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A Real Options Perspective on R&D Portfolio Diversification

Bekkum, Sjoerd van; Pennings, Enrico; Smit, Han - Tinbergen Institute - 2007

This paper shows that the presence of conditional staging in R&D (Research & Development) has a critical impact on portfolio risk, and changes diversification arguments when a portfolio is constructed. When R&D projects exhibit option-like characteristics, correlation between projects plays a...

Persistent link: https://www.econbiz.de/10005016277

Radical Innovation and Network Evolution

Phlippen, Sandra; Riccaboni, Massimo - Tinbergen Institute - 2007

This paper examines how a radical technological innovation affects alliance formation of firms and subsequent network structures. We use longitudinal data of interfirm R&D collaborations in the biopharmaceutical industry in which a new technological regime is established. Our findings suggest...

Persistent link: https://www.econbiz.de/10005137005

Signals in Science - On the Importance of Signaling in Gaining Attention in Science

Dalen, Hendrik P. van; Henkens, Kène - Tinbergen Institute - 2004

Which signals are important in gaining attention in science? For a group of 1,371 scientific articles published in 17 demography journals in the years 1990-1992 we track their influence and discern which signals are important in receiving citations. Three types of signals are examined: the...

Persistent link: https://www.econbiz.de/10005795584

Maintenance Costs, Obsolescence, and Endogenous Growth

Berden, Koen G.; Marrewijk, Charles van - Tinbergen Institute - 2001

profits become negative and the firm stops producing the variety. This diminishes the life span of innovations, thus reducing …

Persistent link: https://www.econbiz.de/10005137353

Total Factor Productivity and the Role of Entrepreneurship

Erken, Hugo; Donselaar, Piet; Thurik, Roy - Tinbergen Institute

Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different …

Persistent link: https://www.econbiz.de/10005016255

Economics: An Emerging Small World?

Goyal, Sanjeev; Leij, Marco van der; Moraga-González, … - Tinbergen Institute - 2004

This paper examines the small world hypothesis. The first part of the paper presents empirical evidence on the … evolution of a particular world: the world of journal publishing economists during the period 1970-2000. We find that in the … 1970's the world of economics was a collection of islands. Two decades later, in the 1990's the world of economics was much …

Persistent link: https://www.econbiz.de/10005137309

Micro-Evidence on the Determinants of Innovation in The Netherlands: The Relative Importance of Absorptive Capacity and Agglomeration Externalities

Smit, Martijn J.; Abreu, Maria A.; Groot, Henri L.F. de - Tinbergen Institute - 2010

This paper employs firm-level data to analyze the relative importance of firm characteristics and agglomeration externalities in explaining variation in innovation rates across firms. More specifically, we combine micro-data and census data to estimate the probability that a firm will introduce...

Persistent link: https://www.econbiz.de/10008838651

Collusion through Joint R&D: An Empirical Assessment

Duso, Tomaso; Roeller, Lars-Hendrik; Seldeslachts, Jo - Tinbergen Institute - 2010

This paper tests whether upstream R&D cooperation leads to downstream collusion. We consider an oligopolistic setting where firms enter in research joint ventures (RJVs) to lower production costs or coordinate on collusion in the product market. We show that a sufficient condition for...

Persistent link: https://www.econbiz.de/10008692325

Subsidizing the Adoption of Energy-Saving Technologies: Analyzing the Impact of Uncertainty, Learning and Maturation

Groot, Henri L.F. de; Mulder, Peter; Soest, Daan P. van - Tinbergen Institute - 2004

As part of the Kyoto Protocol, many countries have committed themselves to substantially reduce the emission of greenhouse gases within a politically imposed time constraint. Investment subsidies can be an important instrument to stimulate the adoption of energy-saving technologies to achieve...

Persistent link: https://www.econbiz.de/10005136918

Pros and Cons of ‘Backing Winners’ in Innovation Policy

Butter, Frank A.G. den; Jo, Seung-gyu - Tinbergen Institute - 2009

In the economics profession there is a fierce debate whether industrial and innovation policy should be targeted to specific sectors or firms. This paper discusses the welfare effects of such targeted policies from the perspective of strategic game theory of the firm. A theoretical case for...

Persistent link: https://www.econbiz.de/10005136977