GM Grossman… - 1992 - books.google.com
Traditional growth theory emphasizes the incentives for capital accumulation rather than
technological progress. Innovation is treated as an exogenous process or a by-product of
investment in machinery and equipment. Grossman and Helpman develop a unique ...
E Helpman… - 1987 - books.google.com
Market Structure and Foreign Trade presents a coherent theory of trade in the presence of
market structures other than perfect competition. The theory it develops explains trade
patterns, especially of industrial countries, and provides an integration between trade and ...
DT Coe… - European Economic Review, 1995 - Elsevier
A model is presented based on recent theories of economic growth that treat commercially
oriented innovation efforts as a major engine of technological progress. We study the extent
to which a country's total factor productivity depends not only on domestic R&D capital but ...
GM Grossman… - 1992 - nber.org
We develop a model in which special interest groups make political contributions in order to
influence an incumbent government's choice of trade policy. In the political equilibrium. the
interest groups bid for protection, and each group's offer is optimal given the offers of the ...
E Helpman, MJ Melitz… - 2003 - nber.org
This paper builds a multi-country, multi-sector general equilibrium model that explains the
decision of heterogeneous firms to serve foreign markets either through exports or local
subsidiary sales (FDI). These modes of market access involve different relative costs, ...
DT Coe, E Helpman… - 1995 - nber.org
We examine the extent to which developing countries that do little, if any research and
development themselves benefit from R&D that is performed in the industrial countries. By
trading with an industrial country that has large'stocks of knowledge'from its cumulative ...
E Helpman - The Journal of Political Economy, 1984 - JSTOR
Using the idea that firm-specific assets associated with marketing, management, and
product-specific R & D can be used to service production plants in countries other than the
country in which these inputs are employed, I develop a simple general equilibrium model ...
GM Grossman… - The Review of Economic …, 1991 - restud.oxfordjournals.org
Abstract We develop a model of repeated product improvements in a continuum of sectors.
Each product follows a stochastic progression up a quality ladder. Progress is not uniform
across sectors, so an equilibrium distribution of qualities evolves over time. But the rate of ...
GM Grossman… - 2002 - books.google.com
This landmark theoretical book is about the mechanisms by which special interest groups
affect policy in modern democracies. Defining a special interest group as any organization
that takes action on behalf of an identifiable group of voters, Gene Grossman and Elhanan ...
E Helpman… - 1989 - books.google.com
This sequel to Market Structure and Foreign Trade examines the new international trade's
applied side. It provides a compact guide to models of the effects of trade policy in
imperfectly competitive markets, as well as an up-to-date survey of existing knowledge, ...
P Antràs… - 2003 - nber.org
We present a North South model of international trade in which differentiated products are
developed in the North. Sectors are populated by final-good producers who differ in
productivity levels. Based on productivity and sectoral characteristics, firms decide ...
E Helpman, M Melitz… - The Quarterly Journal of …, 2008 - qje.oxfordjournals.org
Abstract We develop a simple model of international trade with heterogeneous firms that is
consistent with a number of stylized features of the data. In particular, the model predicts
positive as well as zero trade flows across pairs of countries, and it allows the number of ...
GM Grossman… - 1993 - nber.org
This paper makes the case that purposive, profit-seeking investments in knowledge play a
critical role in the long-run growth process. First, we review the implications of neoclassical
growth theory and the more recent theories of'endogenous growth'. Then we discuss the ...
GM Grossman… - The Quarterly Journal of …, 2002 - qje.oxfordjournals.org
Abstract We develop an equilibrium model of industrial structure in which the organization of
firms is endogenous. Differentiated consumer products can be produced either by vertically
integrated firms or by pairs of specialized companies. Production of each variety of ...
E Helpman - Journal of international economics, 1981 - Elsevier
Abstract The paper presents a generalization of the Heckscher-Ohlin theory by admitting the
existence of sectors in which there is monopolistic competition. The structure of preferences
is based on Lancaster's work. It is shown without requiring homotheticity in the production ...
E Helpman - 1992 - nber.org
The debate between the North and the South about the enforcement of intellectual property
rights in the South is examined within a dynamic general equilibrium framework in which the
North innovates new products and the South imitates them. A welfare evaluation of a ...
