Showing 1 - 10 of 624
The literature on research joint ventures (RJVs) has emphasized internalizing spillovers and cost-sharing as motives for RJV formation. In this paper we develop two additional explanations: product market complementarities and firm heterogeneity. We analyse a model of RJVs with asymmetric firms...
Persistent link: https://www.econbiz.de/10005662169
innovation. We exploit the observed pattern of contributions - the 'revealed preference' of developers - to infer the underlying …
Persistent link: https://www.econbiz.de/10005789146
greatest explosion of financial innovation the world had ever seen. Financial fragility grew until the economy collapsed into … the global financial crisis. At the same time, we saw that much (or even most) of the financial innovation was directed … attention to increasing funding of the innovation process. For that reason, we will look not only to Minsky's ideas on the …
Persistent link: https://www.econbiz.de/10011545297
Only a few years ago the conventional wisdom predicted that globalization would render the demise of the region as a meaningful unit of economic analysis. Yet the obsession of policy-makers around the globe to 'create the next Silicon Valley' reveals the increased importance of geographic...
Persistent link: https://www.econbiz.de/10005661735
effect of the composition of economic activity on innovation. We test whether the specialization of economic activity within … together complementary activities, better promotes innovation. The evidence provides considerable support for the diversity …
Persistent link: https://www.econbiz.de/10005662217
specific needs of targeted markets. All these developments are leading to the globalization of innovation. Based on recent … reference model for chances and challenges of global innovation activities. …
Persistent link: https://www.econbiz.de/10010308112
the impact of a particular regulation - license requirements for certain firm activities - on the innovation performance … led to an eight percentage points higher innovation rate within two years following the reform. We measure innovation as …
Persistent link: https://www.econbiz.de/10013373854
This Paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10005124380
Indi's stagnating manufacturing sector has become a serious cause of concern for Indian policy makers. Several reasons have been identified for this slowdown, including lack of policy focus, unsupportive external environment, etc. Given the importance of the manufacturing sector and its...
Persistent link: https://www.econbiz.de/10011807691
We develop a model of two-stage cumulative research and development (R&D), in which one Research Unit (RU) with an innovative idea bargains to license her non-verifiable interim knowledge exclusively to one of two competing Development Units (DUs) via one of two alternative modes: an open sale...
Persistent link: https://www.econbiz.de/10005124391