efficiency; provides further insight into why Open Source Software is a successful model of innovation and development in digital …

regional innovation systems, and knowledge and socio-economic spillovers. This approach allows the discrimination between the …Research on the impact of innovation on regional economic performance in Europe has fundamentally followed three …) the study of the existence and efficiency of regional innovation systems; and (3) the examination of the geographical …

Social capital has remained relatively underexplored in innovation literature due to the lack of consensus on the most … capital as propensity towards civicness and prosocial behaviour that facilitates the circulation of nonredundant knowledge … innovative performance after controlling for ‘traditional’ knowledge inputs (R&D and human capital). In addition, instrumental …

We develop a search-based model of asset trading, in which investors of different horizons can invest in two identical … assets. The asset markets are partially segmented: buyers can search for only one asset, but can decide which one. We show … that there exists a "clientele" equilibrium where one market has more buyers and sellers, lower search times, higher …

This paper analyses the interaction between internal agency problems within firms and external search frictions when … of the wage contracts is positively related to high productivity, low unemployment benefits and high search frictions. …

through search. Short-sellers can endogenously concentrate in one asset because of search externalities and the constraint … that they must deliver the asset they borrowed. As a result, that asset enjoys both greater liquidity, measured by search …

We endogenize separation in a search model of the labor market and allow for bargaining over the continuation of …

description of the way in which labour markets actually work. This paper uses the techniques of search theory to analyse the …