Applying the Olley-Pakes estimation technique to an augmented production function, we estimate rates of learning-by-doing in over 250 SIC4 industries in the U.S. manufacturing sector.
In a model of competitive innovation, I derive theoretical conditions for an entrant to displace the incumbent firm by innovating in an undeveloped, substitute (emerging) technology.
This paper considers the consumer implications of the process of convergence across multimedia and telecoms markets.
We study an auction where two licenses to operate on a new market are sold and winning bidders finance their bids on the debt market.
Weekly sales at retail stores exhibit several patterns that the literature on price promotion does not fully capture.
We employ extensive information on bank deposit rates and area migration patterns to examine pricing relationships implied by switching costs.
We analyze markets where a buyer may pay the listing price or negotiate. We show that listing prices can signal quality to attract the right type of buyers.