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INNOVATION AND VENTURE CAPITAL EXITS
SCHWIENBACHER, Armin - EconWPA - 2001
-improving product innovation. We explicitly introduce product market characteristics into the analysis with the aim to identify their … capitalist. The entrepreneur has incentives to distort the innovation strategy so as to make an IPO the preferred exit. We derive …
Persistent link: https://www.econbiz.de/10005413189
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R&D and Subsidies at the Firm Level: An Application of Parametric and Semi-Parametric Two-Step Selection Models
Hussinger, Katrin - EconWPA - 2004
This paper analyzes the effects of public subsidies on R&D expenditure in the German manufacturing sector. The focus is on the question whether public R&D funding stimulates or crowds out private investment. Cross sectional data at the firm level is used. By applying parametric and...
Persistent link: https://www.econbiz.de/10005076604
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A Theory of Technology Diffusion
Mukoyama, Toshihiko - EconWPA - 2003
What determines the speed of the technology diffusion? What are the consequences of diffusion? This paper presents a model to address these questions. Skilled machine-users adopt a new technology first, while unskilled users wait until machines become more reliable and accessible. The quality...
Persistent link: https://www.econbiz.de/10005126129
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Invention under uncertainty and the threat of ex post entry
Miller, David A. - EconWPA - 2005
This paper proposes a theoretical framework for studying the invention of new products when demand is uncertain. In this framework, under general conditions, the threat of ex post entry by a competitor can deter invention ex ante. Asymmetric market power in the ex post market exacerbates the...
Persistent link: https://www.econbiz.de/10005134408
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Public provision of a private good: What is the point of the BSD license?
Gaudeul, Alex - EconWPA - 2005
Software is a potentially excludable public good. It is possible, at some cost, to exclude non-paying users from its consumption by using copyright law or technological restraints. Licensing the software under proprietary license terms makes of it a private good, licensing it under the BSD does...
Persistent link: https://www.econbiz.de/10005134417
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Innovation height, spillovers and TFP growth at the firm level: Evidence from French manufacturing
Emmanuel, DUGUET - EconWPA - 2004
firm level. The first part of our analysis is dedicated to the determinants of innovation and reveals two different … innovation regimes. On the one hand, radical innovations rely strongly on firm-level spillovers, including property rights, and … innovation height matters. We also find evidence that TFP growth is better represented by an upward shift of the production …
Persistent link: https://www.econbiz.de/10005407643
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Innovation, Inequality and Intellectual Property Rights
Weinhold, Diana; Reichert, Usha Nair- - EconWPA - 2004
play a role in the contemporaneous evolution of innovation in a broad cross section of countries today. Our results …, while 'home grown' innovation is more sensitive to internal structural and institutional factors. …
Persistent link: https://www.econbiz.de/10005407698
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What Do Endogenous Growth Models Contribute?
Mare, Dave - EconWPA - 2004
Endogenous growth theory is one of the mainstream economics approaches to modelling economic growth. This paper provides a non-technical overview of some key strands of the endogenous growth theory (EGT) literature, providing references to key articles and texts. The intended audience is policy...
Persistent link: https://www.econbiz.de/10005118696
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Persistence of Innovation: Stylised Facts and Panel Data Evidence
Peters, Bettina - EconWPA - 2005
This paper investigates whether firms innovate persistently or discontinuously over time using an innovation panel data … set on German manufacturing and service firms for the period 1994-2002. We find that innovation behaviour is permanent at … innovation experience, the results further highlight the important role of knowledge provided by skilled employees and unobserved …
Persistent link: https://www.econbiz.de/10005118744
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What Do Endogenous Growth Models Contribute?
Maré, David C. - EconWPA - 2005
Endogenous growth theory is one of the mainstream economics approaches to modelling economic growth. This paper provides a non-technical overview of some key strands of the endogenous growth theory (EGT) literature, providing references to key articles and texts. The intended audience is policy...
Persistent link: https://www.econbiz.de/10005118754