Endogenous technical change in a competitive economy

Article Abstract:

A model of endogenous growth in an economy with competitive markets is presented. This work challenges the widely-held view that endogenous technical change can only take place if innovating companies can expect to gain monopoly or oligopoly rents. It is suggested that there may be a systematic link between innovation technologies and the development of the distribution of production units and companies.

Business Methods, Economic development, Business planning, Organizational change

---

Fully revealing outcomes in signalling models: an example of nonexistence when the type space is unbounded

Article Abstract:

An analysis of a signalling model is presented. The economic model assumes the absence of Spencian variables, which refers to a lack of full revelation, incentive compatibility, individual rationality and zero profits for uninformed agents. It is shown that the model meets all assumptions of signalling models except for the presence of an unbounded type space for economic agents.

Economics, Economic indicators

---

Competition in multi-characteristics spaces: hotelling was almost right

Article Abstract:

Product differentiation is reduced to a primary characteristic when firms compete in a multi-characteristics space. If the salience coefficient is large, companies will choose to emphasize differentiation in the dominant characteristic and de-emphasize differentiation in the rest. This indicates that standards based on locations and prices become inapplicable.

Management, Competition (Economics), Market share, Business enterprises, Product differentiation

Similar abstracts:

• Abstracts: Estimating and testing rational expectations models when the trend specification is uncertain. Bayesian fan charts for U.K. inflation: Forecasting and sources of uncertainty in an evolving monetary system
• Abstracts: The fallacy of composition and developing country exports of manufactures. Implications of China's Accession to the World Trade Organisation for China and the WTO
• Abstracts: Technological competition and the structure of the computer industry. Vertical Integration and Internet Strategies in the Apparel Industry

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.