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R&D Subsidies In Permissive And Restrictive Environment: Evidence From Korea, Yumi KOH, Gea M. LEE 2023 Singapore Management University

R&D Subsidies In Permissive And Restrictive Environment: Evidence From Korea, Yumi Koh, Gea M. Lee

Research Collection School Of Economics

This paper investigates the extent to which a regulatory environment for R&D subsidies shapes the magnitude and direction of R&D subsidies set by a government and consequent innovation paths. When the WTO adopted a permissive regulatory environment, we find that the Korean government increased R&D subsidies significantly (89.21%) and selectively so for firms and industries with higher returns. Recipient firms conducted less basic research and more development research. Improvements in innovations were mostly incremental and minor. However, such changes did not persist once the WTO switched to a restrictive regulatory environment. Our findings show that the ...


Research On The Strategy Of China-Myanmar-Indian Ocean New Channel—Application Of Double Helix Methodology In Think Tanks To Planning Cross-Border Multimodal Transportation Of Ocean Shipping, Highway And Railway, Dawei SONG, Lu ZHAO, Xi SHEN, Feng ZHANG, Guanghui WANG, Changxin LIU, Yongbin ZHU 2022 Institutes of Science and Development, Chinese Academy of Sciences, Beijing 100190, China

Research On The Strategy Of China-Myanmar-Indian Ocean New Channel—Application Of Double Helix Methodology In Think Tanks To Planning Cross-Border Multimodal Transportation Of Ocean Shipping, Highway And Railway, Dawei Song, Lu Zhao, Xi Shen, Feng Zhang, Guanghui Wang, Changxin Liu, Yongbin Zhu

Bulletin of Chinese Academy of Sciences (Chinese Version)

The construction of China-Myanmar-Indian Ocean New Channel is of far-reaching significance for adapting to the reconstruction of the global industrial chain and supply chain, building a new development pattern of domestic and international double circulation, and effectively breaking the "Malacca Dilemma". The research group of Institutes of Science and Development in Chinese Academy of Sciences systematically carried out the research on the strategy of China-Myanmar-Indian Ocean New Channel construction based on the logical vision of the double helix methodology in think tanks, and creatively proposed the strategic layout of the "double Y" China-Myanmar-Indian Ocean New Channel. The research group further ...


Essays On Advertising, Sodium Intake, And Soda Taxes, Ezgi Cengiz 2022 University of Massachusetts Amherst

Essays On Advertising, Sodium Intake, And Soda Taxes, Ezgi Cengiz

Doctoral Dissertations

This dissertation empirically explores the economics of advertising, sodium intake, and sweetened beverage taxes in food and beverages industries in the United States. I use recent advances in econometrics and statistics and provide causally interpretable results to deepen our understanding of how individuals respond to changes in advertising and public health policies in consumer packaged good industries.

In the first chapter, titled “Is traditional advertising effective? New evidence from mass-produced lager beer in the United States,” I present new evidence regarding the effectiveness of traditional advertising on product demand for mass-produced lager beer in the United States using data on ...


Organizations As Agents For Well-Being: How An Organizational Orientation To “Do Good” Could Lead To Flourishing, Andrew Frick 2022 University of Pennsylvania

Organizations As Agents For Well-Being: How An Organizational Orientation To “Do Good” Could Lead To Flourishing, Andrew Frick

Master of Applied Positive Psychology (MAPP) Capstone Projects

It has been proposed that flourishing individuals enable flourishing organizations which leads to a flourishing world. However, is it also possible that by focusing on building a flourishing world a reciprocal elevation of organizational flourishing and individual flourishing can occur? This paper discusses well-being, the progression of research regarding organizational orientation to do good, and mirror flourishing. The amplification effect of virtuousness, along with the heliotropic effect, provide support to the theorized concept of mirror flourishing. In addition, this paper proposes a study design using appreciative inquiry to conduct interviews to better understand how an organization’s orientation to do ...


Selling Antitrust, Herbert J. Hovenkamp 2022 University of Pennsylvania Carey Law School

Selling Antitrust, Herbert J. Hovenkamp

Faculty Scholarship at Penn Carey Law

Antitrust enforcers and its other defenders have never done a good job of selling their field to the public. That is not entirely their fault. Antitrust is inherently technical, and a less engaging discipline to most people than, say, civil rights or criminal law. The more serious problem is that when the general press does talk about antitrust policy it naturally gravitates toward the fringes, both the far right and the far left. Extreme rhetoric makes for better press than the day-to-day operations of a technical enterprise. The extremes are often stated in overdramatized black-and-white terms that avoid the real ...


