Market power and innovation in the intangible economy (Record no. 525535)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01264nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 240320b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Ridder, Maarten De |
| 245 ## - TITLE STATEMENT | |
| Title | Market power and innovation in the intangible economy |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | The American Economic Review |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | 114(1), Jan, 2024: p.199-251 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | This paper offers a unified explanation for the slowdown of productivity growth, the decline in business dynamism, and the rise of market power. Using a quantitative framework, I show that the rise of intangible inputs, such as software, can explain these trends. Intangibles reduce marginal costs and raise fixed costs, which gives firms with high-intangible adoption a competitive advantage, in turn deterring other firms from entering. I structurally estimate the model on French and US micro data. After initially boosting productivity, the rise of intangibles causes a decline in productivity growth, consistent with the empirical trends observed since the mid-1990s.- Reproduced https://www.aeaweb.org/articles?id=10.1257/aer.20201079 |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Production, Pricing, and Market Structure; Size Distribution of Firms |
| 9 (RLIN) | 50692 |
| 773 ## - HOST ITEM ENTRY | |
| Main entry heading | The American Economic Review |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) | |
| Subject DIP | PRODUCTION |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Item type | Articles |
| Withdrawn status | Lost status | Source of classification or shelving scheme | Damaged status | Not for loan | Permanent location | Current location | Date acquired | Serial Enumeration / chronology | Barcode | Date last seen | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Indian Institute of Public Administration | Indian Institute of Public Administration | 2024-03-20 | 114(1), Jan, 2024: p.199-251 | AR131333 | 2024-03-20 | Articles |