Issue 2

June 2011
Articles: 

LEARNING-BY-DOING AND MARKET STRUCTURE

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.

PERSISTENCE OF TECHNOLOGICAL LEADERSHIP: EMERGING TECHNOLOGIES AND INCREMENTAL INNOVATION

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.

IS MULTIMEDIA CONVERGENCE TO BE WELCOMED?

This paper considers the consumer implications of the process of convergence across multimedia and telecoms markets.

LICENSE AUCTIONS WHEN WINNING BIDS ARE FINANCED THROUGH DEBT

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.

ANOTHER LOOK AT PRICE PROMOTION

Weekly sales at retail stores exhibit several patterns that the literature on price promotion does not fully capture.

CONSUMER SWITCHING COSTS AND FIRM PRICING: EVIDENCE FROM BANK PRICING OF DEPOSIT ACCOUNTS

We employ extensive information on bank deposit rates and area migration patterns to examine pricing relationships implied by switching costs.

LISTING PRICES AS SIGNALS OF QUALITY IN MARKETS WITH NEGOTIATION

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.