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The Ifo Investment Database
Strobel, Thomas; Sauer, Stefan; Wohlrabe, Klaus - 2013
In this paper we present the Ifo Investment Database, which provides annual investment data for 12 investment assets in 50 German industries from 1991 onward. The data is consistent with national accounts statistics provided by the German Federal Statistical Office and is based on investments in...
Persistent link: https://www.econbiz.de/10009721990
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Venture capital backed growth
Keuschnigg, Christian - 2002
The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists … productive and active VC industry boosts innovation driven growth. …
Persistent link: https://www.econbiz.de/10011409024
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A retrospective study of state aid control in the German broadband market
Duso, Tomaso; Nardotto, Mattia; Seldeslachts, Jo - 2021
significantly increased in the municipalities receiving aid. This additional entry decreased average prices. Therefore, the …
Persistent link: https://www.econbiz.de/10012433753
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Capital accumulation and employment cycles in a model of creative destruction
Palokangas, Tapio K. - 2003
A Schumpeterian growth model is constructed for an economy with wage bargaining. It is shown that the economy is subject to cycles in which capital, output and employment vary in fixed proportion. These increase through saving and capital accumulation until a new technology is introduced, at...
Persistent link: https://www.econbiz.de/10001740665
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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 E. J. - 2005
This paper studies R&D investment decisions of a firm facing the threat of new technology entry and subject to … technical uncertainty. We distinguish four scenarios: inevitable entry, entry deterrence, entry blockade, and non-credible entry … threat. The entry threat stimulates the incumbent to innovate in case entry prevention is possible, but discourages R&D if …
Persistent link: https://www.econbiz.de/10002593104
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Optimal R&D investment strategies with quantity competition under the threat of superior entry
Lukach, Ruslan (contributor); Kort, Peter M. (contributor);  … - 2005
This paper studies R&D investment decisions of a firm facing the threat of new technology entry and subject to … technical uncertainty. We distinguish four scenarios: inevitable entry, entry deterrence, entry blockade, and non-credible entry … threat. The entry threat stimulates the incumbent to innovate in case entry prevention is possible, but discourages R&D if …
Persistent link: https://www.econbiz.de/10002576613
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A strategic R&D investment with flexible development time in real option game analysis
Villani, Giovanni - 2009
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
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Capital accumulation and employment cycles in a model of creative destruction
Palokangas, Tapio K. - 2003
A Schumpeterian growth model is constructed for an economy with wage bargaining. It is shown that the economy is subject to cycles in which capital, output and employment vary in fixed proportion. These increase through saving and capital accumulation until a new technology is introduced, at...
Persistent link: https://www.econbiz.de/10011514161
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The cross-section of firms over the business cycle : new facts and a DSGE exploration
Bachmann, Ruediger; Bayer, Christian - 2009
Using a German firm-level data set, this paper is the first to jointly study the cyclical properties of the cross-sections of firm-level real value added and Solow residual innovations, as well as capital and employment adjustment. We find two new business cycle facts: 1) The cross-sectional...
Persistent link: https://www.econbiz.de/10003888063
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Firm-specific productivity risk over the business cycle : facts and aggregate implications
Bachmann, Ruediger; Bayer, Christian - 2009
Is time-varying firm-level uncertainty a major cause or amplifier of the business cycle? This paper investigates this question in the context of a heterogeneous-firm RBC model with persistent firm-level productivity shocks and lumpy capital adjustment, where cyclical changes in uncertainty...
Persistent link: https://www.econbiz.de/10003898815