An individual taxpayer's maximum tax rate on ordinary income is fifty percent, while his maximum tax rate on long-term capital gains is only twenty percent as a result of the deduction from gross income allowed for a portion of such gains. Consequently, proper tax planning in the preparation of...

<p dir="rtl">החקיקה הפיסקלית בישראל, ובמיוחד זו העוסקת במיסוי ההכנסה מהווה כידוע חקיקה סבוכה ביותר. מורכבות זו נובעת הן מן הנושא גופו, היוצר קשיים מושגיים ופרקטיים — כמו, למשל,...</p>

Based on a standard idea-based model of endogenous growth we test the hypothesis that regional innovative activity is path-dependent, and investigate the geographical scope of knowledge spillovers. Using data for West-German regions, two alternative indicators of the stock of knowledge are...

We examine ownership patterns of German university-invented patents before and after the abolition of the professors' privilege in 2002 to explore how the legal change affected patenting activities. Our data show a shift from individually-owned and firm-owned patents to university-owned patents,...

Nanomaterials are seen as a key technology for the 21st Century, and much is expected of them in terms of innovation and economic growth. They could open the way to many radically new applications, which would form the basis of innovative products. In this context, it seems all the more...

This paper aims to shed light on the role of technological opportunities for green innovation by studying the case of Green ICT innovation. We test two hypotheses: (1) Firms active in low-opportunity technological areas are less innovative; (2) Firms active in low-opportunity technological areas...

We explore the tail of patented invention value distributions by using value estimates obtained directly from patent holders. The paper focuses on those full-term German patents of the application year 1977 which were held by West German and U.S. residents. The most valuable patents in our data...