The iterated spatial game among the mobile population is an interesting problem in the fields of biological, social and economic sciences. Inspired by some recent works, this paper concentrates on the iterated snowdrift game among movable and myopic agents. Two different decision-making schemes,...

New corporate developments, such as globalization, diversification and process orientation, are posing a challenge to the degree of integration of business application software. International standard software designed to meet the requirements of all types of business is acquiring greater...

Can stock market bubbles accelerate long term growth? Do such bubbles indicate irrational behavior? This paper studies the effect of innovation uncertainty on the concomitant time path of firm valuations, technology adoption and growth in a setting that incorporates positive network...

In this paper, we address the issue of spurious correlation in the production of health in a systematic way. Spurious correlation entails the risk of linking health status to medical (and nonmedical) inputs when no links exist. This note first presents the bounds testing procedure as a method to...

This study investigates the factors that determine the inter-firm and intra-firm adoption rates of energy-saving technologies. These factors can be on theoretical terms firm-specific rank effects, inducement effects, adoption barriers as well as order, stock and epidemic effects that are related...

There is a widespread sense that over the last two decades firms have been decentralizing decisions to employees further down the managerial hierarchy. Economists have developed a range of theories to account for delegation, but there is less empirical evidence, especially across countries. This...

A miracle in medical procedure, organ transplantation, has taken place in recent decades due to the diffusion of a new technology. The new technology refers to a family of the so‐called immunosuppressive drugs. As a result, survival rates of major organ transplants have risen to a...

Studies find that technological change has contributed to the decline in manufacturing and to persistent unemployment in many advanced economies. While process innovation can be job-destroying, product innovation can imply the emergence of new firms, new sectors, and thus new jobs. But even for...

Since 1997, the Netherlands has had a tax allowance scheme that was introduced to promote investments in energy-saving technologies and sustainable energy production. This so-called Energy Investment Tax Allowance (EIA in Dutch) reduces up-front investment costs for firms investing in the newest...

The question of whether firms gain competitiveness through local networks and clusters becomes more relevant than ever as globalization proceeds. This is particularly true for traditional and craft-based clusters, districts and business networks. A central question emerging for these types of...