Using panel data for nearly all service providers in a single industry sector, we examine productivity responses to changes in competition in the United States. The sector offers workplace employee representation through trade union branches which compete with one another for union members whose...

Using panel data for nearly all service providers in a single industry sector, we examine productivity responses to changes in competition in the United States. The sector offers workplace employee representation through trade union branches which compete with one another for union members whose...

Contrary to some of the leading critiques of neoclassical theory, I argue that this theoretical framework can incorporate the moral dimension into the modeling of economic agents when the consequences of their choices are not answerable to market forces. Neoclassical theory, broadly defined,...

We find that the positive impact of a firm’ own innovations on its own growth is similar in more and less competitive industries. In contrast, the negative impact of rival firms’ innovations on a firm’s growth (creative destruction) is significantly stronger in less competitive industries,...

Taking a dynamic and reflexive perspective on the interaction between technology, law and economics, the study focuses on the role of competition in shaping the economic, but also regulatory, eco-system in which blockchain technology becomes embedded. There is the promise that the technology and...

We study how funding agencies should set budget caps for competitive grants. We show that budget caps influence the researchers' submission strategy and, in particular, whether they steer their project choice towards the agencies' favorite projects, and the level of funds they request. The...

Though conventional international economic wisdom holds China's hardware and India's software industries to be equipotential, little attempt has been made to compare their information industries in an overarching dynamic framework. By using a schema which links intellectual to financial value...

Telecommunications in South Africa is one example of the regulatory state, dating from the early 1990s and comprising the usual elements of commercial operators, ministers issuing periodic policies, a regulator, a competition authority, systems of appeal, and parliamentary oversight. Less...