Similar Search Results

The hold-up problem, innovations, and limited liability

Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2012

An inventor can invest research effort to come up with an innovation. Once an innovation is made, a contract is …

Persistent link: https://www.econbiz.de/10011084016

Restructuring And Productivity Growth In UK Manufacturing

Disney, Richard F; Haskel, Jonathan; Heden, Ylva - C.E.P.R. Discussion Papers - 2000

We analyse productivity growth in UK manufacturing 1980-92 using the newly available ARD panel of establishments drawn from the Census of Production. We examine the relative importance of 'internal' restructuring (such as new technology and organizational change) and 'external' restructuring...

Persistent link: https://www.econbiz.de/10005666830

Skills, human capital and the plant productivity gap: UK evidence from matched plant, worker and workforce data

Haskel, Jonathan; Hawkes, Denise; Pereira, Sonia - C.E.P.R. Discussion Papers - 2005

Using two matched plant level skills and productivity datasets for UK manufacturing we document that (i) more productive firms hire more skilled workers: in 2000, plants at the top decile of the TFP distribution (controlling for their four-digit industry) hired workers with, on average, around...

Persistent link: https://www.econbiz.de/10005497762

An Innovation Index Based on Knowledge Capital Investment: Definition and Results for the UK Market Sector

Clayton, Tony; Dal Borgo, Mariela; Haskel, Jonathan - C.E.P.R. Discussion Papers - 2009

We (a) propose an implementable innovation index, (b) relate it to existing innovation definitions and (c) show whole …-economy and industry-specific results for the UK market sector, 2000-2005. Our innovation measure starts by observing that we … could get more GDP without innovation by simply duplicating existing physical capital and labour (e.g. adding a second …

Persistent link: https://www.econbiz.de/10005124259

Exclusive versus Non-exclusive Licensing Strategies and Moral Hazard

Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2007

An upstream firm can license its innovation to downstream firms that have to exert further development effort. There …

Persistent link: https://www.econbiz.de/10005497972

UK Innovation Index: Productivity and Growth in UK Industries

Goodridge, Peter; Haskel, Jonathan; Wallis, Gavin - C.E.P.R. Discussion Papers - 2012

This paper provides an update of the NESTA Innovation Index and tries to calculate some facts for the 'knowledge …

Persistent link: https://www.econbiz.de/10011083550

Task Scheduling and Moral Hazard

Mylovanov, Tymofiy; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2007

We study a two-period moral hazard problem with risk-neutral and wealth-constrained agents and three identical tasks. We show that the allocation of tasks over time is important if there is a capacity constraint on the number of tasks that can be performed in one period. We characterize the...

Persistent link: https://www.econbiz.de/10005067477

Does the Sector Bias of Skill-Biased Technical Change Explain Changing Wage Inequality?

Haskel, Jonathan; Slaughter, Matthew - C.E.P.R. Discussion Papers - 1998

This paper examines whether the sector bias of skill-biased technical change (SBTC) explains changing skill premia within countries in recent decades. First, using a two-factor, two-sector, two-country model we demonstrate that in many cases it is the sector bias of SBTC that determines SBTC’s...

Persistent link: https://www.econbiz.de/10005666753

Trade, Technology and UK Wage Inequality

Haskel, Jonathan; Slaughter, Matthew - C.E.P.R. Discussion Papers - 1999

The U.K. skill premium fell from the 1950s to the late 1970s and then rose very sharply. This paper examines the contributions to these relative wage movements of international trade and technical change. We first measure trade as changes in product prices and technical change as TFP growth....

Persistent link: https://www.econbiz.de/10005789090

Allocating Control in Agency Problems with Limited Liability and Sequential Hidden Actions

Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2005

This paper discusses the optimal organization of sequential agency problems with contractible control actions under limited liability. In each of two stages, a risk-neutral agent can choose an unobservable effort level. A success in the first stage makes effort in the second stage more...

Persistent link: https://www.econbiz.de/10005791951