Showing 1 - 10 of 21
The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV (Net Present Value), it considers the managerial flexibility that may be expand the investment opportunity value. However, most R&D investment projects are open to competing...
Persistent link: https://www.econbiz.de/10003872189
Persistent link: https://www.econbiz.de/10003624058
We study ex post outsourcing of production in an imperfectly discriminating contest, interpreted here as a research …
Persistent link: https://www.econbiz.de/10003301026
This paper analyzes the output, abatement, and investment decisions made by a monopolistic polluter under environmental liability law. The model applied considers both integrated and end-of-pipe abatement technologies. We find that in the case of fixed technology, in many instances negligence...
Persistent link: https://www.econbiz.de/10009380416
We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex-ante) legal system and a flexible one (law set after observing current technology). The flexible system dominates in terms of welfare, amount of innovation and output growth at...
Persistent link: https://www.econbiz.de/10009153886
This paper considers the effect of acquisition FDI on the knowledge production function. We distinguish between acquisitions by MNEs from technologically leading countries and those behind the technological frontier. We show that both acquire similarly R&D intensive domestic firms, but there are...
Persistent link: https://www.econbiz.de/10009503803
research arising from the genome case, the paper shows that in some fundamental research areas, where knowledge externalities … some features of an optimal research policy. …
Persistent link: https://www.econbiz.de/10011399680
This policy note investigates whether the current level of public support to environment-friendly technologies is sufficient to allow European countries to respond to the multiple challenges posed by climate change and other environmental concerns. We first lay out the justifications for...
Persistent link: https://www.econbiz.de/10010519926
Global climate change and other environmental challenges require the development of new energy technologies with lower emissions. In the near-term, R&D investments, either by government or the private sector, can bring down the costs of these lower emission technologies. However, the results of...
Persistent link: https://www.econbiz.de/10011298511
This paper examines the impact of tax incentives on corporate research and development (R&D) activity. Traditionally, R … exert a statistically significant impact on project quality. -- corporate taxation ; research and development ; micro data …
Persistent link: https://www.econbiz.de/10009712437