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Creative Destruction and Productive Preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - C.E.P.R. Discussion Papers - 2011
We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Preemptive acquisitions by incumbents are shown to stimulate the...
Persistent link: https://www.econbiz.de/10008865973
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The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists
Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2006
Exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent firms, due to strategic product market effects....
Persistent link: https://www.econbiz.de/10005791605
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The new empirical economics of management
Bloom, Nicholas; Lemos, Renata; Sadun, Raffaella; Scur, … - C.E.P.R. Discussion Papers - 2014
Over the last decade the World Management Survey (WMS) has collected firm-level management practices data across multiple sectors and countries. We developed the survey to try to explain the large and persistent TFP differences across firms and countries. This review paper discusses what has...
Persistent link: https://www.econbiz.de/10011084245
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Two neglected origins of inequality : hierarchical power and care work
Cetrulo, Armanda; Guarascio, Dario; Virgillito, Maria Enrica - 2024
Are wages really a good proxy of the value of labour? Or, alternatively, do they largely reflect socio-institutional embedded practices of current societies according to which a manager deserves to be paid more than a nurse? This paper studies the determinants of wage remuneration and wage...
Persistent link: https://www.econbiz.de/10014481166
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Varieties of deindustrialization and patterns of diversification : why microchips are not potato chips
Dosi, Giovanni; Riccio, Federico; Virgillito, Maria Enrica - 2020
Contrarily to the notion of a natural tendency of deindustrialization, this paper, documenting the existence of a variety of patterns of deindustrialization, performs a cross-country, long-term analysis. Looking at industrial sectors and their technological characteristics, categorised on the...
Persistent link: https://www.econbiz.de/10012214803
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Strategic sectors and essential jobs : a new taxonomy based on employment multipliers
Cresti, Lorenzo; Virgillito, Maria Enrica - 2022
In this paper we propose a novel sectoral taxonomy integrating three different attributes of sectors, namely i) the strategic dimension reflected into their belonging to different classes of the Pavitt taxonomy, ii) the capacity to create jobs both internally and externally with respect to their...
Persistent link: https://www.econbiz.de/10013363016
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Fiscal Policy, Labour Unions and Monetary Institutions: Their Long Run Impact on Unemployment, Inflation and Welfare
Cukierman, Alex; Dalmazzo, Alberto - C.E.P.R. Discussion Papers - 2007
OBJECTIVES AND MOTIVATION: This paper considers the impact of interactions between fiscal policy and monetary institutions in the presence of unionized labour markets on economic outcomes and welfare in the long run. Two main classes of questions are investigated. First, what is the impact of...
Persistent link: https://www.econbiz.de/10005124139
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Fiscal-Monetary Policy Interactions in the Presence of Unionized Labour Markets
Cukierman, Alex; Dalmazzo, Alberto - C.E.P.R. Discussion Papers - 2005
market institutions and monetary policy-making institutions on economic performance in the presence of strategic interactions …
Persistent link: https://www.econbiz.de/10005124224
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Automation, digitalization and decarbonization in the European automotive industry : a roadmap towards a just transition
Cetrulo, Armanda; Dosi, Giovanni; Moro, Angelo; Nelli, … - 2023
This position paper outlines the characteristics of the trends at stake in affecting the twin transition in the European automotive industry, and the political economy of the actors behind such transition. We first describe the automation and digitalization processes in the automotive sector and...
Persistent link: https://www.econbiz.de/10014393142
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Herding cats? Management and university performance
McCormack, John; Propper, Carol; Smith, Sarah L. - C.E.P.R. Discussion Papers - 2013
Using a tried and tested measure of management practices which has been shown to predict firm performance, we survey … incentives for staff recruitment, retention and promotion, are correlated with both teaching and research performance conditional … on resources and past performance. Moreover, this relationship holds for all universities, not just research …
Persistent link: https://www.econbiz.de/10011084536