We analyze social learning and innovation in an overlapping generations model in which available technologies have … path of a Brownian motion with drift. Marginal innovation consists in choosing a technology within the convex hull of … policies already explored and entails no direct cost. Radical innovation consists in experimenting beyond the frontier of that …

We study social learning and innovation in an overlapping generations model, emphasizing the trade-off between marginal … innovation (combining existing technologies) and radical innovation (breaking new ground). We characterize both short-term and … long-term dynamics of innovation, and the intergenerational accumulation of knowledge. Innovation cycles emerge …

This paper analyzes the optimal entry into experience goods markets with vertically differentiated buyers. We consider … more aggressively. The slow entry strategy is associated with increasing supply and decreasing prices over time. The … reverse patterns holds for an aggressive entry strategy. The incentives to innovate display a similar dinstinction. A firm …

This paper examines Brazil's position in research, technology transfer and innovation activities relative to peer … economies and a selected group of developed countries. It reviews the governance of the research and innovation systems, the … discussions from a national seminar on Brazil's innovation policies, the paper identifies key outstanding challenges to foster a …

Die grenzüberschreitende Betriebsaufspaltung wird in der Literatur häufig als interessantes steuerliches … unmittelbaren Praxisbezug zu verdeutlichen, wurde das Beispiel eines österreichischen Investors in Deutschland gewählt. Zugleich … Rechtsänderungen, die sich für Deutschland durch das Unternehmensteuerreformgesetz 2008 sowie die Jahressteuergesetze 2008 und 2009 und …