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and 2008 were analyzed in regard to the question to what extent and how the agencies assessed the innovation effects of … mergers. Theoretical background is the still open question how negative effects of mergers on innovation should be taken into … account in merger policy. Although we can show in our study that in one third of all challenged mergers also innovation …
Persistent link: https://www.econbiz.de/10010941614
Evolutionary and environmental economics have a potentially close relationship. This paper reviews past and identifies potential applications of evolutionary concepts and methods to environmental economics. This covers a number of themes: resource use and ecosystem management; growth and...
Persistent link: https://www.econbiz.de/10005144510
Epistemic arguments play a significant role in Hayek's defense of market liberalism. His claim that market competition is a discovery procedure that serves the common good is a case in point. The hypothesis of the markets' efficient use of existing knowledge is supplemented by the idea that...
Persistent link: https://www.econbiz.de/10009643731
data on 170 regions in Europe (NUTS 2 level) for the periods 1991-1995 and 2001-2005. Innovation outcomes are measured by … diffusion of innovation activity, and the spatial selectivity of immigrants' location choices, we take account of spatial …'s restaurants as a novel instrument for immigration. The results confirm that innovation is clearly a function of regio nal …
Persistent link: https://www.econbiz.de/10009201123
Based on new data, this paper studies invention disclosure, licensing, and firm formation activities of Max Planck Institute directors over the time period 1985-2004, and analyzes their effects on scientists' publication and citation records. The results are consistent with prior findings that...
Persistent link: https://www.econbiz.de/10005824128
In constitutional political economy, the citizens’ constitutional interests determine the social contract that is binding for the post-constitutional market game. However, following traditional preference subjectivism, it is left open what the constitutional interest are. Using the...
Persistent link: https://www.econbiz.de/10005765332
The paper examines the innovation dynamics of the mature camera market between 1955 and 1974. This highlights the … heterogeneity, new firms engaged in radical product and process innovation and overcame the first-mover advantages of dominant firms …. The case raises important issues for our understanding of industry life cycles. First, a number of innovation cycles are …
Persistent link: https://www.econbiz.de/10005765333
On the basis of a modification of K. Lancaster's characteristics approach and a special class of non-homothetic utility functions individual demand functions are derived. Individual demand is determined in a complex way by the income as well as the product qualities and the unit costs of the...
Persistent link: https://www.econbiz.de/10008552459
The importance of knowledge spillovers for achieving innovation and economic growth is widely recognized. It is not … this controversy using a model of regional growth. The model also deals with the impact of local competition on innovation …
Persistent link: https://www.econbiz.de/10005137071
This study analyses 1400 research projects of the top 20 R&D-spending pharmaceuticals to identify the determinants of successful research projects. We provide clear evidence that externally sourced projects and projects involving biotechnologies perform better than internal projects and chemical...
Persistent link: https://www.econbiz.de/10005137162