From a firm’s perspective two competing forces are driving the decision to invest in innovation. On the one hand …, innovative performance is an important driver of profitability and growth. On the other hand, investments in innovation suffer … highlight the trade-off of patenting by setting up a recursive system of equations on knowledge leakage and imitation that …

environment and asks how local knowledge spillovers affect firms' innovation persistence. The empirical analysis draws upon a … bands show that the strength of knowledge spillovers that contribute to innovation persistence via true state dependence …Recent empirical evidence has shown that firm’s innovation behavior exhibits high persistency but not much is known …

This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity …

impact of public technology policies on innovation of firms located in Eastern Germany. The main question is whether public … funding stimulates innovation activities or whether crowding-out effects between public and private means occur. A … companies would have invested remarkably less if they had not participated in public innovation policy schemes. …

This study analyzes the effects of public R&D policy schemes on the innovation activities of firms located in Eastern … their innovation activities by about four percentage points. …