The decision of how best to appropriate the value of new economic knowledge is reached by individuals within the context of the decision-making process embedded in the principal-agent model and applied to organizations. Because new economic knowledge is not only imperfect but also inherently...

The European Union has adopted recently an ambitious strategy for developing the Bioeconomy in Europe. In this context, algae represent an emerging biological resource of great importance for its potential applications in different fields, including food and feed. Algae have been already used as...

Innovation is at the centre of the EU's growth strategy for the coming decade (EU2020). New technologies and their adoption by EU farmers are essential in maintaining European agriculture competitive in a global world. Within this context, nanotechnology represents an innovative technology with...

Wheat is one of the world’s key staple products, with a global production of 654.7 million tons in 2010. Currently, wheat is providing 21% of the food calories and 20% of the protein to more than 4.5 billion people. Wheat production is highly concentrated in a few countries, and the European...

This Paper examines the effect of price competition on innovation, market structure and profitability in R&D-intensive industries. The theoretical predictions are tested using UK data on the evolution of competition, concentration, innovation counts and profitability over 1952-77. The...

This paper contains a brief survey of recent empirical work on the performance of large companies. It tries to pull together the literature in the form of six stylized facts, illustrating them with data drawn from a single sample. The paper concludes by highlighting the issues which are thrown...