President Biden's Executive Order On Promoting Competition: An Antitrust Analysis, Herbert J. Hovenkamp 2022 University of Pennsylvania Carey Law School

President Biden's Executive Order On Promoting Competition: An Antitrust Analysis, Herbert J. Hovenkamp

Faculty Scholarship at Penn Carey Law

In July, 2021, President Biden signed a far ranging Executive Order directed to promoting competition in the American economy. This paper analyzes issues covered by the Order that are most likely to affect the scope and enforcement of antitrust law. The only passage that the Executive Order quoted from a Supreme Court antitrust decision captures its antitrust ideology well – that the Sherman Act:

rests on the premise that the unrestrained interaction of competitive forces will yield the best allocation of our economic resources, the lowest prices, the highest quality and the greatest material progress, while at the same time providing ...


Essays On Industrial Organization And Health Economics, Cecilia S. Diaz Campo 2022 The University of Western Ontario

Essays On Industrial Organization And Health Economics, Cecilia S. Diaz Campo

Electronic Thesis and Dissertation Repository

My thesis consists of three chapters studying the impact of health insurance design and public health policy on consumers’ health and health care utilization, welfare, and costs.

Chapter 2 studies an overlooked dynamic incentive that encourages health care utilization, which I term \textit{dynamic moral hazard}. Typical health plans feature high deductibles and caps on consumers' out-of-pocket spending, which generate nonlinear pricing. These nonlinearities, coupled with the uncertainty intrinsic to future health care demand, encourage consumers to increase spending since current utilization lowers future expected prices. Standard models study health care utilization decisions through the lens of annual models, which ...


Too Much Of A Good Thing? A Governing Knowledge Commons Review Of Abundance In Context, Michael J. Madison, Brett M. Frischmann, Madelyn Sanfilippo, Katherine J. Strandburg 2022 University of PIttsburgh School of Law

Too Much Of A Good Thing? A Governing Knowledge Commons Review Of Abundance In Context, Michael J. Madison, Brett M. Frischmann, Madelyn Sanfilippo, Katherine J. Strandburg

Articles

The economics of abundance, along with the sociology of abundance, the law of abundance, and so forth, should be re-framed, linked, and situated in a common context for empirical rather than conceptual research. Abundance may seem to be a new, big thing, between anxiety over information overload, Big Data, and related technological disruptions. But scholars know that abundance is an ancient phenomenon, which only seemed to disappear as twentieth century social science focused on scarcity instead. Restoring the study of abundance, and figuring out how to solve the problems that abundance might create, means shedding disciplinary blinders and going back ...


The Distributional Impacts Of Transportation Networks In China, Lin MA, Tang YANG 2022 Singapore Management University

The Distributional Impacts Of Transportation Networks In China, Lin Ma, Tang Yang

Research Collection School Of Economics

This paper evaluates the distributional impacts of transportation networks in China.We show that the quality of roads and railroads vary substantially over time and space, and ignoring these variations biases the estimates of travel time. To account for quality differences, we construct a new panel dataset and approximate quality using the design speed of roads and railroads that varies by vintage, class, and terrain at the pixel level. We then build a dynamic spatial general equilibrium model that allows for multiple modes and routes of transportation and forward-looking migration decision.We find aggregate welfare gain and less spatial income ...


Impact And Enlightenment Of Eu’S “Industry 5.0” To High-Quality Development Of China’S Manufacturing—Research On Application Of Think Tank Double Helix Methodology, Lu ZHAO, Dawei SONG, Feng ZHANG, Jiaofeng PAN 2022 Institutes of Science and Development, Chinese Academy of Sciences, Beijing 100190, China

Impact And Enlightenment Of Eu’S “Industry 5.0” To High-Quality Development Of China’S Manufacturing—Research On Application Of Think Tank Double Helix Methodology, Lu Zhao, Dawei Song, Feng Zhang, Jiaofeng Pan

Bulletin of Chinese Academy of Sciences (Chinese Version)

The world is experiencing a great change with the combined impact of the COVID-19 pandemic. In the post-epidemic era, the world's major economies have begun to plan their strategic adjustments, economic revival and transformation. Industry 5.0, as the EU's new strategy to plan the "New Industrial Revolution" and promote industrial transformation in Europe, has raised wide attentions in the world and has become a hotspot of think tank research. Guided by the think tank double helix methodology, this study constructed a cognitive framework to study industrial strategy and its related complex system issues such as international relations ...


