivals.

A NEW PERSPECTIVE ON INDUSTRY R&D AND MARKET STRUCTURE

This paper aims to shed some new insights on the long-debated and both extensively and intensively explored relationship between market concentration and industry R&D intensity.

COHERENCE OF THE KNOWLEDGE BASE AND THE FIRM'S INNOVATIVE PERFORMANCE: EVIDENCE FROM THE U.S. PHARMACEUTICAL INDUSTRY

We examine the relationship between the coherence of the knowledge base and the innovative performance of U.S. pharmaceutical firms during the 1990's.