Wir untersuchen die Rolle von Vertragstypen und Zugangsregulierung auf Innovation und Wettbewerb. In einem Duopolmodell …

This study examines the consequences of loan denials for the investment performance of small and medium-sized German … investment than non-innovative companies. The non-randomness of loan denials is controlled for with a selection equation …

The paper analyses alternative investment policies and their consequences for the evolution of human capital in Europe … younger ages in Europe. If equality is important enough additional investment should specifically be directed to disadvantaged …

new fiber-based communications infrastructure. Since such investment is expected to induce substantial positive … implementation and competitive market structures including allowance of co-investment models, and iii) public subsidies to cover non …, where only monopoly structure or co-investment models lead to private investment. Deregulatory policies might be preferable …

Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the … time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to … account, but a significant positive relationship between cash flow and investment remains for relatively small firms. In the …

Innovation Survey (CIS). The empirical results demonstrate that R&D location matters for profitability. Firms with both domestic …

Principle-agent theory suggests managers might under-invest into R&D for reasons of risk tied to project failure, such … as reduced remuneration and job loss. However, managers might over-invest into innovation for reasons of growth implying … their own interests. When entrenched, managers do not fear detrimental effects of risky innovation projects on their career …