Institutions & Transition Economics: Microeconomic Issues eJournal最新文献

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Inter-Firm Patent Litigation and Innovation Competition 企业间专利诉讼与创新竞争
Institutions & Transition Economics: Microeconomic Issues eJournal Pub Date : 2021-07-01 DOI: 10.2139/ssrn.3298557
Jongsub Lee, Seungjoon Oh, Paula Suh
{"title":"Inter-Firm Patent Litigation and Innovation Competition","authors":"Jongsub Lee, Seungjoon Oh, Paula Suh","doi":"10.2139/ssrn.3298557","DOIUrl":"https://doi.org/10.2139/ssrn.3298557","url":null,"abstract":"Using novel inter-firm patent litigation data, we show a significant interplay between intellectual property rights’ boundaries and product market dynamics. Instrumenting a firm’s patent litigation propensity with the passage of China’s National Intellectual Property Strategy reform, we find that patent litigation reduces defendant firms’ innovation activity and fosters more exploitative innovations. The effects strengthen with product market overlap between litigants. We further find that patent litigation intensifies product market competition among close rivals and results in lower and more disperse innovation activities within industry, implying an industry structure where Schumpeterian effect of competition is more likely.","PeriodicalId":13677,"journal":{"name":"Institutions & Transition Economics: Microeconomic Issues eJournal","volume":"8 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83931131","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
A Network Theory of Safety Premium 安全溢价的网络理论
Institutions & Transition Economics: Microeconomic Issues eJournal Pub Date : 2021-06-21 DOI: 10.2139/ssrn.3870960
Zhong Fan, P. He, Zehao Liu
{"title":"A Network Theory of Safety Premium","authors":"Zhong Fan, P. He, Zehao Liu","doi":"10.2139/ssrn.3870960","DOIUrl":"https://doi.org/10.2139/ssrn.3870960","url":null,"abstract":"Interconnected banks are prone to the propagation of negative shocks. In a network with banks borrowing from each other using collateral, the risk of financial contagion leads to the emergence of multiple equilibria, featuring different sizes of loans and collateral haircuts. Safe assets are traded at a premium because safe collateral helps the economy to deter the propagation of negative shocks. A small decrease in collateral quality, increasing the contagion risk, might lead to an equilibrium jump to one with a smaller amount of interbank lending, along with which the safety premium will suddenly increase.","PeriodicalId":13677,"journal":{"name":"Institutions & Transition Economics: Microeconomic Issues eJournal","volume":"7 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-06-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78424922","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Competition and Fatigue 竞争和疲劳
Institutions & Transition Economics: Microeconomic Issues eJournal Pub Date : 2021-05-28 DOI: 10.2139/ssrn.3348516
V. Angelova, Thomas Giebe, Radosveta Ivanova-Stenzel
{"title":"Competition and Fatigue","authors":"V. Angelova, Thomas Giebe, Radosveta Ivanova-Stenzel","doi":"10.2139/ssrn.3348516","DOIUrl":"https://doi.org/10.2139/ssrn.3348516","url":null,"abstract":"We study how subjects deal with fatigue in a sequence of tournaments that are linked through fatigue spillovers. Our contribution is threefold. First, we develop a model that allows us to predict the consequences of varying the severity of competition as well as the ease of recovery over time. Second, we test how fatigue spillovers affect subjects' effort provision. Third, as we employ both, a chosen-effort and a real-effort task, we contribute to the methodological question of the consistency of insights obtained from both paradigms. Our experimental results suggest that subjects have difficulties in dealing with fatigue within a dynamic competitive environment. The model predicts strategic resting before and after a tournament with higher incentives. While an increase in incentives in one tournament does lead to higher effort in that tournament, we do not observe the expected strategic resting before and after that tournament. As a consequence, the increase in incentives does not yield the expected higher total effort.","PeriodicalId":13677,"journal":{"name":"Institutions & Transition Economics: Microeconomic Issues eJournal","volume":"440 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78787824","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Rent Seeking in Blockchain Governance: The Awkward Transition From Market Decision Making to Non-market Decision Making 区块链治理中的寻租:从市场决策到非市场决策的尴尬过渡
