Showing 1 - 10 of 62
In multi-unit auctions, such as auctions of commodities and securities, and financial exchanges, it is necessary to specify rationing rules to break ties between multiple marginal bids. The standard approach in the literature and in practice is to ration marginal bids proportionally. This paper...
Persistent link: https://www.econbiz.de/10011157170
In this paper we construct a model in which entrepreneurial innovations are sold into oligopolistic industries and where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as exacerbated development by better-informed venture-backed...
Persistent link: https://www.econbiz.de/10005419514
No abstract.
Persistent link: https://www.econbiz.de/10010685033
In this paper, I investigate whether instead of strengthening home-based production, government R&D-subsidies can … evidence of such relocation. R&D subsidies rather tend to en courage export production at the expense of foreign production …
Persistent link: https://www.econbiz.de/10008552181
This paper develops a simple general equilibrium model with sequential search in which a non-degenerate wage offer distribution is endogenously determined. We use this model to analyze the comparative statics effects of increases in unemployment compensation on the unemployment rate and...
Persistent link: https://www.econbiz.de/10010684408
An "incentive subsidy" policy for subsidizing private R & D is proposed that can be more efficient, from a social point of view, than subsidy policies in common use such as a "normal" subsidy policy (fixed amount granted at project start), and conditional loans (loan is repaid only if project is...
Persistent link: https://www.econbiz.de/10010684462
No abstract.
Persistent link: https://www.econbiz.de/10010684470
little is known about the effectiveness of such subsidies. This paper summarizes the empirical literature concerning direct … project subsidies, tax credits, and support for industrial research institutes. This helps to identify what makes government …
Persistent link: https://www.econbiz.de/10010684519
Between 1970 and 1978, industrial subsidies in Sweden rose from 4.9 % to 16 % of value added in mining and … manufacturing. Most of this increase was due to increased wage subsidies to specific firms facing acute difficulties. The Swedish …
Persistent link: https://www.econbiz.de/10010684541
No abstract.
Persistent link: https://www.econbiz.de/10010818355