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Government Funding of University-Industry Collaboration : Exploring the Impact of Targeted Funding on University Patent Activity

Nugent, Annita - 2020

Government investment in university research results in greater output and impact. To better capture economic benefits … stemming from university research, governments have developed funding programs specifically targeting university … evaluate the effect of one such scheme, the Australian Research Council (ARC) Linkage Project scheme, by comparing it to its …

Persistent link: https://www.econbiz.de/10012843429

Attracting Profit Shifting or Fostering Innovation? On Patent Boxes and R&D Subsidies

Haufler, Andreas; Schindler, Dirk - 2021

Many countries have introduced patent box regimes in recent years, offering a reduced tax rate to businesses for their IP-related income. Patent boxes are supposed to increase innovative activity, but they are also suspected to aim at attracting inward profit shifting from multinational firms....

Persistent link: https://www.econbiz.de/10013315146

Stranded Assets in the Transition to a Carbon-Free Economy

van der Ploeg, Rick - 2020

Assets in the fossil fuel industries are at risk of losing market value due to anticipated breakthroughs in renewable technology and governments stepping up climate policies in the light of the Paris commitments to limit global warming to 1.5 or 2 degrees Celsius. Stranded assets arise due to...

Persistent link: https://www.econbiz.de/10012843436

Patterns of Current Account Adjustment - Insights from Past Experience

Algieri, Bernardina; Bracke, Thierry - 2021

The paper examines episodes of current account adjustment in individual economies. A central finding is that these episodes are very divergent and can be usefully classified, on the basis of cluster analysis, in three groups. A majority of cases is characterised by internal adjustment,...

Persistent link: https://www.econbiz.de/10013317000

Optimal Organization of Financial Intermediaries

Bougheas, Spiros; Wang, Tianxi - 2015

This paper provides a unified framework for endogenizing two distinct organizational structures of financial intermediation. In one structure, called Bank, the intermediary is financed by issuing debt contracts to investors, and thus resembles commercial banks. In the other structure, called...

Persistent link: https://www.econbiz.de/10011307120

The Effects of International Financial Integration in a Model with Heterogeneous Firms and Credit Frictions

Clemens, Christiane; Heinemann, Maik - 2013

This paper examines the consequences of international financial integration in a two sector heterogeneous agent dynamic general equilibrium model of occupational choice with financial constraints and idiosyncratic risks. We discuss the macroeconomic and distributional effects of financial market...

Persistent link: https://www.econbiz.de/10010328743

Discounting, inequalities and economic convergence

Gollier, Christian - 2010

The aim of this paper is to examine the impact of inequalities and economic convergence on the efficient discount rate, in the absence of any risk-sharing scheme. We consider an economy in which the initial consumption level and the distribution of consumption growth are heterogeneous. The...

Persistent link: https://www.econbiz.de/10010274835

Labor in the Boardroom

Jäger, Simon; Schoefer, Benjamin; Heining, Jörg - 2019

We estimate the effects of a mandate allocating a third of corporate board seats to workers (shared governance). We study a reform in Germany that abruptly abolished this mandate for certain firms incorporated after August 1994 but locked it in for the older cohorts. In sharp contrast to the...

Persistent link: https://www.econbiz.de/10012179779

Carbon Dioxide as a Risky Asset

Bauer, Adam Michael; Proistosescu, Cristian; Wagner, Gernot - 2023

We develop a financial-economic model for carbon pricing with an explicit representation of decision making under risk and uncertainty that is consistent with the Intergovernmental Panel on Climate Change's sixth assessment report. We find that this approach provides economic support for the...

Persistent link: https://www.econbiz.de/10014290188

Complexity and Time

Enke, Benjamin; Graeber, Thomas; Oprea, Ryan - 2023

We provide experimental evidence that core intertemporal choice anomalies – including extreme short-run impatience, structural estimates of present bias, hyperbolicity and transitivity violations – are driven by complexity rather than time or risk preferences. First, all anomalies also arise...

Persistent link: https://www.econbiz.de/10014290237

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