Three Essays On Public Policy And Welfare In Developing Countries, Alvaro Jeronimo Callejas 2022 University of Massachusetts Amherst

Three Essays On Public Policy And Welfare In Developing Countries, Alvaro Jeronimo Callejas

Doctoral Dissertations

Developing countries typically implement public policies that modify the market structure to reach a specific goal. However, in this attempt to achieve a policy objective, policymakers may not consider unintended consequences caused by firms' and consumers' optimizing behavior. Moreover, the reaction of market agents to the implemented policy may undermind its effectiveness or lead to an outcome opposite to the one persuaded. This dissertation uses a set of structural models to assess the welfare effect of both intended and unintended consequences of public policies introduced in developing countries.

In the first chapter, we evaluate the welfare implications of a public ...


Antitrust Liability For False Advertising: A Response To Carrier & Tushnet, Susannah Gagnon, Herbert J. Hovenkamp 2022 University of Pennsylvania

Antitrust Liability For False Advertising: A Response To Carrier & Tushnet, Susannah Gagnon, Herbert J. Hovenkamp

Faculty Scholarship at Penn Carey Law

This reply briefly considers when false advertising can give rise to antitrust liability. The biggest difference between tort and antitrust liability is that the latter requires harm to the market, which is critically dependent on actual consumer response. As a result, the biggest hurdle a private plaintiff faces in turning an act of false advertising into an antitrust offense is proof of causation – to what extent can a decline in purchase volume or other market rejection be specifically attributed to the defendant’s false claims? That requirement dooms the great majority of false advertising claims attacked as violations of the ...


The Slogans And Goals Of Antitrust Law, Herbert J. Hovenkamp 2022 University of Pennsylvania Carey Law School

The Slogans And Goals Of Antitrust Law, Herbert J. Hovenkamp

Faculty Scholarship at Penn Carey Law

This is a comparative examination of the slogans and goals most advocated for antitrust law today – namely, that antitrust should be concerned with “bigness,” that it should intervene when actions undermine the “competitive process,” or that it should be concerned about promoting some conception of welfare. “Bigness” as an antitrust concern targets firms based on absolute size rather than share of a market, as antitrust traditionally has done. The bigness approach entails that antitrust cannot be concerned about low prices, or the welfare of consumers and labor. Nondominant firms could not sustain very high prices or cause significant reductions in ...


Government By Code? Blockchain Applications To Public Sector Governance, Pedro Bustamante, Meina Cai, Marcela Gomez, Colin Harris, Prashabnt Krishnamurthy, Wilson Law, Michael J. Madison, Ilia Murtazashvili, Jennifer Brick Murtazashvili, Tymofiy Mylovanov, Nataliia Shapoval, Annette Vee, Martin B. H. Weiss 2022 University of Pittsburgh - School of Information Sciences, Students

Government By Code? Blockchain Applications To Public Sector Governance, Pedro Bustamante, Meina Cai, Marcela Gomez, Colin Harris, Prashabnt Krishnamurthy, Wilson Law, Michael J. Madison, Ilia Murtazashvili, Jennifer Brick Murtazashvili, Tymofiy Mylovanov, Nataliia Shapoval, Annette Vee, Martin B. H. Weiss

Articles

Studies of blockchain governance can be divided into analyses of the governance of blockchains (such as rules and power dynamics within a given network) and governance by blockchains (such as how blockchains can be implemented to improve self-governance of community-based peer production networks). Less emphasis has been placed on applications of distributed ledgers to public sector governance. Our review clarifies that the decentralization and distributive features that enable blockchains to link up loosely connected private organizations and public agencies to improve efficiency and transparency of government transactions. However, most blockchain applications lack clear advantages over the conventional digital recording of ...


The Role Of Data For Ai Startup Growth, James Bessen, Stephen Michael Impink, Lydia Reichensperger, Robert Seamans 2022 Boston University School of Law

The Role Of Data For Ai Startup Growth, James Bessen, Stephen Michael Impink, Lydia Reichensperger, Robert Seamans

Faculty Scholarship

Artificial intelligence (“AI”)-enabled products are expected to drive economic growth. Training data are important for firms developing AI-enabled products; without training data, firms cannot develop or refine their algorithms. This is particularly the case for AI startups developing new algorithms and products. However, there is no consensus in the literature on which aspects of training data are most important. Using unique survey data of AI startups, we find that startups with access to proprietary training data are more likely to acquire venture capital funding.


