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remaining collaborators not only by reducing their team-specific capital (as argued in the prior literature) but also by … resources or more attractive working conditions. These benefits can partially compensate for the negative effect of reduced team …
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This paper analyzes the impact of declining extraction costs of shale oil producers on the choice of the policy instrument of a climate coalition in the presence of a monopolistic oil supplier such as OPEC. Shale oil producers' extraction costs represent an upper bound for the oil price OPEC can...
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We assess the transmission of monetary policy shocks on oil prices using a VAR model. We identify monetary policy and financial activity shocks disentangled from demand and oil supply shocks using sign restrictions. We obtain the following main findings. (i) Monetary policy and financial...
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Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but … also render teams' identity and image concerns salient. We study the effects of tournaments on team performance in a non … salience of team identity, social image concerns, and whether teams face monetary incentives. Increased salience of team …
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Skilled labor is a key input to the innovation process. A shortage in supply of skilled labor may hence impede … innovation activities, resulting in lower productivity gains. While governments are concerned about these likely negative impacts …, there is only limited empirical evidence whether and to what extent labor shortage affects innovation activities. The paper …
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