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Dynamic Mergers Effects on R&D Investments and Drug Development Across Research Phases in the Pharmaceutical Industry
Siebert, Ralph - 2020
sufficient investment is left after mergers to further develop firms' internal drug development capability. We evaluate the …
Persistent link: https://www.econbiz.de/10012833741
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Endogenous Task-Based Technical Change - Factor Scarcity and Factor Prices -
Irmen, Andreas - 2020
This paper develops a static model of endogenous task-based technical progress to study how factor scarcity induces technological progress and changes in factor prices. The equilibrium technology is multi-dimensional and not strongly factor-saving in the sense of Acemoglu (2010). Nevertheless,...
Persistent link: https://www.econbiz.de/10012836938
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Migrant Inventors and the Technological Advantage of Nations
Bahar, Dany - 2019
We investigate the relationship between the presence of migrant inventors and the dynamics of innovation in the migrants’ receiving countries. We find that countries are 25 to 50 percent more likely to gain advantage in patenting in certain technologies given a twofold increase in the...
Persistent link: https://www.econbiz.de/10012867871
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Labor Supply and Automation Innovation
Danzer, Alexander - 2020
While economic theory suggests substitutability between labor and capital, little evidence exists regarding the causal effect of labor supply on inventing labor-saving technologies. We analyze the impact of exogenous changes in regional labor supply on automation innovation by exploiting an...
Persistent link: https://www.econbiz.de/10012828791
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The Cultural Roots of Firm Entry, Exit, and Growth
Erhardt, Katharina; Haenni, Simon - 2021
Can culture explain persistent differences in economic activity among individuals and across regions? A novel measure of cultural origin enables us to contrast the entrepreneurial activity of individuals located in the same municipality but whose ancestors lived just on opposite sides of the...
Persistent link: https://www.econbiz.de/10013218291
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The Past and Future of Work: How History Can Inform the Age of Automation
Schneider, Benjamin; Vipond, Hillary - 2023
Debates about the future of work frequently reference past instances of transformative innovation to preface analysis of how automation and artificial intelligence could reshape society and the economy. However, technological shifts in history are rarely considered in depth or used to improve...
Persistent link: https://www.econbiz.de/10014469557
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Entry Barriers and the Labor Market Outcomes of Incumbent Workers : Evidence from a Deregulation Reform in the German Crafts Sector
Lergetporer, Philipp - 2019
We study the labor market outcomes of a deregulation reform in Germany that removed licensing requirements to become self-employed in some occupations. Using longitudinal social security data, we implement a matched difference-in-differences design with entropy balancing to account for...
Persistent link: https://www.econbiz.de/10012892300
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Entrepreneurial innovations and taxation
Haufler, Andreas; Norbäck, Pehr-Johan; Persson, Lars - 2011
In many countries entrepreneurship is promoted through tax reductions for small businesses and by various government support schemes. We analyze the effects of such policies to subsidize small businesses in a setting where both the risk-return characteristics of the selected innovation project...
Persistent link: https://www.econbiz.de/10010275011
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Optimal R&D investment strategies with quantity competition under the threat of superior entry
Lukach, Ruslan; Kort, Peter M.; Plasmans, Joseph - 2005
This paper studies R&D investment decisions of a firm facing the threat of new technology entry and subject to …
Persistent link: https://www.econbiz.de/10010261128
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The Impact of Tax Uncertainty on Irreversible Investment
Niemann, Rainer - 2021
that anticipate the actual tax base incorrectly. I analyze the effects of stochastic taxation on investment behavior in a … the effects of both tax base and tax rate uncertainty, the investment's tax payment is modelled as a stochastic process …. Increased tax uncertainty has an ambiguous impact on investment timing. The view that tax uncertainty depresses real investment …
Persistent link: https://www.econbiz.de/10013316889