GM Grossman… - The Review of Economic …, 2005 - restud.oxfordjournals.org
Abstract We study the determinants of the location of subcontracted activity in a general
equilibrium model of outsourcing and trade. We model outsourcing as an activity that
requires search for a partner and relationship-specific investments that are governed by ...
E Helpman - Journal of the Japanese and international economies, 1987 - Elsevier
Abstract Three hypotheses that emerge from a theoretical model are discussed. Two of them
concern the behavior of the share of intraindustry trade while the third concerns the volume
of trade. One is that in cross-country comparisons the larger the similarity in factor ...
GM Grossman… - The Review of Economic …, 1996 - restud.oxfordjournals.org
Abstract We study the competition between two political parties for seats in a legislature. The
parties have fixed positions on some issues, but vary their positions on others in order to
attract votes and campaign contributions. In this context, we examine whether special ...
GM Grossman… - 1991 - nber.org
We construct a dynamic, two-country model of trade and growth in which endogenous
technological progress results from the profit-maximizing behavior of entrepreneurs. We
study the role that the external trading environment and that trade and industrial policies ...
GM Grossman… - 1993 - nber.org
Suppose that an opportunity arises for two countries to negotiate a free trade agreement
(FTA). Will an FTA between these countries be politically viable? And if so, what form will it
take? We address these questions using a political-economy framework that emphasizes ...
E Helpman - 2006 - nber.org
New developments in the world economy have triggered research designed to better
understand the changes in trade and investment patterns, and the reorganization of
production across national borders. Although traditional trade theory has much to offer in ...
E Helpman - 1998 - books.google.com
Traditionally, economists have considered the accumulation of conventional inputs such as
labor and capital to be the primary force behind economic growth. Now, however, many
macroeconomists place technological progress at the center of the growth process. This ...
GM Grossman… - The Quarterly Journal of …, 1991 - qje.oxfordjournals.org
Abstract We develop a two-country model of endogenous innovation and imitation in order
to study the interactions between these two processes. Firms in the North race to bring out
the next generation of a set of technology-intensive products. Each product potentially can ...
A Dixit, GM Grossman… - Journal of Political Economy, 1997 - JSTOR
We develop a model of common agency with complete information and general preferences
with nontransferable utility, and we prove that the principals' Nash equilibrium in truthful
strategies implements an efficient action. We apply this theory to the construction of a ...
GM Grossman… - European Economic Review, 1991 - Elsevier
Endogenous growth of trading countries has been studied with international knowledge
spillovers. These spillovers have typically been assumed to take place automatically. We
study the growth performance of a small country in which scientific and technological ...
H Flam… - The American Economic Review, 1987 - JSTOR
We develop a model of North-South trade in which the North exports high-quality and the
South exports low-quality industrial products. Faster technical progress in the southern
industrial sector leads the North to introduce new high-quality products and the South to ...
GM Grossman… - 1993 - nber.org
Whether governments clash in trade disputes or negotiate over trade agreements, their
actions in the international arena reflect political conditions back home. Previous studies of
cooperative and noncooperative trade relations have focused on governments that are ...
E Helpman - 2004 - books.google.com
Far more than an intellectual puzzle for pundits, economists, and policymakers, economic
growth--its makings and workings--is a subject that affects the well-being of billions of
people around the globe. In The Mystery of Economic Growth, Elhanan Helpman ...
GM Grossman… - Handbook of international economics, 1995 - Elsevier
Chapter 25 TECHNOLOGY AND TRADE GENE M. GROSSMAN Princeton University and
ELHANAN HELPMAN* Tel Aviv University and CIAR Contents 0. Introduction 1. Exogenous
technology 1.1. The Ricardian model 1.2. Technology gaps 1.3. Product cycles 1.4. Many ...
[CITATION] Innovation and growth in the world economy
G Grossman… - 1991 - Cambridge, ma: mit Press
E Helpman - Topics in Public Economics, 1998 - books.google.com
Regional scientists and urban economists have studied many forces that shape urban and
regional structures. They have emphasized the availability of usable land, of local amenities
such as beaches or climate; the provision of local public goods such as roads and schools ...
