Boekbesprekingen - Reviews

Ohne Zusammenfassung     

Friend or Foe?— Farmer Perceptions of Biotechnologh1

This paper is the result of survey investigation the attitudes of Western Canadian farmers toward two biotechonological products, ENFIX-L and PB-50. Farmers were asked to rate both the importance and the performance of 21 attributes of the products. Soil depletion was found to be an important concern to many farmers. personal and environmental risks were less of a concern. Overall, it was found that the non-biotech-nological aspects of a product would prevail in purchasing decisions.     

Productivity differences and the dynamic effects of labor movements

Barriers to labor mobility across countries coexist with substantial differences in living standards largely attributable to productivity differences. A growth model with endogenous labor movements is used to assess the effects on output, capital accumulation and welfare of removing barriers to labor mobility. The model is parameterized so that it is consistent with evidence on historical labor movements, and is applied to two cases: the enlargement of the European Union and the (hypothetical) creation of a common labor market in the North America. The main finding is that there are large resulting gains in terms of output and welfare.     

Smart World: Breakthrough Creativity and the New Science of Ideas by Richard Ogle and The Medici Effect: What Elephants & Epidemics Can Teach Us about Innovation by Frans Johansson

As Ruediger Klein leads off in this group of reviews, "Innovation is everywhere—or so it seems." Most of these reviews center on idea generation and processing. It will be interesting to see if—as Klein forecasts—this is indeed the decade of innovation and creativity.
In the next issue, we will try to be more balanced—or we may get even more creative!
Books reviewed in this issue:

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  Smart World: Breakthrough Creativity and the New Science of Ideas
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  The Medici Effect: What Elephants & Epidemics Can Teach Us about Innovation
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  Getting to Innovation: How Asking the Right Questions Generates the Great Ideas Your Company Needs
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  Hidden in Plain Sight
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  Human Factors in Project Management
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  The Fast Path to Corporate Growth: Leveraging Knowledge and Technologies to New Market Applications

     

Information Sharing in Contests

We study the incentives to share private information ahead of contests, such as markets with promotional competition, procurement contests, or research and development (R&D). We consider the cases where firms have (i) independent values and (ii) common values of winning the contest. In both cases, when decisions to share information are made independently, sharing information is strictly dominated. With independent values, an industry‐wide agreement to share information can arise in equilibrium. Expected effort is lower with than without information sharing. With common values, an industry‐wide agreement to share information never arises in equilibrium. Expected effort is higher with than without information sharing.