This paper studies vertical R&D spillovers between upstream and downstream firms. The model incorporates two vertically related industries, with horizontal spillovers within each industry and vertical spillovers between the two industries.

The challenges of payment transactions in electronic commerce were initially underestimated, as is now clear in the light of technological progress and stricter legislation, meaning traditional business models are increasingly coming up against their limits. Only secure, user- friendly and...

The Venture capital (VC) industry in India is of recent origin. However, the average investment value of each deal in India have grown from $3.85 million in 2000 to $7.89 million in 2001.These developments together with the recent steps taken by government to promote venture capitalism in India...

We extend Kamlen and Tauman's (1986) analysis of the value of a patent by allowing the inventor to use licencing contracts that specify a fixed fee plus a royalty.

We extend Kamlen and Tauman's (1986) analysis of the value of a patent by allowing the inventor to use licencing contracts that specify a fixed fee plus a royalty.

We estimate firm–level idiosyncratic risk in the U.S. manufacturing sector. Our proxy for risk is the volatility of the portion of growth in sales or TFP which is not explained by either industry– or economy–wide factors, or firm characteristics systematically associated with growth...

We estimate firm-level idiosyncratic risk in the U.S. manufacturing sector. Our proxy for risk is the volatility of the portion of growth in sales or TFP which is not explained by either industry- or economy-wide factors, or firm characteristics systematically associated with growth itself. We...

The Model studies information sharing and the stability of cooperation in cost Research Joint Ventures (RJVs).