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To assess the merits of the market for corporate control, this paper examines two processes which standard analysis does not study: the allocation of economic competence and the evolution of organizational structures. Economic competence is seen to be an unusual scarce resource embodied in the...
Persistent link: https://www.econbiz.de/10010684539
network formation. While the physics/applied mathematics approach is capable of reproducing most observed networks, it does …
Persistent link: https://www.econbiz.de/10008502564
stricter, but not too strict, merger and cartel policies tend to increase the incentive for innovations for sale by ensuring … the bidding competition for the innovation and by increasing the relative profitability of being the most efficient firm … innovation for sale, relative to innovation for entry. …
Persistent link: https://www.econbiz.de/10005419538
(innovation) with easy to measure activities (routine) is particularly costly, since it will either lead to misallocation of … and to financial constraints imposed by capital markets, both of which are hostile to innovation. …
Persistent link: https://www.econbiz.de/10010818343
No abstract.
Persistent link: https://www.econbiz.de/10010684481
dealt with in standard economic theory. One striking example is of course the American west coast high-tech industry … reduced both through own investments and by spillovers from the competitor and these spillovers are decreasing in the distance …
Persistent link: https://www.econbiz.de/10010818535
No abstract.
Persistent link: https://www.econbiz.de/10010818474
No abstract.
Persistent link: https://www.econbiz.de/10010684502
No abstract.
Persistent link: https://www.econbiz.de/10010684528
No abstract.
Persistent link: https://www.econbiz.de/10010818462