GM Grossman… - The American Economic Review, 1990 - JSTOR
Recent papers by Paul Romer (1986, 1990) and Robert Lucas (1988) have reminded us that
when investment takes place in an economic environment with increasing returns to scale,
the marginal product of capital need not decline over time to the level of the discount rate. ...
E Helpman - Handbook of international economics, 1984 - homes.chass.utoronto.ca
The effects of increasing returns to scale and noncompetitive behavior on international trade
have been discussed for many years. They have a bearing on a host of trade problems such
as explanations of trade patterns, gains from trade, commercial policy, transnational ...
GM Grossman… - 1990 - nber.org
We develop a multi-country, dynamic general equilibrium model of product innovation and
international trade to study the creation of comparative advantage through research and
development and the evolution of world trade over tune. In our model, firms must incur ...
GM Grossman… - The economic journal, 1991 - JSTOR
The product cycle features prominently in trade between the Northern developed economies
and the Southern newly industrialising economies. In a much-celebrated article, Vernon
(I966) described the'life cycle'of a typical manufactured product. Invention and initial ...
GM Grossman… - Journal of the European …, 2003 - Wiley Online Library
Abstract We study the determinants of the extent of outsourcing and of direct foreign
investment in an industry in which producers need specialized components. Potential
suppliers must make a relationship-specific investment in order to serve each prospective ...
E Helpman - 1998 - nber.org
During the last two decades, new research has greatly advanced our understanding of the
structure of world trade. This article reviews the empirical literature that grew out of this effort,
emphasizing the ways in which it relied on theoretical developments.
T Bayoumi, DT Coe… - Journal of International Economics, 1999 - Elsevier
We examine the growth promoting roles of R&D, international R&D spillovers, and trade in a
world econometric model. A country can raise its total factor productivity by investing in R&D.
But countries can also boost their productivity by trading with other countries that have ...
E Helpman - The Journal of Political Economy, 1981 - JSTOR
Three exchange-rate regimes--a float, a one-sided peg, and a cooperative peg-are
evaluated and compared in terms of efficiency and welfare levels. The framework of analysis
embodies country-specific monies, with the money of each country being used to transact ...
GM Grossman… - Journal of International Economics, 2004 - Elsevier
We develop a model in which the heterogeneous firms in an industry choose their modes of
organization and the location of their subsidiaries or suppliers. We assume that the
principals of a firm are constrained in the nature of the contracts they can write with ...
E Helpman - The Review of Economic Studies, 1985 - restud.oxfordjournals.org
Abstract First, a model of horizontally and vertically integrated firms is developed. These
firms are then embedded in a general equilibrium model of trading countries. It is shown
how multinational corporations emerge as a result of differences across countries in factor ...
E Helpman - 1995 - nber.org
First I describe a number of political economy approaches that have been developed to
explain trade policies. All approaches are presented in a unified framework that helps to see
the key differences among them. These comparisons revolve around tariff formulas that ...
GM Grossman, E Helpman… - 2003 - nber.org
We examine integration strategies of multinational firms that face a rich array of choices of
international organization. Each firm in an industry must provide headquarter services from
its home country, produce intermediate inputs, and assemble the intermediate goods into ...
GM Grossman… - 2002 - books.google.com
Gene Grossman and Elhanan Helpman are widely acclaimed for their pioneering theoretical
studies of how special interest groups seek to influence the policymaking process in
democratic societies. This collection of eight of their previously published articles is a ...
E Helpman… - MPRA Paper, 1978 - ideas.repec.org
Book delves with the puzzle that assets play important role in the theory of international
finance but hardly any any role in the theory of international trade. Where this dichotomy
comes from? Main feature is that trade in assets may interact in an important ways with ...
D Acemoglu, P Antràs… - The American economic review, 2007 - JSTOR
We develop a tractable framework for the analysis of the relationship between contractual
incompleteness, technological complementarities, and technology adoption. In our model, a
firm chooses its technology and investment levels in contractible activities by suppliers of ...
H Flam… - Journal of International Economics, 1987 - Elsevier
Abstract We study the general equilibrium effects of tariffs, export subsidies, output subsidies
and RD subsidies in a monopolistically competitive sector that produces differentiated
products. Apart from allocative effects we examine the desirability of these policies from a ...
