This paper examines transition in the level of competition in the Japanese life insurance industry over the last ten years. We estimate the first order condition for profit maximizing insurance oligopolies to obtain the degree of non-competition and collusion. Estimation results suggest: 1) mutual companies, like stock companies, seek to maximize their own profits rather than pay out dividends ...

China and ASEAN have been maintaining a relationship both cooperative and competitive in the textile trade. Due to its labor intensive feature and high dependence on foreign trade , the textile trade has received much attention after the 2008 financial crisis. The customs data (classified by the HS code) from year 2006-2009 is employed to research the impact of the crisis on the trade pattern o...

We use a specific-factor model to exarnine the conditions under which policymakers are able to increase aggregate production of high-tech goods by production or R&D-subsidies in the short and long-mn. The difficulties for the policy-makers in designing a subsidy scheme that succeeds in expanding aggregate high-tech production involve taking into account the trade-off between resources used in R...

Nike and other brand companies have long been the target of widespread criticism for outsourcing their manufacturing production to contract factories with dismal working conditions. Despite the overwhelming amount of public interest, there exists no theory for studying this topic. The current paper fills this gap. In the model, the most productive firms in the North make high profits and outsou...

The purpose of this article is three-fold: first, it tests whether inter-industry R&D spillovers are positively associated with the likelihood experiencing high growth episodes among intensive firms in Europe, US and Japan; second, such a relationship conditional on their level absorptive capacity (ACAP); third, acquisition foreign patents, an additional channel to access external knowledge...

The market orientation has been found to be a major driver of innovation performance in service contexts. This issue raises questions concerning the extent to which the relationship market orientation-innovation performance link holds in the high-tech industry. Relatively litter research has examined how market orientation contributes to innovation performance through service innovation. We rep...

â â â  â â  abstract: â  china and asean have been maintaining a relationship both cooperative and competitive in the textile trade. due to its labor intensive feature and high dependence on foreign trade , the textile trade has received much attention after the 2008 financial crisis. the customs data (classified by the hs code) from year 2006-2009 is employed to research the impact of the cris...

Highly variable returns, asymmetric information and a lack of collateral should cause small high-tech firms to have poor access to debt. New equity financing has several advantages over debt, but may be costly compared to internal finance. We examine an unbalanced panel of over 2,400 publicly traded United States high-tech companies over the period 1981 to 1998. Most small high-tech firms obtai...

One or Many Knowledge Production Functions? Mapping Innovative Activity Using Microdata This paper discusses the determinants of three alternative measures of innovative output by looking at firm’s own formal R&D activities and at the acquisition of external technology (TA) in its embodied and disembodied components. These input-output relationships are also discussed by distinguishing between ...