Institutions & Transition Economics: Microeconomic Issues eJournal Pub Date : 2021-03-08 DOI: 10.2139/ssrn.3801103
C. Berg
{"title":"Rent Seeking in Blockchain Governance: The Awkward Transition From Market Decision Making to Non-market Decision Making","authors":"C. Berg","doi":"10.2139/ssrn.3801103","DOIUrl":"https://doi.org/10.2139/ssrn.3801103","url":null,"abstract":"Blockchains and applications built on blockchains are decentralised ecosystems that are nonetheless built by centralised firms. The typical launch and maturity of a blockchain ecosystem involves the transition from an entrepreneurial institutional arrangement characterised by market decisionmaking to a decentralised one characterised by non-market decisionmaking. This paper considers how to assess rentseeking in the context of blockchain governance. Rentseeking in blockchain implementations and ecosystems occurs when participants seek rewards or privileges in excess what would be considered a market contribution after a certain threshold of decentralisation. The paper considering two controversies in blockchain governance – the Zcash founders’ reward and the SushiSwap developer fund – which involved the intertwining of mechanisms to fund public goods with mechanisms to compensate founders for their entrepreneurial effort. The paper finds that the normative ideal of decentralisation in blockchain governance has a parallel function to the normative ideal of liberal governance in political systems.","PeriodicalId":13677,"journal":{"name":"Institutions & Transition Economics: Microeconomic Issues eJournal","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87734039","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Анализ регулирования налогообложения и учета нематериальных активов как важной составляющей цифровой экономики (Analysis of Tax Regulation and Accounting of Intangible Assets as an Important Component of the Digital Economy)
Institutions & Transition Economics: Microeconomic Issues eJournal Pub Date : 2020-12-17 DOI: 10.2139/ssrn.3792739
N. Kornienko, Elena Minina, G. Korolev, A. V. Zaderaka, Ekaterina Mitrofanova, A. F. Bogatyreva
{"title":"Анализ регулирования налогообложения и учета нематериальных активов как важной составляющей цифровой экономики (Analysis of Tax Regulation and Accounting of Intangible Assets as an Important Component of the Digital Economy)","authors":"N. Kornienko, Elena Minina, G. Korolev, A. V. Zaderaka, Ekaterina Mitrofanova, A. F. Bogatyreva","doi":"10.2139/ssrn.3792739","DOIUrl":"https://doi.org/10.2139/ssrn.3792739","url":null,"abstract":"<b>Russian abstract:</b> Для бизнеса в России и в мире нематериальные активы являются необходимой составляющей развития и конкурентоспособности, поэтому есть все основания полагать, что доля нематериальных активов в деятельности компаний будет увеличиваться. Это будет определять развитие экономики.<br><br><b>English abstract:</b> For business in Russia and in the world, intangible assets are a necessary component for development and competitiveness, therefore, there is every reason to believe that the share of intangible assets in the activities of companies will increase. This will shape the development of the economy.","PeriodicalId":13677,"journal":{"name":"Institutions & Transition Economics: Microeconomic Issues eJournal","volume":"28 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78184907","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Sex Work and Online Platforms: What Should Regulation Do? 性工作和网络平台:监管应该做什么?