E Helpman… - Review of Economic Studies, 2010 - Wiley Online Library
We study a two-country, two-sector model of international trade in which one sector
produces homogeneous products and the other produces differentiated products. Both
sectors are subjected to search and matching frictions in the labour market and wage ...
E Helpman, O Itskhoki… - 2008 - nber.org
This paper develops a new framework for examining the distributional consequences of
trade liberalization that is consistent with increasing inequality in every country, growth in
residual wage inequality, rising unemployment, and reallocation within and between ...
E Helpman - 1993 - nber.org
The paper focuses on the innovation-based approach to endogenous growth. It begins by
spelling out conditions for sustained long-run growth in neoclassical economies and uses
these conditions as a standard of comparison for the conditions required to sustain long- ...
A Drazen… - The Quarterly Journal of Economics, 1987 - qje.oxfordjournals.org
Abstract Stabilization programs in open economies typically consist of two stages. In the first
stage the rate of currency devaluation is reduced, but the fiscal adjustment does not
eliminate the fiscal deficit that causes growth of debt and loss of reserves, making a future ...
P Antràs… - 2006 - nber.org
We generalize the Antras and Helpman (2004) model of the international organization of
production in order to accommodate varying degrees of contractual frictions. In particular, we
allow the degree of contractibility to vary across inputs and countries. A continuum of firms ...
E Helpman… - 1998 - nber.org
In this paper we study how aggregate output responds to the arrival of a new General
Purpose Technology (GPT) by looking at adjustment mechanisms that operate through labor
markets. We show that under a wide set of circumstances the arrival of a new GPT that ...
E Helpman - 1990 - nber.org
In an economy with a debt overhang, investment depends on expected tax rates. On the
other hand, expected tax rates depend on the debt's face value. Therefore investment
depends on the face value of debt. I show that this may lead to a positive or negative ...
E Helpman… - Journal of Economic Theory, 1975 - econpapers.repec.org
By Elhanan Helpman and Jean-Jacques Laffont; On moral hazard in general equilibrium theory.
G Grossman… - The Economic Journal, 1998 - Wiley Online Library
We study the politics of intergenerational redistribution in an overlapping generations model
with short-lived governments. The successive governments—who care about the welfare of
the currently living generations and possibly about campaign contributions—are unable to ...
A Drazen… - The Review of Economic Studies, 1990 - restud.oxfordjournals.org
Abstract Budget deficits implying an unbounded present value of government debt are
infeasible and hence induce expectations of a future policy change. We study how
expectations of a policy switch whose timing or mix between expenditure cuts, tax ...
[CITATION] Market structure and international trade
E Helpman… - Cambridge (Mass.), 1985
E Helpman - 1997 - nber.org
Countries differ greatly in R&D spending, and these differences are particularly striking
when comparing developed with developing countries. The paper examines the extent to
which the benefits of R&D are concentrated in the investing countries. It is argued that ...
P Aghion, P Antrās… - Journal of International Economics, 2007 - Elsevier
We develop a dynamic bargaining model in which a leading country endogenously decides
whether to sequentially negotiate free trade agreements with subsets of countries or engage
in simultaneous multilateral bargaining with all countries at once. We show how the ...
E Helpman… - 1987 - nber.org
The management of the exchange rate is possible only if the government pursues a
monetary-fiscal policy mix which is consistent with its exchange rate targets. In this paper
with uncertainty concerning the length of individual life the real consequences of ...
E Helpman, L Leiderman, G Bufman… - Economic Policy, 1994 - JSTOR
Following inflation stabilization programmes where a fixed exchange rate was used as an
anchor, a number of countries have gradually shifted towards a regime of increased
flexibility. In particular, Chile, Israel and Mexico have for some years adopted a regime of ...
GM Grossman… - 1989 - nber.org
We construct a model of growth based on endogenous technological change in a small,
open economy. Entrepreneurs develop new intermediate products whenever the present
value of potential profits exceeds the cost of R&D. Diversity of intermediates contributes to ...
E Helpman - Princeton Studies in International Economics, 1990 - ideas.repec.org
No abstract is available for this item. ... To our knowledge, this item is not available for
download. To find whether it is available, there are three options: 1. Check below under "Related
research" whether another version of this item is available online. 2. Check on the ...
