Showing 1 - 10 of 11
Patent pendencies create uncertainty in research and development (R&D) collaboration agreements, resulting in a threat …
Persistent link: https://www.econbiz.de/10008869223
project. We find further indication that the performance effect of breadth increases with commercial uncertainty. It is also …
Persistent link: https://www.econbiz.de/10009646601
consider a two-country stochastic partial equilibrium model with log-normally distributed uncertainty. The situation is …, the magnitude of uncertainty, and correlation of abatement costs. In most cases, the additional tax will not lead to …
Persistent link: https://www.econbiz.de/10010961634
Climate change is one of the most pressing challenges in current environmental policy. Appropriate policies intended to stimulate efficient adaptation and mitigation should not exclusively rely on the assumption of the homo oeconomicus, but take advantage of well-researched alternative...
Persistent link: https://www.econbiz.de/10010957764
This paper analyzes decisions on emissions of a stock pollutant under uncertainty in a two period model. Decisions are …
Persistent link: https://www.econbiz.de/10005097621
This paper investigates how competition and firm size affect the relationship between market uncertainty and R …&D investment. We use an intuitively appealing measure of firm-specific uncertainty along with panel data to show that firms invest … less in current R&D as uncertainty about market returns increases. The effect of firm-specific uncertainty on R …
Persistent link: https://www.econbiz.de/10005097745
The real options investment theory shows that greater uncertainty about market revenues reduces current R&D investment … market uncertainty on R&D investment. …
Persistent link: https://www.econbiz.de/10005097775
The theoretical discussion concerning the question whether the incumbent or the (potential) entrant invests more into R&D has attracted considerable interest. This paper reports the results of an empirical study on this question using data of about 3500 German firms over the years 1992 to 1995....
Persistent link: https://www.econbiz.de/10005097815
imperfections. Drawing on the theory of investment under uncertainty, this paper argues that public R&D subsidies increase business … R&D investment through an additional mechanism – mitigating the effects of market uncertainty on R&D investment in … markets for new products. Using a sample of German manufacturing firms, we show that market uncertainty indeed reduces R …
Persistent link: https://www.econbiz.de/10005097940
Real options investment theory predicts current investment falls as uncertainty about market returns increases. In the … pronounced. This paper tests the real options prediction about the R&D investment-uncertainty relationship and further considers … mitigate firm-specific uncertainty and stimulate current R&D investment. Our empirical results support both the prediction of …
Persistent link: https://www.econbiz.de/10005098102