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How Special is the Special Relationship? Using the Impact of US R&D Spillovers on UK Firms as a Test of Technology Sourcing

Griffith, Rachel; Harrison, Rupert; Van Reenen, John - C.E.P.R. Discussion Papers - 2004

How much does US-based R&D benefit other countries and through what mechanisms? We test the ‘technology sourcing’ hypothesis that foreign research labs located on US soil tap into US R&D spillovers and improve home country productivity. Using panels of UK and US firms matched to patent data...

Persistent link: https://www.econbiz.de/10005661780

Identifying Technology Spillovers and Product Market Rivalry

Bloom, Nicholas; Schankerman, Mark; Van Reenen, John - C.E.P.R. Discussion Papers - 2005

Support for many R&D and technology policies relies on empirical evidence that R&D ‘spills over’ between firms. But there are two countervailing R&D spillovers: positive effects from technology spillovers and negative effects from business stealing by product market rivals. We develop a...

Persistent link: https://www.econbiz.de/10005662082

Is Distance Dying at Last? Falling Home Bias in Fixed Effects Models of Patent Citations

Griffith, Rachel; Lee, Sokbae; Van Reenen, John - C.E.P.R. Discussion Papers - 2007

We examine the 'home bias' of international knowledge spillovers as measured by the speed of patent citations (i.e. knowledge spreads slowly over international boundaries). We present the first compelling econometric evidence that the geographical localization of knowledge spillovers has fallen...

Persistent link: https://www.econbiz.de/10005666550

Information Sharing, Research Co-Ordination and Membership of Research Joint Ventures

Barba Navaretti, Giorgio; Bussoli, Patrizia; Ulph, David; … - C.E.P.R. Discussion Papers - 2002

This Paper examines which firms from a heterogeneous pool are more likely to join together and form a research joint venture (RJV). It differs from previous contributions as it introduces a set of realistic hypothesis on the characteristics of research co-operation and information sharing....

Persistent link: https://www.econbiz.de/10005666851

Harnessing Success: Determinants of University Technology Licensing Performance

Belenzon, Sharon; Schankerman, Mark - C.E.P.R. Discussion Papers - 2007

performance. We develop and test a simple contracting model of technology licensing offices, using new survey information together …

Persistent link: https://www.econbiz.de/10005667018

Limits of Arbitrage: The State of the Theory

Gromb, Denis; Vayanos, Dimitri - C.E.P.R. Discussion Papers - 2010

We survey theoretical developments in the literature on the limits of arbitrage. This literature investigates how costs … from behavioral or from institutional considerations. We next survey, and nest within a simple model, the following costs …

Persistent link: https://www.econbiz.de/10008530340

Actual Versus Perceived Central Bank Transparency: The case of the European Central Bank

Eijffinger, Sylvester C W; Cruijsen, Carin A B van der - C.E.P.R. Discussion Papers - 2007

household survey on the European Central Bank’s transparency. To benefit from higher transparency perceptions the European …

Persistent link: https://www.econbiz.de/10005136532

Asset Prices with Heterogenous Beliefs

Basak, Suleyman - C.E.P.R. Discussion Papers - 2004

This article studies the dynamic behaviour of security prices in the presence of investors’ heterogeneous beliefs. We provide a tractable continuous-time pure-exchange model and highlight the mechanism through which investors’ differences of opinion enter into security prices. In the...

Persistent link: https://www.econbiz.de/10005661585

A Nationwide Laboratory Examining Trust and Trustworthiness by Integrating Behavioural Experiments into Representative Surveys

Fehr, Ernst; Fischbacher, Urs; Schupp, Jürgen; von … - C.E.P.R. Discussion Papers - 2003

survey data is limited by measurement error and by the questionability of their behavioural relevance. Here we present a … interaction among the participants, with a survey of non-interacting respondents in a smooth and inexpensive way. We illustrate … the power of our approach with the analysis of trust and trustworthiness in Germany by combining representative survey …

Persistent link: https://www.econbiz.de/10005661984

The Economic Impact of Central Bank Transparency: A Survey

Eijffinger, Sylvester C W; Cruijsen, Carin A B van der - C.E.P.R. Discussion Papers - 2007

We provide an up-to-date overview of the literature on the desirability of central bank transparency from an economic viewpoint. Since the move towards more transparency, a lot of research on its effects has been carried out. First, we show how the theoretical literature has evolved, by looking...

Persistent link: https://www.econbiz.de/10005666931