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Wages and Productivity Growth in a Dynamic Monopoly

Bester, Helmut; Petrakis, Emmanuel - C.E.P.R. Discussion Papers - 2001

time. Otherwise, it will gradually reduce its innovation effort over time and ultimately terminate production. Productivity …

Persistent link: https://www.econbiz.de/10005067455

Time Based Competition and Innovation

Thesmar, David; Thoenig, Mathias - C.E.P.R. Discussion Papers - 2002

By choosing their organizations, firms trade-off productive efficiency and time spent in implementing innovation. We …

Persistent link: https://www.econbiz.de/10005067458

Technological Revolutions and Stock Prices

Pástor, Luboš; Veronesi, Pietro - C.E.P.R. Discussion Papers - 2005

During technological revolutions, stock prices of innovative firms tend to exhibit high volatility and bubble-like patterns, which are often attributed to investor irrationality. We develop a general equilibrium model that rationalizes the observed price patterns. The high volatility results...

Persistent link: https://www.econbiz.de/10005067467

Quality Improvements in Models of Growth

Barro, Robert J.; Sala-i-Martin, Xavier - C.E.P.R. Discussion Papers - 1994

Technological progress takes the form of improvements in the quality of an array of intermediate inputs to production. In an equilibrium that is standard in the literature, all research is carried out by outsiders, and success means that the outsider replaces the incumbent as the industry...

Persistent link: https://www.econbiz.de/10005067489

Complementarity, Growth and Trade

Honkapohja, Seppo; Turunen-Red, Arja - C.E.P.R. Discussion Papers - 1999

We consider an endogenous growth model that includes international trade in capital goods. The model yields several distinct balanced growth solutions that can be classified using stability under adaptive learning. Some of the equilibria can involve growth rates much higher (or lower) than...

Persistent link: https://www.econbiz.de/10005067638

Employment, Innovation and Union Bargaining Models: New Tests and Evidence from UK Manufacturing Firms

Van Reenen, John - C.E.P.R. Discussion Papers - 1994

This paper investigates the impact of innovation on employment using a panel of UK manufacturing firms and a headcount … bargaining models. It also argues that the innovation effect can be used to distinguish between shirking models and union … bargains. Innovation is found to have positive effect on company employment raising it by 9--12% in the short run and up to 40 …

Persistent link: https://www.econbiz.de/10005067666

Optimal Public Policy for Venture Capital Backed Innovation

Keuschnigg, Christian - C.E.P.R. Discussion Papers - 2003

regard to the capital gains tax, innovation subsidy, public R&D spending and other policy initiatives. …

Persistent link: https://www.econbiz.de/10005497714

Management of Knowledge Workers

Hvide, Hans K; Kristiansen, Eirik Gaard - C.E.P.R. Discussion Papers - 2007

We study how complementarities and intellectual property rights affect the management of knowledge workers. The main results relay when a firm will wish to sue workers that leave with innovative ideas, and the effects of complementary assets on wages and on worker initiative. We argue that firms...

Persistent link: https://www.econbiz.de/10005497759

Innovative Clusters and the Industry Life Cycle

Audretsch, David B; Feldman, Maryann P - C.E.P.R. Discussion Papers - 1995

The purpose of this paper is to link the propensity for innovative activity to cluster spatially to the stage of the industry life cycle. The theory of knowledge spillovers, based on the knowledge production function for innovative activity, suggests that geographic proximity matters most in...

Persistent link: https://www.econbiz.de/10005497876

Technology in Growth

Keely, Louise; Quah, Danny - C.E.P.R. Discussion Papers - 1998

We review the role of R&D in endogenous growth theory, and describe extant empirical research – macro and micro – bearing on R&D as an engine of growth. Taking R&D to be key, while recognizing the significance of economic incentives, emphasizes knowledge as an economic object and, more...

Persistent link: https://www.econbiz.de/10005497933