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As a first step towards understanding the evolution of small groups in firms, this paper develops and tests a simple decision-theoretical model of research-unit evolution in which, as managers resolve their uncertainty over time, they shut down under-performing units and remove under-performing...
Persistent link: https://www.econbiz.de/10011561890
We use a simple model of collaborative innovation to structure an empirical analysis of minority equity links in biotechnology alliances between clients and R&D firms. In the model, an equity link is an investment in information acquisition: it improves the ability of the client to learn about...
Persistent link: https://www.econbiz.de/10011560910
This paper discusses the design, implementation and use of standards from the perspective of transaction costs economics. A proper design and implementation of standards may lead to a considerable reduction of transaction costs, which enhances trade and, consequently, economic welfare. A major...
Persistent link: https://www.econbiz.de/10011373830
We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital …
Persistent link: https://www.econbiz.de/10010262545
development regimes and it illustrates wider role of education in tackling possible development traps. …
Persistent link: https://www.econbiz.de/10010322280
We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital …
Persistent link: https://www.econbiz.de/10011403095
development regimes and it illustrates wider role of education in tackling possible development traps. -- growth ; human capital … ; education ; time discounting ; discount rate ; poverty …
Persistent link: https://www.econbiz.de/10003755176
of the education level they are able to provide. Education is modeled as a national-level policy differently targeting … in terms of both requested education level and offered wages. To address the role of trade and education, we experiment … with different education-policy and trade settings. Ultimately, we are interested in understanding the coupling effects of …
Persistent link: https://www.econbiz.de/10014251418
of the education level they are able to provide. Education is modeled as a national-level policy differently targeting … in terms of both requested education level and offered wages. To address the role of trade and education, we experiment … with different education-policy and trade settings. Ultimately, we are interested in understanding the coupling effects of …
Persistent link: https://www.econbiz.de/10014285556
An extensive empirical literature indicates that, even without formal intellectual property rights, innovators enjoy a variety of first-mover advantages and that `imitation' is itself a costly activity. There is also accumulating evidence that an `open' approach to knowledge production can...
Persistent link: https://www.econbiz.de/10011523640