Economic interest in innovation policy largely arises from the fundamental importance of innovation to social welfare … and from inefficiencies in innovation in a competitive market environment. As a result, a wide variety of public … innovation policies are used in practice. This study reviews the economic justifications for public innovation policies and …

Recent cross-country comparisons of bank efficiency have been based on pooled estimates of banks across countries and … technical efficiency is a significant deterrence to foreign competition. …

We show theoretically that a proportional R&D subsidy accelerates innovation activity at all degrees of competition in … inverted U-shape between competition and innovation. Secondly, we find some evidence that a direct R&D subsidy increases … the modern Schumpeterian growth model, but less so at high degrees of competition. We then use company-level data on …

competition and consumer protection policies as well as direct interventions discouraging large value cash payments would be …

In the light of the inequity of the way losses from bank insolvencies and their avoidance through intervention by the …

The innovation activities of companies has long been a topic of interest in economics. Game theory models of oligopoly … have since the start of the 1980s played a central role in the economics of innovation. In this study three game theory … large bank may be in an advantageous situation in that most of his payments will be effected in that bank’s internal payment …

are required to purchase a distressed bank because of political factors (the government’s role), their performances are at …

owners can increase Chinese bank efficiency. These findings suggest that minority foreign ownership of the big four is likely …

found for hypothesized transmission mechanisms through improved financing for SMEs or greater overall bank credit flows. The …

This paper provides cross-country evidence that variations in bank regulatory policies result in differences in income … securitization widens the distribution of income. We contend that these findings have new implications for the effects of bank …