GM Grossman… - American Economic Review, 1999 - JSTOR
Endorsements are a simple language for communication between interest-group leaders
and group members. The members, who share policy concerns, may not perfectly
understand where their interests lie on certain issues. If their leaders cannot fully explain ...
E Helpman… - International Economic Review, 1982 - JSTOR
The renewed interest in systematic evaluations of exchange rate regimes has brought about
new approaches which are based on macroeconomic foundations, including
macroeconomic foundations of monetary theory (see Helpman and Razin [1979], Kareken ...
[CITATION] Market structure and foreign trade
P Krugman… - Cambridge, Mass, 1985
E Helpman… - Advances in Economic Analysis …, 2001 - dev.wcfia.harvard.edu
Abstract We examine the effects of the interaction between lobbying and legislative
bargaining on policy formation. Two systems are considered: a US− style congressional
system and a European− style parliamentary system. First, we show that the policies ...
GM Grossman… - The American economic review, 2005 - JSTOR
Outsourcing has been growing both domestically and internationally. So has foreign direct
investment (FDI). New models of international trade address these phenomena using recent
advances in the economic theory of organizations. The models help us to identify ...
E Helpman - 1989 - nber.org
Recent attempts to resolve the international debt crisis have lead some countries to engage
in debt-equity swaps. The paper explores conditions under which such transactions are
beneficial to the debtor as well as the creditors. It identifies a market failure that may ...
E Helpman… - The Journal of Political Economy, 1982 - JSTOR
We study the full equilibrium dynamics of a two-country world economy with a floating
exchange rate, traded and nontraded goods, and explicit modeling of the use of money. The
resulting exchange rate equation depends on several details of the economic structure, ...
GM Grossman… - 2004 - nber.org
We develop a novel model of campaigns, elections, and policymaking in which the ex ante
objectives of national party leaders differ from the ex post objectives of elected legislators.
This generates a distinction between" policy rhetoric" and" policy reality" and introduces ...
G Grossman… - 1994 - nber.org
Jagdish Bhagwati coined the phrase quid pro quo foreign investment to describe
international investments made in anticipation of host country trade policy and perhaps with
the intention of defusing a protectionist threat. We apply Bhagwati's notion to situations ...
PD Fajgelbaum, GM Grossman… - 2009 - nber.org
We develop a framework for studying trade in vertically and horizontally differentiated
products. In our model, consumers with heterogeneous incomes and tastes purchase a
homogeneous good as well as making a discrete choice of quality and variety of a ...
E Helpman… - Canadian Journal of Economics, 1979 - JSTOR
Several elements are required for a consistent comparison of alternative exchange rate
systems. Most notable are an intertemporal budget constraint and similar financial market
structures. Welfare valuations should be based on equilibrium utility levels. Some simple ...
E Helpman - Empirica, 1988 - Springer
This paper deals with the relationship between international trade and economic growth. It
deals, therefore, with an old question, but also a question in search to a new answer. The
renewed interest in this subject has arisen as a result of a combination of events, research ...
GM Grossman… - 1989 - nber.org
We construct a model of the product cycle featuring endogenous innovation and
endogenous technology transfer. Competitive entrepreneurs in the North expend resources
to bring out new products whenever expected present discounted value of future oligopoly ...
E Helpman… - Carnegie-Rochester Conference …, 1988 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
E Helpman… - Journal of Monetary Economics, 1984 - Elsevier
Abstract We argue that the demand for national currencies depends on existing payment
arrangements for imports and exports. Therefore, exchange rate movements depend on
these arrangement. As a result, the relationship between exchange rate movements and ...
E Helpman… - The Review of Economic Studies, 1978 - restud.oxfordjournals.org
Like many other branches of economic theory, international trade theory has experienced
growing interest in uncertainty problems during the last few years. Several sources of
uncertainty were examined: uncertainty in preferences, which induces uncertainty in the ...
E Helpman - International Economic Review, 1976 - JSTOR
THE PURPOSE OF THIS PAPER is to incorporate an analysis of fiscal policy and exchange
rate adjustments into the framework of a simple model of international trade. International
trade theorists have devoted much attention to the relation between the sectoral structure ...
E Helpman… - The American Economic Review, 1979 - JSTOR
These issues are not new. Some of them were extensively explored in the public finance
literature; some of them were explored in the monetary theory literature. What we believe to
be new, however, is that our work integrates the relevant elements from both strands of ...
