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The Portuguese economy has been characterised by modernisation sincethe post-war period. Lisbon and the Tagus Valley is a centre of thisprocess. Hence, this region faces a high demand for highly skilledlabour. This paper analyses rates of return on human capital in theregion of Lisbon and in the...
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This paper examines the evolution of the returns to education in Portugal over the 1980s andearly 1990s. The main …
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parameters, such a strategic distortion may result in an alignment or a misalignment of the direction in which innovation goes …
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firms because it lowers the probability they win the innovation contest for that project; however, the investment of a firm …
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rival market. We show that this strategic effect dominates the usual "innovation for buyout effect" when the entrant …'s bargaining power is below a threshold. Allowing for acquisitions may improve the direction of innovation of each of the players …
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