| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3396 |
| DP3396 Welfare Effects of Employment Protection | |
| Jan C. van Ours; jan boone; Michele Belot | |
| 发表日期 | 2002-05-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | By choosing their organizations, firms trade-off productive efficiency and time spent in implementing innovation. We embed such a productivity/reactivity trade-off in a growth model with creative destruction. We first highlight the specific impact of time in firm competition: in addition to weighing costs and benefits of late adoption, firms use time as a strategic variable through the possibility of overtaking their competitors. Due to this very specificity of time competition, multiple equilibria may emerge: when firms adopt quickly, their stock market valuation is larger, and they innovate more and produce less. Moreover, the IT revolution is shown to favour quick implementation via a general equilibrium feedback on organizational choice. |
| 主题 | Industrial Organization |
| 关键词 | Firm organisation Reactivity Innovation Competition |
| URL | https://cepr.org/publications/dp3396 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532418 |
| 推荐引用方式 GB/T 7714 | Jan C. van Ours,jan boone,Michele Belot. DP3396 Welfare Effects of Employment Protection. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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