-country dynamic Ricardian model with endogenous innovation and hold-up problems, the value chain consists of two activities …, innovation and production. Entry in the market happens through R&D and entrants face two decisions. The 'location decision … perform innovation and production within the same vertically integrated structure or not. In this framework, the quality of …

sectors (inter-sectoral spillovers), or at the international level. We find that innovation is strongly driven by knowledge … spillovers, especially those occurring at the national level. Wind and solar technologies exhibit distinct innovation … only influential in the case of wind technology. We also find evidence that public R&D stimulates innovation, particularly …

more important for small-firm innovation than for their larger counterparts. …

environmental regulations can spur more rapid innovation. I present a general framework for the analysis of these questions. I …

The property rights approach to the theory of the firm suggests that ownership structures are chosen in order to … theory. In particular, ownership by party B may be optimal, even though only the indispensable party A makes an investment …

complete contracts. We define the firm as being composed of its assets. We present a theory of costly contracts which …

contingent on them making the right investment; ii) ownership has adverse effects on the incentive to specialize. The theory …