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    Three Essays on Industrial Organization

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    Lee_ku_0099D_10115_DATA_1.pdf (459.0Kb)
    Issue Date
    2008-12-18
    Author
    Lee, Yang Seung
    Publisher
    University of Kansas
    Format
    101 pages
    Type
    Dissertation
    Degree Level
    Ph.D.
    Discipline
    Economics
    Rights
    This item is protected by copyright and unless otherwise specified the copyright of this thesis/dissertation is held by the author.
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    Abstract
    The dissertation discusses issues in the field of industrial organization. When the government provides better infrastructure to competing firms for innovation, private firms' R&D expenditures are affected. When the government doesn't assure project completion, the uncertainty impacts private firms' R&D expenditures. Two cases are discussed: non-drastic and drastic innovation. The second chapter explores the overemphasis of homeruns in baseball. In theory, if homeruns are overemphasized, uncertainty of total base is increased. Empirically, the opportunity costs behind a triple and a double, and the dominance of a double over a triple verify this overemphasis theory. The third chapter concentrates on the trade policies for an oligopoly market. Subsidy policy converges to direct quantity control. The government reallocates any subsidy for infrastructure to maximize the discounted social benefit for infinite horizon. In this process, the market uncertainty is reduced, and subsidy also converges to direct quantity control.
    URI
    http://hdl.handle.net/1808/5331
    Collections
    • Dissertations [4321]
    • Economics Dissertations and Theses [169]

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    Contact KU ScholarWorks
    785-864-8983
    KU Libraries
    1425 Jayhawk Blvd
    Lawrence, KS 66045
    785-864-8983

    KU Libraries
    1425 Jayhawk Blvd
    Lawrence, KS 66045
    Image Credits
     

     

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