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R&D investment under financing constraints
Giebel, Marek; Kraft, Kornelius - 2020
This paper tests for the sensitivity of R&D to financing constraints conditional on restrictions in external financing. Financing constraints of firms are identified by an exogenously calculated rating index. Restrictions in external financing are determined by (i) the specific time period...
Persistent link: https://www.econbiz.de/10012196342
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The impact of German public support transfers on firm finance : evidence from the Covid-19 crisis
Gärtner, Leo; Marek, Philipp - 2022
The economic policy response to COVID-19 lockdowns included a variety of measures. Their effects on non-financial firms, however, remain unclear. To shed light on the effect of transfers, we investigate the effect of German emergency aid transfers (November-December aid), a program designed for...
Persistent link: https://www.econbiz.de/10013205580
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The effect of discretion on procurement performance
Coviello, Decio; Guglielmo, Andrea; Spagnolo, Giancarlo - 2016
Persistent link: https://www.econbiz.de/10011475647
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Incomplete contracts in dynamic procurement
Gretschko, Vitali; Pollrich, Martin - 2019
We analyze the problem of a buyer who purchases a long-term project from one of several suppliers. A changing state of the world influences the costs of the suppliers. Complete contracts conditioning on all future realizations of the state are infeasible. We show that contractual incompleteness...
Persistent link: https://www.econbiz.de/10012105726
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Procurement with unforeseen contingencies
Herweg, Fabian; Schmidt, Klaus M. - 2017 - This version: October 15, 2017
The procurement of complex projects is often plagued by large cost overruns. One important reason for these additional costs are flaws in the initial design. If the project is procured with a price-only auction, sellers who spotted some of the flaws have no incentive to reveal them early. Each...
Persistent link: https://www.econbiz.de/10011762526
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Public procurement in the presence of capital taxation
Weichenrieder, Alfons J. - 1999
The paper considers governments' public procurement decision as a way of influencing industry structure. In a federation in which capital is mobile and capital taxation is harmonized, a home bias in public procurement can potentially be explained as an effort to increase the capital intensity of...
Persistent link: https://www.econbiz.de/10013428266
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The Brexit vote, productivity growth and macroeconomic adjustments in the United Kingdom
Broadbent, Ben; Di Pace, Federico; Drechsel, Thomas; … - 2019
The UK economy has experienced significant macroeconomic adjustments following the 2016 referendum on its withdrawal from the European Union. This paper develops and estimates a small open economy model with tradable and non-tradable sectors to characterise these adjustments. We demonstrate that...
Persistent link: https://www.econbiz.de/10012055479
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Cyclical innovations in wages, prices and employment : theory and U. K. evidence
Alogoskoufis, George S. - 1982
Persistent link: https://www.econbiz.de/10003468948
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Grenzen und Reichweiten nationaler Innovationssysteme und forschungspolitische Implikationen
Spielkamp, Alfred - 1997
importance of the interactions and linkages among acteurs and institutions involved in innovation and technology development of a … country and calls such a web of interaction a national innovation system. The theoretical and empirical analyses on national … systems of innovation lead to the conclusion that countries differ in the way in which knowledge flows and that innovation …
Persistent link: https://www.econbiz.de/10013428097
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Selection into entrepreneurship and self-employment
Levine, Ross; Rubinstein, Yona - 2020
Persistent link: https://www.econbiz.de/10012486554