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An inventor can invest research effort to come up with an innovation. Once an innovation is made, a contract is …
Persistent link: https://www.econbiz.de/10011084016
Innovative start-ups and venture capitalists are highly clustered, benefiting from localized spillovers: Silicon Valley is perhaps the best example. There is also substantial geographical variation in venture capital contracts: California contracts are more 'incomplete'. This paper explores the...
Persistent link: https://www.econbiz.de/10011084393
We propose an endogenous growth model with offshoring to investigate its effects on product innovation and growth in …
Persistent link: https://www.econbiz.de/10005123630
-country dynamic Ricardian model with endogenous innovation and hold-up problems, the value chain consists of two activities …, innovation and production. Entry in the market happens through R&D and entrants face two decisions. The 'location decision … perform innovation and production within the same vertically integrated structure or not. In this framework, the quality of …
Persistent link: https://www.econbiz.de/10005498068
innovation. In so doing, we model an industry in which R&D is performed by independent research labs and outsourcing production …
Persistent link: https://www.econbiz.de/10005661520
upstream and downstream parties at the production stage feeds back into innovation and growth. Our dynamic perspective reveals … specialization costs of vertical integration. In so doing, they neglect the effects of their choices on innovation and growth. Hence …
Persistent link: https://www.econbiz.de/10005656287