DT Coe, E Helpman… - European Economic Review, 2009 - Elsevier
The empirical analysis in “International R&D Spillovers”[Coe, D., Helpman, E., 1995.
International R&D Spillovers. European Economic Review, 39, 859–887] is first revisited on
an expanded data set that we have constructed for the purpose of this study. The new ...
S Ben-Zvi… - 1988 - nber.org
We propose a new solution concept for a game among oligopolists that simultaneously
compete in several segmented markets. The motivation for this solution comes from
international trade, but it also has applications in other areas. It is based on a three-stage ...
DT Coe, E Helpman… - 2008 - nber.org
The empirical analysis in" International R&D Spillovers"(Coe and Helpman, 1995) is first
revisited by applying modern panel cointegration estimation techniques to an expanded
data set that we have constructed for the purpose of this study. The new estimates confirm ...
[CITATION] Market Structure and Foreign Trade: Increasing Returns
E Helpman… - Imperfect Competition, and the International Economy: …, 1985
K Matthews, P Minford, S Nickell… - Economic Policy, 1987 - JSTOR
Mrs Thatcher inherited a weak economy whose poor performance she attributed to policies
of cosy consensus, lax discipline, high inflation, and pervasive inefficiency. These she
sought to banish forever. The authors stress the astuteness with which this radical ...
E Helpman… - Journal of International Economics, 1983 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
E Helpman… - 1998 - nber.org
We examine the effects of the interaction between lobbying and legislative bargaining on
policy formation. Two systems are considered: a US-style congressional system and a
European-style parliamentary system. First, we show that the policies generated are not ...
MJ Flanders… - The Review of Economic Studies, 1979 - JSTOR
1. INTRODUCTION In a world in which most major exchange rates are floating, each country
must choose its exchange rate regime from among several alternatives. It can float, freely and
more or less cleanly, it can peg its currency to another currency, or it can peg its currency ...
RD Cooter… - 1974 - works.bepress.com
Efficiency principles are no guide to optimal tax rates when income redistribution is the
purpose of that taxation. Optimal tax rates for redistribution must be obtained through
maximization of a social welfare function constrained by technology and by what Pigou ...
E Helpman - The Quarterly Journal of Economics, 1977 - qje.oxfordjournals.org
Abstract I. Introduction, 469—II. The analytical framework, 469.—III. Fiscal policy, 473.—IV.
Exchange rate adjustments, 475.—V. Summary, 478.—Appendix A: Proof of Proposition
1,479.—Appendix B: Proof of Proposition 2,480.
GM Grossman… - 1999 - nber.org
We develop an equilibrium model of industrial structure in which the organization of firms is
endogenous. Differentiated consumer products can be produced either by vertically
integrated firms or by pairs of specialized companies. Production of each variety of ...
GM Grossman… - 2005 - nber.org
Polities differ in the extent to which political parties can pre-commit to carry out promised
policy actions if they take power. Commitment problems may arise due to a divergence
between the ex ante incentives facing national parties that seek to capture control of the ...
E Helpman, O Itskhoki… - 2008 - nber.org
In this paper we develop a multi-sector general equilibrium model of firm heterogeneity,
worker heterogeneity and labor market frictions. We characterize the distributions of
employment, unemployment, wages and income within and between sectors as a function ...
E Helpman - Review of World Economics, 1998 - Springer
Abstract Explaining the Structure of Foreign Trade: Where Do We Stand?—During the last
two decades, new research has greatly advanced our understanding of the structure of
world trade. This article reviews the empirical literature that grew out of this effort and the ...
E Helpman… - Journal of Public Economics, 1978 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
E Helpman… - European Economic Review, 1990 - Elsevier
We analyze the dynamics of inflation in an economy characterized by a forward-looking,
staggered, price and wage determination process, and by monetary accommodation. In our
model, inflation reconciles the conflicting claims of workers and firms. The model is ...
D Acemoglu, P Antras… - 2005 - nber.org
We develop a tractable framework for the analysis of the relationship between contractual
incompleteness, technological complementarities, and technology adoption. In our model a
firm chooses its technology and investment levels in contractible activities by suppliers of ...
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