Disclosure Policies in All-pay Auctions with Endogenous Entry

2019 ◽  
Author(s):  
Bo Chen
Keyword(s):  
Endogenous Entry

scholarly journals Innovation, Reallocation, and Growth

2018 ◽  
Vol 108 (11) ◽  
pp. 3450-3491 ◽  
Author(s):  
Daron Acemoglu ◽  
Ufuk Akcigit ◽  
Harun Alp ◽  
Nicholas Bloom ◽  
William Kerr
Keyword(s):  
Productivity Growth ◽  
Endogenous Entry ◽  
Entry And Exit ◽  
Firm Level ◽  
High Type ◽  
Percent Improvement ◽  
Us Census ◽  
Innovative Capacity ◽  
Firm Entry And Exit ◽  
Central Economic

We build a model of firm-level innovation, productivity growth, and reallocation featuring endogenous entry and exit. A new and central economic force is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model using US Census microdata on firm-level output, R&D, and patenting. The model provides a good fit to the dynamics of firm entry and exit, output, and R&D. Taxing the continued operation of incumbents can lead to sizable gains (of the order of 1.4 percent improvement in welfare) by encouraging exit of less productive firms and freeing up skilled labor to be used for R&D by high-type incumbents. Subsidies to the R&D of incumbents do not achieve this objective because they encourage the survival and expansion of low-type firms. (JEL D21, D24, H25, L52, O31, O34)

scholarly journals Endogenous Entry, Product Variety, and Business Cycles

2007 ◽  
Author(s):  
Florin Bilbiie ◽  
Fabio Ghironi ◽  
Marc Melitz
Keyword(s):  
Business Cycles ◽  
Product Variety ◽  
Endogenous Entry

Participation incentives in rank order tournaments with endogenous entry

2008 ◽  
Vol 95 (1) ◽  
pp. 1-23 ◽  
Author(s):  
Timothy Mathews ◽  
Soiliou Daw Namoro
Keyword(s):  
Rank Order ◽  
Endogenous Entry
Sign in / Sign up

Export Citation Format

Share Document