Butterfly Pattern: Innovative Exploration Of Scientific Research Paradigm In Era Of Big Science—Based On 15-Year Practice Of Integrated Development Of Science And Industry In Shenzhen Institute Of Advanced Technology (Siat), Chinese Academy Of Sciences, Jianping FAN 2022 Shenzhen Institute of Advanced Technology, Chinese Academy of Sciences, Shenzhen 518055, China

Butterfly Pattern: Innovative Exploration Of Scientific Research Paradigm In Era Of Big Science—Based On 15-Year Practice Of Integrated Development Of Science And Industry In Shenzhen Institute Of Advanced Technology (Siat), Chinese Academy Of Sciences, Jianping Fan

Bulletin of Chinese Academy of Sciences (Chinese Version)

In the era of big science, the innovation chain and the industry chain are deeply integrated, promoting the continuous evolution of the underlying logic of the "linear model" and the "Pasteur's quadrant". The world scientific research is gradually evolving to the collaborative interaction of innovative subjects and the system integration of various elements. On the basis of in-depth exploration of the linear model and Pasteur's quadrant, SIAT focuses on creating a closed-loop ecology of the innovation chain and industrial chain. By integrating science and industry from design to advancing, SIAT has built a "butterfly pattern", which integrates and ...


Essays In Advertising, Regulation And Consumer Naivety, Aastha Gupta 2022 Southern Methodist University

Essays In Advertising, Regulation And Consumer Naivety, Aastha Gupta

Economics Theses and Dissertations

This dissertation consists of three essays that focus on the theoretical analysis of regulation of firm’s communication regarding the quality of its product and the impact of such regulation on market outcome.

The first essay, “Advertising Through Influencers and Disclosure Regulation”, focuses on the recent FTC regulations which require mandatory disclosure of all paid advertising content through social media influencers. This chapter investigates the impact of this disclosure policy on market outcomes when the influencer has the expertise to evaluate product quality and influence the beliefs of both potential buyers as well as the firm. In markets where the ...


Strengthening The Southern Nevada Workforce Pipeline, Katie M. Gilbertson 2022 University of Nevada, Las Vegas

Strengthening The Southern Nevada Workforce Pipeline, Katie M. Gilbertson

Student Papers / Brookings Minor Culminating Projects

Workforce development has been a keystone in the discussion of economic diversification of Las Vegas for decades. The leisure and hospitality industry is the lifeline for the Southern Nevada economy due to the reliance on tourism as the city’s main economic driver. The leisure and hospitality industry requires physical labor and more face-to-face customer interaction than other employment sectors. Thus, these jobs often do not require high educational attainment, but rather sharp soft skills like effective listening, nonverbal communication, and negotiation strategies. While these are valuable traits, the lack of educational attainment within the leisure and hospitality workforce suppresses ...


Essays On Nonparametric Benchmarking Of Energy Firms And Natural Gas Market Integration, Matthew Cronin 2022 Clemson University

Essays On Nonparametric Benchmarking Of Energy Firms And Natural Gas Market Integration, Matthew Cronin

All Dissertations

My dissertation focuses on issues related to the technical efficiency of energy firms as well as the integration of U.S. natural gas markets during the era of shale gas expansion of the early 2000s. In the first chapter, I use nonparametric methods to estimate changes in efficiency and productivity of natural gas pipelines in the U.S. during the period of shale gas expansion during 2007--2018. This period, known as the Shale Revolution, saw an increase in shale gas production from less that 5 billion cubic feet per day (BCF/d) in 2007 to over 60 BCF/d in ...


Essays On Bank Performance, Strategic Behavior, And Community Development With A Focus On Minority Depository Institutions And The Political Economy Of Forgiving Student Loans, Guncha Babajanova 2022 Clemson University

Essays On Bank Performance, Strategic Behavior, And Community Development With A Focus On Minority Depository Institutions And The Political Economy Of Forgiving Student Loans, Guncha Babajanova

All Dissertations

I explore questions related to financial institutions, the accessibility of financial services, community development, and the political economy of forgiving student loans using the ideas from spatial economics, industrial organization, and public choice. Increased access to financial services improves the economic outcomes of individuals and firms in the community. Understanding sources leading to a lower accessibility of financial services is integral for an effective endeavor to lower barriers to financial services with far-reaching policy and economic implications. The economic literature provides evidence of the beneficial effects of increased access to financial services as well as the adverse effects of diminished ...


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