Showing 1 - 10 of 53
indication of the importance of barriers to firm growth as opposed to barriers to entry. Transition economies show an even more …-entry growth of successful firms. …
Persistent link: https://www.econbiz.de/10005136875
investment in firm- specific cost reduction. They earn negative net profit in early periods, compensated later by strictly …
Persistent link: https://www.econbiz.de/10005137062
Gibrat's Law does not hold, i.e., the main finding is that firm growth decreases with firm size. However, almost all of these … obtained for a large sample of Dutch firms in the hospitality industry - we examine whether the assumption that growth rates … that growth rates are, in fact, independent of firm size in two business groups, while Gibrat's Law is rejected for the …
Persistent link: https://www.econbiz.de/10005137253
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …
Persistent link: https://www.econbiz.de/10005137096
investment in a public capital stock, and the inter-temporal consumption of a reproductive asset. …
Persistent link: https://www.econbiz.de/10005144483
We investigate the manifold posed question: To what extent does investment in human and social capital, besides the …
Persistent link: https://www.econbiz.de/10005450787
We study a two-stage R&D project with an abandonment option. Two types of uncertainty influence the decision to start R&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is modelled as a lottery between a decrease and...
Persistent link: https://www.econbiz.de/10005016252
A physician performs two tasks: making diagnoses and determining treatments. To reduce medical error, residents are supposed to consult their supervisors when they face uncommon circumstances. However, recent research shows that residents are reluctant to do so. This paper presents a model that...
Persistent link: https://www.econbiz.de/10005016275
We develop a model of strategic networks that captures two distinctive features of interfirm collaboration: bilateral agreements and nonexclusive relationships. Our analysis highlights the relationship between market competition, firms' incentives to invest in R&D, and the architecture of...
Persistent link: https://www.econbiz.de/10005144414
This paper is concerned with a policy oriented macroeconomic experiment involving an 'international' economy with a relatively small 'home' country and a large 'foreign' country. It compares the economic performance of two alternative tax systems as a means to finance unemployment benefits: a...
Persistent link: https://www.econbiz.de/10005144436