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And the Winner Is--Acquired: Entrepreneurship as a Contest with Acquisition as the Prize
Henkel, Joachim; Rønde, Thomas; Wagner, Marcus - C.E.P.R. Discussion Papers - 2010
paper, we analyze a two-stage innovation game between one incumbent and a large number of entrants. In the first stage … innovation. In the second stage, successful entrants bid to be acquired by the incumbent. We assume that entrants cannot survive …&D approaches than the incumbent and are more likely to generate the highest value innovation. Thus, the need of entrants to be …
Persistent link: https://www.econbiz.de/10008784763
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The Jukebox Mode of Innovation - A Model of Commercial Open Source Development
Henkel, Joachim - C.E.P.R. Discussion Papers - 2004
In this Paper, I explore the circumstances under which innovation processes without secrecy or intellectual property …
Persistent link: https://www.econbiz.de/10005114346
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Growth Effects of Non-Proprietary Innovation
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2001
may even reduce welfare. The reason is that it crowds our proprietary innovation, which on net may reduce total innovation …
Persistent link: https://www.econbiz.de/10005662038
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Which Factors Determine Academic Performance of Undergraduate Students in Economics? Some Spanish Evidence
Dolado, Juan J.; Morales, Eduardo - C.E.P.R. Discussion Papers - 2007
This paper analyses the determinants of academic performance of first-year undergraduate students in Economics at Universidad Carlos III de Madrid, over the period 2001-2005. We focus on a few core subjects which differ in their degree of mathematical complexity. Type of school, specialization...
Persistent link: https://www.econbiz.de/10005498100
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Gender Gap in Performance under Competitive Pressure
Jurajda, Stepan; Münich, Daniel - C.E.P.R. Discussion Papers - 2008
Do women perform worse than equally able men in stressful competitive settings? We ask this question for competitions with a high payoff---admissions to tuition-free selective universities. With data on an entire cohort of Czech students graduating from secondary schools and applying to...
Persistent link: https://www.econbiz.de/10005504669
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Minimum Wages: Curse or Blessing?
Ravn, Morten O; Sorensen, Jan Rose - C.E.P.R. Discussion Papers - 1995
In this paper we consider the effects of minimum wage legislation in an overlapping generations model. In our model there is an intergenerational externality in the accumulation of human capital since the production of human capital of every new generation depends positively on the average human...
Persistent link: https://www.econbiz.de/10005789188
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Performance Gender-Gap: Does Competition Matter?
Örs, Evren; Palomino, Frédéric; Peyrache, Eloïc - C.E.P.R. Discussion Papers - 2008
Using data from a natural experiment with high payoffs in education, we examine whether the competitive nature of tournament structure explains the performance gender-gap. We find that performance is statistically lower for women, the variance of performance is higher for men, and the tails of...
Persistent link: https://www.econbiz.de/10005792216
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Childhood Determinants of Risk Aversion: The Long Shadow of Compulsory Education
Hryshko, Dmytro; Luengo-Prado, Maria Jose; Sørensen, Bent E - C.E.P.R. Discussion Papers - 2010
We study the determinants of individual attitudes towards risk and, in particular, why some individuals exhibit extremely high risk aversion. Using data from the Panel Study of Income Dynamics we find that a policy induced increase in high school graduation rates leads to significantly fewer...
Persistent link: https://www.econbiz.de/10008642879
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The Effects of Cannabis Use on Physical and Mental Health
Ours, Jan C van; Williams, Jenny - C.E.P.R. Discussion Papers - 2011
This paper investigates whether cannabis use affects physical and mental health. To do so, information on prime aged individuals living in Amsterdam in 1994 is used. Dutch data offer a clear advantage in estimating the health impacts of cannabis use because the legal status of cannabis in the...
Persistent link: https://www.econbiz.de/10009209833
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Cannabis Use and Mental Health Problems
Ours, Jan C van; Williams, Jenny - C.E.P.R. Discussion Papers - 2009
This paper investigates whether cannabis use leads to worse mental health. To do so, we account for common unobserved factors affecting mental health and cannabis consumption by modeling mental health jointly with the dynamics of cannabis use. Our main finding is that using cannabis increases...
Persistent link: https://www.econbiz.de/10004973972