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A Real Options Perspective on R&D Portfolio Diversification

Bekkum, Sjoerd van; Pennings, Enrico; Smit, Han - Tinbergen Instituut - 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/10011257428

Radical Innovation and Network Evolution

Phlippen, Sandra; Riccaboni, Massimo - Tinbergen Instituut - 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/10011257059

Maintenance Costs, Obsolescence, and Endogenous Growth

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

We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses the model of quality improvements todescribe...

Persistent link: https://www.econbiz.de/10011256370

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

Dalen, Hendrik P. van; Henkens, Kène - Tinbergen Instituut - 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/10011257178

Materials, Capital, Direct/Indirect Substitution and Mass Balance Production Functions

Bergh, Jeroen C.J.M. van den - Tinbergen Instituut - 1998

dimensions in economic production. A distinction is proposed between direct and indirect substitution. Linked to this, a … classification is offered of various types of substitutability and complementarity relationships between production factors. It is … argued that the neoclassical production function may be consistent with mass balance, but is unsuitable for a detailed and …

Persistent link: https://www.econbiz.de/10011256921

Spatial Activity and Labour Market Patterns

Russo, Giovanni; Reggiani, Aura; Nijkamp, Peter - Tinbergen Instituut - 2005

The spatial activity patterns of firms in a multi-regional system are closely connected with the structure and evolution of regional labour markets. Based on an extensive data set (cross-section) on commuting flows in Germany, this paper aims to identify the relationship between entrepreneurial...

Persistent link: https://www.econbiz.de/10011255458

International Technology Diffusion of Joint and Cross-border Patents

Chang, Chia-Lin; McAleer, Michael; Tang, Ju-Ting - Tinbergen Instituut - 2013

technological advancements, the factors of production can no longer be considered to be just labor and capital. In the pursuit of … economic growth, every country has sensibly invested in international cooperation, learning, innovation, technology diffusion …, using a novel set of cross-border patents and joint patents as proxy variables for technology diffusion, in order to …

Persistent link: https://www.econbiz.de/10011255716

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 Instituut - 2010

-level characteristics as well as externalities, using information on the regional production structure to test for Marshall …

Persistent link: https://www.econbiz.de/10011256008

Technological Change during the Energy Transition

Meijden, Gerard van der; Smulders, Sjak - Tinbergen Instituut - 2014

The energy transition from fossil fuels to alternative energy sources has important consequences for technological change and resource extraction. We examine these consequences by incorporating a non-renewable resource and an alternative energy source in a market economy model of endogenous...

Persistent link: https://www.econbiz.de/10011256371

Total Factor Productivity and the Role of Entrepreneurship

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

Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different models based on the established literature. Traditionally, entrepreneurship is not dealt with in these models. In the present paper it is shown that – when this variable is added...

Persistent link: https://www.econbiz.de/10011256507