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Creative Destruction and Productive Preemption
Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - C.E.P.R. Discussion Papers - 2011
We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Preemptive acquisitions by incumbents are shown to stimulate the...
Persistent link: https://www.econbiz.de/10008865973
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Everything You Always Wanted to Know about Inventors (But Never Asked): Evidence from the PatVal-EU Survey
Brusoni, Stefano; Crespi, Gustavo; Francoz, Dominique; … - C.E.P.R. Discussion Papers - 2006
Based on a survey of the inventors of 9,017 European patented inventions, this paper provides new information about the characteristics of European inventors, the sources of their knowledge, the importance of formal and informal collaborations, the motivations to invent, and the actual use and...
Persistent link: https://www.econbiz.de/10005124480
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Venture Capital and Industrial ''Innovation''
Hirukawa, Masayuki; Ueda, Masako - C.E.P.R. Discussion Papers - 2008
impact on patent count at industry level, and this impact is larger than that of R&D expenditures. We confirm that this … measure of innovation alternative to patent count. Unlike the impact on patent count, we do not find that VC investment … and material. Therefore, our finding suggests that, at industry level, VC investment increases the patent propensity but …
Persistent link: https://www.econbiz.de/10005136420
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Rational parasites
Benoit, Jean-Pierre; Galbiati, Roberto; Henry, Emeric - C.E.P.R. Discussion Papers - 2013
show that investment can take place even without patent protection, as parasites limit their imitation to preserve the …
Persistent link: https://www.econbiz.de/10011083356
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The Weightless Economy in Economic Development
Quah, Danny - C.E.P.R. Discussion Papers - 1999
Can the increasing significance of knowledge-products in national income---the growing weightless economy---influence economic development? Those technologies reduce ``distance'' between consumers and knowledge production. This paper analyzes a model embodying such a reduction. The model shows...
Persistent link: https://www.econbiz.de/10005791375
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Does Geographical Agglomeration Foster Economic Growth? And Who Gains and Looses From It?
Fujita, Masahisa; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2002
This Paper proposes a two-region model of endogenous growth, which is a natural combination of a core-periphery model a la Krugman and of a model of endogenous growth a la Grossman/Helpman/Romer. Specifically, we add to the core-periphery model an R&D sector that uses skilled labour to create...
Persistent link: https://www.econbiz.de/10005662000
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Foreign Firms, Domestic Wages
Malchow-Møller, Nikolaj; Markusen, James R.; … - C.E.P.R. Discussion Papers - 2007
Foreign-owned firms are often hypothesized to generate productivity “spillovers” to the host country, but both theoretical micro-foundations and empirical evidence for this are limited. We develop a heterogeneous-firm model in which ex-ante identical workers learn from their employers in...
Persistent link: https://www.econbiz.de/10005792490
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Teaching locals new tricks: foreign experts as a channel of knowledge transfer
Markusen, James R.; Trofimenko, Natalia - C.E.P.R. Discussion Papers - 2007
Gains from productivity and knowledge transmission arising from the presence of foreign firms have received a good deal of empirical attention, but theoretical micro-foundations for this mechanism are limited. Here we develop a dynamic model in which foreign experts may train domestic workers...
Persistent link: https://www.econbiz.de/10005661512
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The Spanish Crisis: Background and Policy Challenges
Suarez, Javier - C.E.P.R. Discussion Papers - 2010
describes the strengths and weaknesses of Spain’s recent long growth cycle, the real and financial imbalances accumulated … pressure, partly initiated by unjustified catastrophic expectations about Spain, provides an opportunity for accelerating the …
Persistent link: https://www.econbiz.de/10008554220
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Stabilization and Growth under Dictatorship: The Experience of Franco's Spain
Prados de la Escosura, Leandro; Rosés, Joan R.; … - C.E.P.R. Discussion Papers - 2010
-market allocation of resources and allowed Spain to accelerating growth and catching up with Western Europe. Without the 1959 Plan, per …
Persistent link: https://www.econbiz.de/10008468511