Microeconomic Flexibility, Creative Destruction and Trade
نویسندگان
چکیده
منابع مشابه
Empirical Confirmation of Creative Destruction from World Trade Data
We show that world trade network datasets contain empirical evidence that the dynamics of innovation in the world economy indeed follows the concept of creative destruction, as proposed by J.A. Schumpeter more than half a century ago. National economies can be viewed as complex, evolving systems, driven by a stream of appearance and disappearance of goods and services. Products appear in bursts...
متن کاملLegal Origins and Creative Destruction
Building on a model of endogenous innovation à la Romer, we analyze the link between legal institutions, innovation and growth. As in Anderlini, Felli and Riboni (2007), we suppose that law-makers are benevolent and we compare two legal systems: a rigid system, where an uncontingent law is written in a statute ex ante (that is, before knowing the state of the technology that will take place) an...
متن کاملCreative Destruction in Industries∗
Industries where prices decline rapidly experience early ‘shakeouts’. Existing models of the shakeout do not explain this negative relation between price decline and time to shakeout. We set up a vintage-capital model that explains this relation, and we provide some evidence in support of the mechanism that we propose. The relation emerges naturally in a vintage-capital model in which shakeouts...
متن کاملCreative Destruction and Productive Preemption
We develop a theory of commercialization mode (entry or sale) of entrepreneurial inventions into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market e¤ects on the sales price. Moreover, preemptive acquisitions by incumbents are shown to stimulate the process of creative destruction by increasing the entr...
متن کاملCreative Destruction Among Grocery Stores
Technological innovations in inventory, logistics, and sales give grocery chain stores a profitability advantage over old-fashioned local stores. With chain stores advancing, local store incumbents gradually exit. Two questions concerning this creative destruction process are central to competition policy. How do chain stores make entry decisions? How does a chain store’s entry impact incumbent...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1557465