The exchange of knowledge between science and industry has been a focus of innovation research and policy for many decades. New developments in the way technologies are generated, shared, and transferred into new products, services, and business models are currently re-emphasising...

We study a two-stage R&D project with an abandonment option. Two types of uncertainty influence the decision to start R&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is modelled as a lottery between a decrease and...

The shift of employment from lower to higher productive firms is an important driver for structural change and industry dynamics. We investigate this reallocation in terms of employment gains and losses from innovation. New employment created by product innovation may be offset by employment...

Die Maßnahmen zur Verlangsamung der Verbreitung des Covid-19-Erregers haben die Weltwirtschaft in weiten Teilen zum Erliegen gebracht. Dies wird in Deutschland sowie in vielen anderen Ländern zu einer tiefen Rezession im Jahr 2020 führen. Der konjunkturelle Einbruch wird auch die Bereitschaft...