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Are there financing constraints for R&D and investment in German manufacturing firms?

Harhoff, Dietmar - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1996

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 …

Persistent link: https://www.econbiz.de/10008567560

Mitigating market power under tradeable permits

Heindl, Peter - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012

As shown by R. Hahn [6], free allocation equal to the amount of permits a firm with market power uses in equilibrium, can prevent welfare losses. If the necessary amount of free allocation is not provided to the firm with market power, a second best solution is obtained where marginal abatement...

Persistent link: https://www.econbiz.de/10010957597

The strategic use of fuzziness in patent specifications

Zaby, Alexandra K.; Heger, Diana - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2013

Innovators seek to protect their intellectual assets by patenting them, at the same time trying to avoid any disclosure of critical knowledge. Given that a patent specification has to include a clear description of the patented matter so that anybody skilled in the art is enabled to reproduce...

Persistent link: https://www.econbiz.de/10010957700

Financial intermediaries and emissions trading market development and pricing strategies

Heindl, Peter - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012

This paper examines the role of intermediaries in quantity regulation theoretically and presents a data application to the EU Emissions Trading Scheme (EU ETS). The choice of regulated firms to trade permits through intermediaries or directly at the exchange is discussed. Permit pricing...

Persistent link: https://www.econbiz.de/10010957737

The Link Between Firms? Innovation Decision and the Business Cycle: An Empirical Analysis

Heger, Diana - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004

The sensitivity of innovation activities with respect to the business cycle is often assumed to be small. In this paper the hypothesis on cyclical dependence of innovation activities is tested for firms in the German manufacturing, and additionally for SMEs. To this end firms? innovation...

Persistent link: https://www.econbiz.de/10005097512

Export Behavior and Firm Productivity in German Manufacturing: A Firm-level Analysis

Arnold, Jens Matthias; Hussinger, Katrin - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2004

This paper analyses the relationship between firm productivity and export behavior in German manufacturing firms. We examine whether productivity increases the probability of exporting, and assert that there is a causal relationship from high productivity to entering foreign markets, as...

Persistent link: https://www.econbiz.de/10005097610

Continuous Training and Firm Productivity in Germany

Zwick, Thomas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002

This paper presents for the first time panel evidence on the productivity effects of training intensity and different training forms in Germany. It hereby takes account of selectivity of training activities, unobserved heterogeneity of establishments as well as omitted variable bias. Using the...

Persistent link: https://www.econbiz.de/10005097650

ICT, Consulting and Innovative Capabilities

Cerquera Dussán, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2008

This paper analyzes the impact of the decision to contract ICT consulting on firms' innovative incentives. The paper develops a theoretical model and estimates some of its implications for a sample of German firms. In particular, the paper estimates the average treatment effect of the decision...

Persistent link: https://www.econbiz.de/10005097677

Durable Goods, Innovation and Network Externalities

Cerquera Dussán, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2007

We develop a model of R&D competition between an incumbent and a potential entrant with network externalities and durable goods. We show that the threat of entry eliminates the commitment problem that an incumbent may face in its R&D decision due to the goods? durability. Moreover, a potential...

Persistent link: https://www.econbiz.de/10005097721

R&D incentives, compatibility and network externalities

Cerquera Dussán, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006

This paper analyzes the impact of network externalities on R&D competition between an incumbent and a potential entrant. The analysis shows that the incumbent always invests more than the entrant in the development of higher quality network goods. However, the incumbent exhibits a too low level...

Persistent link: https://www.econbiz.de/10005097740