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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/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
I study the incentives of Cournot duopolists to share their technologies with their competitor in markets where intellectual property rights are absent and imitation is costless. The trade-off between a signaling effect and an expropriation effect determines the technology-sharing incentives. In...
Persistent link: https://www.econbiz.de/10003905806
Many governments promote small businesses for the dual reasons of fostering 'breakthrough' innovations and employment growth. In this paper we study the effects of tax and subsidy policies on entrepreneurs' choice of riskiness of an innovation project and on their mode of commercializing the...
Persistent link: https://www.econbiz.de/10009530995