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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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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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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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Loans or Grants
Cohen, Daniel; Jacquet, Pierre; Reisen, Helmut - C.E.P.R. Discussion Papers - 2007
instruments which, if properly managed, perform better than either loans or grants taken in isolation. The core of the intuition …
Persistent link: https://www.econbiz.de/10005656217
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The Architecture of Federations: Constitutions, Bargaining, and Moral Hazard
Kessler, Anke; Luelfesmann, Christoph; Myers, Gordon M - C.E.P.R. Discussion Papers - 2009
The paper studies a federal system where a region provides non-contractible essential inputs for the successful implementation of a local public policy project with spill-overs, and where bargaining between different levels of government may ensure efficient decision making ex post. We ask...
Persistent link: https://www.econbiz.de/10005662248
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Growth and Unemployment
Aghion, Philippe; Howitt, Peter - C.E.P.R. Discussion Papers - 1991
This paper examines the long-run effects of growth on unemployment. It assumes that growth arises explicitly from the introduction of new technologies, which require labour re-allocation for their implementation. Using a variant of the search theory developed by Pissarides, the paper shows how...
Persistent link: https://www.econbiz.de/10005656258
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Corporate Governance and Bank Insolvency Risk: International Evidence
Anginer, Deniz; Demirguc-Kunt, Asli; Huizinga, Harry; … - C.E.P.R. Discussion Papers - 2014
This paper finds that shareholder-friendly corporate governance is positively associated with bank insolvency risk, as proxied by the Z-score and the Merton’s distance to default measure, for an international sample of banks over the 2004-2008 period. Banks are special in that ‘good’...
Persistent link: https://www.econbiz.de/10011084512