Institutions & Transition Economics: Microeconomic Issues eJournal Pub Date : 2020-10-23 DOI: 10.2139/ssrn.3717638
Nick Cowen, Rachela Colosi
{"title":"Sex Work and Online Platforms: What Should Regulation Do?","authors":"Nick Cowen, Rachela Colosi","doi":"10.2139/ssrn.3717638","DOIUrl":"https://doi.org/10.2139/ssrn.3717638","url":null,"abstract":"PurposeThe purpose is to assess the impact of online platforms on the sex industry, focusing specifically on direct sex work, and evaluate what approaches to platform regulation is likely to align with the interests of sex workers.Design/methodology/approachThe paper presents a review of interdisciplinary conceptual and empirical literature on sex work combined with analysis of key issues using a transaction cost framework.FindingsOnline platforms generally make sex work safer. Regulation aimed at preventing platforms from serving sex workers is likely to harm their welfare.Research limitations/implicationsRegulation of online platforms should take great care to differentiate coercive sex from consensual sex work, and allow sex workers to experiment with governance mechanisms provided by entrepreneurs.Originality/valueThe paper demonstrates how a transactions costs approach to market behaviour as applied to personal services like ridesharing can also shed light on the challenges that sex workers face, partly as a result of criminalisation, and the dangers of over-regulation.","PeriodicalId":13677,"journal":{"name":"Institutions & Transition Economics: Microeconomic Issues eJournal","volume":"14 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78521734","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
The Factors of Family Business Successor Readiness and How Their Impact on the Business Transition From Successors’ Perspectives 接班人视角下家族企业接班人准备因素及其对企业转型的影响
Institutions & Transition Economics: Microeconomic Issues eJournal Pub Date : 2020-10-20 DOI: 10.20474/jabs-6.5.4
Nattapat Chanchotiyan, Kavin Asavanant
{"title":"The Factors of Family Business Successor Readiness and How Their Impact on the Business Transition From Successors’ Perspectives","authors":"Nattapat Chanchotiyan, Kavin Asavanant","doi":"10.20474/jabs-6.5.4","DOIUrl":"https://doi.org/10.20474/jabs-6.5.4","url":null,"abstract":"Family businesses contribute more than 50% of Gross Domestic Product in global economy, though, only 13 percent of family businesses survive through third generation. Family business succession is a key to reduce the failure rate and leads to sustainable business. Recent literatures have identified many factors that lead to successful succession in family business. Nevertheless, there were few researches that focused on the successors’ perspectives. This paper aimed to 1) study the factors of family business successor readiness and 2) investigate the obstacles that are mostly found during the succession process and factors that lead to successful succession in family business from successors’ perspectives. Based on qualitative research, the study was undertaken in Thailand among eight family business successors who ran medium to large-size family businesses. They already had a successful transition in their family businesses. The participants were selected by purposive sampling technique; including family business successors from pharmaceutical industry, tea industry, packaging industry, energy industry, food processing industry, and shoe industry. The findings revealed that there were nine factors that contribute to the successor’s readiness: 1) working experience in family company, 2) working experience in other company, 3) industry specific knowledge, 4) reward or cash compensation, 5) personal interests or needs, 6) commitment to the company, 7) relationship among family members, 8) family harmony, and 9) trust in successor's ability. By addressing these nine factors appropriately from both the predecessors and successors, the family business will ensure its continuity into the future.","PeriodicalId":13677,"journal":{"name":"Institutions & Transition Economics: Microeconomic Issues eJournal","volume":"27 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-10-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80203338","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
Looking a Gift Horse in the Mouth: China’s Production Surge and Innovation in Solar Photovoltaics, 2006–2020 吹毛求疵:2006-2020年中国太阳能光伏产量激增与创新
Institutions & Transition Economics: Microeconomic Issues eJournal Pub Date : 2020-10-01 DOI: 10.2139/ssrn.3905529
D. Hart
{"title":"Looking a Gift Horse in the Mouth: China’s Production Surge and Innovation in Solar Photovoltaics, 2006–2020","authors":"D. Hart","doi":"10.2139/ssrn.3905529","DOIUrl":"https://doi.org/10.2139/ssrn.3905529","url":null,"abstract":"For all its evident benefits, China’s “gift” of cheap solar panels imposed costs as well. Most critics of China have focused on the global distribution of manufacturing jobs created by the growth of the solar industry. An even more significant impact, though, has been overlooked: a change in the industry’s pattern of innovation. Conventional indicators of product innovation, such as patenting and the ratio of research and development (R&D) to sales, dropped precipitously in the wake of the Chinese surge. The decimation of PV manufacturing outside China drove many innovative firms out of the business, in large part because they could not match the predatory prices offered by government-subsidized Chinese competitors. China’s new PV giants have innovated in important ways, especially through process innovation that moved the industry’s dominant technology rapidly down a steep experience curve. But the prospect of shifting to better, cheaper PV products with the potential for even greater emissions reductions over the long run, has been deferred or even lost.","PeriodicalId":13677,"journal":{"name":"Institutions & Transition Economics: Microeconomic Issues eJournal","volume":"5 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76525183","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Development of Proposals for Improving the Functioning of a Family Farm in a Heterogeneous Business Environment 在异质商业环境下改善家庭农场运作的建议
