consider a hold-up framework where both parties profit from an investment that raises the value of an asset. Delegation turns …) decisions have no investment-independent effect. If overinvestment might be an issue, delegation, however, with restricted …

suppliers, who can afford to use the latest technology, becomes relatively cheaper. The predictions of the model are tested …

outsourcing activities, the increased flow of direct foreign investment and its heterogeneous regional distribution, the increased … public investment in information and communication technologies as infrastructure for development, the importance of …

We estimate the effects of technology investments on the demand for skilled workers using longitudinally integrated … unobservable components within each business for each year from 1992 to 1997. We measure technology using variables from the Annual … between advanced technology and skill in a crosssectional analysis of businesses in both sectors. The more comprehensive …

owners. The exogenous component of technology ownership is isolated by using information on the regional presence of … average regional elevation. Results indicate that for firms with female owners, technology adoption improves value-added per …

stochastic shocks imply that investment in radical innovation may very often be too time consuming and/or expensive to remain …

asymmetric information. We consider the consequences of asymmetric information for investment decisions and for the assignment of … and Moore still hold. It is shown that investment incentives are guided by an additional element to standard hold …-up models since the outcome of bargaining depends directly on the investment level. This may for example result in cooperative …