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A model of heterogeneous firm matches in cross-border mergers & acquisitions
Brakman, Steven; Garretsen, Harry; Gerritse, Michiel; … - 2018 - This version: May 2018
In contrast to empirical evidence, recent theories of cross-border mergers and acquisitions (M&As) assume perfect knowledge transfers - from high to low productivity firms - between acquirer and target. Using the Melitz (2003) model of heterogeneous firms, we develop a matching model of...
Persistent link: https://www.econbiz.de/10011862878
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The impacts of feed-in tariffs on innovation : empirical evidence from Germany
Böhringer, Christoph; Cuntz, Alexander; Harhoff, Dietmar; … - 2014
promotion. In this paper, we assess one popular justification for feed-in tariffs, i.e., induced innovation as a positive … spillover externality. Based on regressions with a time-technology fixed effect negative binomial model, we find that innovation …
Persistent link: https://www.econbiz.de/10010252146