Institutions & Transition Economics: Microeconomic Issues eJournal Pub Date : 2020-10-01 DOI: 10.15587/2706-5448.2020.215789
I. Termosa
{"title":"Development of Proposals for Improving the Functioning of a Family Farm in a Heterogeneous Business Environment","authors":"I. Termosa","doi":"10.15587/2706-5448.2020.215789","DOIUrl":"https://doi.org/10.15587/2706-5448.2020.215789","url":null,"abstract":"The research object is the process of creating a family milk farm and its activity efficiency. One of most important requirements as to family milk farm functioning is a possibility to provide high-quality milk production that its functioning efficiency and recoupment of investments for its creation depend on. A place of family farms as small economic subjects is determined on an example of the total entrepreneurial environment of Ukraine. The scheme of the organizational-economic functioning of family farms, created on the base of rural house economies, is proposed. The dynamics of milk and milk products production and also the dynamics of prices for milk of different sort are determined. Based on conducted studies, the expedience for creating additional production capacities in the field of milk production for industrial processing is substantiated. Actual requirements as to milk quality regulation are studied. At the research there are used means of system modeling for calculating the efficiency of family milk farm functioning. There are determined Quality parameters, influencing the economic efficiency of milk production at a family farm. They include: real fat share and real protein share in milk. For realizing the calculation of the parameters for the effective milk-good production by a family milk farm, there is proposed an economic-mathematical model of its creation by two variants: minimal and optimal. Due to this model, it is possible to calculate a minimal and maximal sum of investments, and also a period of their recoupment.     Comparing with analogous well-known methods, the proposed approaches allow to determine production parameters of a family farm, to determine a sum of investments, to calculate a period of their recoupment.","PeriodicalId":13677,"journal":{"name":"Institutions & Transition Economics: Microeconomic Issues eJournal","volume":"115 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77920538","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Types of the Enterprise Financial Policy in the Process of Its Implementation 企业财务政策在实施过程中的类型
Institutions & Transition Economics: Microeconomic Issues eJournal Pub Date : 2020-09-30 DOI: 10.21303/2504-5571.2020.001442
I. Kreidych, Ju. Yereshko, V. Tovmasian
{"title":"Types of the Enterprise Financial Policy in the Process of Its Implementation","authors":"I. Kreidych, Ju. Yereshko, V. Tovmasian","doi":"10.21303/2504-5571.2020.001442","DOIUrl":"https://doi.org/10.21303/2504-5571.2020.001442","url":null,"abstract":"The current research conducts the study of the enterprise financial policy in an aspect of formalising its types in an attempt to maximize its efficiency and practical sense as the latter are basically absent due to lacking proper scientific background. That is, subsystems of financial policy are perceived by domestic scholars as its types, which make it impossible to create a rational, functioning and effective managerial system. \u0000Arranging the enterprise financial policy to specific types allows easier achievement of a chosen strategy and formulated objectives as each such type is a set of methods, levers and tools for making and implementing management decisions, which provides optimisation to this process, thus achieving the maximum efficiency of financial management \u0000The analysis of domestic scientific achievements on the researched problems, or rather total lack of such, proved the necessity to substantiate the types of enterprise financial policy. Thus, the subsystems of financial policy: depreciation, tax, dividend and others are perceived by domestic scholars as its types, which lead to an erroneous understanding of its essence and process mechanism of its implementation, and hence – the controversial scientific and practical value of existing research. \u0000The given research proposes following types of the enterprise financial policy: stabilizing financial policy, proliferative financial policy, innovative financial policy and urgent financial policy, that are meant to be used in specific economic conditions and in accordance with current managerial objectives and maximize the effectiveness of financial management.","PeriodicalId":13677,"journal":{"name":"Institutions & Transition Economics: Microeconomic Issues eJournal","volume":"67 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91021738","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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