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The emergence of novelty is a driving agent for economic change. New technologies, new products and services, new institutional arrangements, to mention a few examples, are the backbone of development and growth. Important though it is, the emergence of novelty is not well understood. What seems...
Persistent link: https://www.econbiz.de/10005765342
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
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
Innovations are inherently connected to knowledge transfers. The need of face-to-face contacts to transfer tacit knowledge is commonly argued to cause a regional dimension of innovative activities. The paper presents an alternative explanation based on a model of boundedly rational actors who...
Persistent link: https://www.econbiz.de/10005765352
This paper is an empirical test of the hypothesis that the appropriateness of different business strategies is conditional on the firm's distance to the industry frontier. We use data on four 2-digit high-tech manufacturing industries in the US over the period 1972-1999, and apply...
Persistent link: https://www.econbiz.de/10005588067
innovation biographies. …
Persistent link: https://www.econbiz.de/10011141159
This paper studies the effects of public research (publications) and innovation output (patents) on national economic … as well as less and more developed countries are studied separately. The results confirm the effect of innovation output … on productivity for more developed countries. Simultaneously, innovation output is found to have negative impacts on …
Persistent link: https://www.econbiz.de/10010894446
Analysis of the economic effects of constitutional rules has made substantial progress over the last decade. This survey provides an overview of this rapidly growing research area and also discusses a number of methodological issues and identifies underresearched areas. It argues that the next...
Persistent link: https://www.econbiz.de/10005014562
This essay argues that economic systems should be defined in terms of clusters of complementary institutions. To show … institutions in OECD nations to isolate four quite different economic systems. After specifying the most important institutional … clusters in each system, I then examine what impact these economic systems have on various indicators of economic performance …
Persistent link: https://www.econbiz.de/10005765293
Legal philosophers like Montesquieu, Hegel and Tocqueville have argued that lay participation in judicial decision-making would have benefits reaching far beyond the realm of the legal system narrowly understood. From an economic point of view, lay participation in judicial decision-making can...
Persistent link: https://www.econbiz.de/10005685598