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Public funding of research and corporate co-sponsorship
Goyal, Sanjeev; Rutsaert, Pauline - 1996
Persistent link: https://www.econbiz.de/10000952463
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Starting an R&D project under uncertainty
Dobbelaere, Sabien; Luttens, Roland Iwan; Peters, Bettina - 2009
Persistent link: https://www.econbiz.de/10003851121
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The transaction costs perspective on standards as a source of trade and productivity growth
Butter, Frank A. G. den; Groot, Stefan P. T.; Lazrak, Faroek - 2007
with large sunk investment costs may lead to a lock-in. This may call for government intervention in the design and use of …
Persistent link: https://www.econbiz.de/10011373830
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Starting an R&D project under uncertainty
Dobbelaere, Sabien; Luttens, Roland Iwan; Peters, Bettina - 2010
We study a two-stage R&D project with an abandonment option. Two types of uncertainty influence the decision to start R&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is modelled as a lottery between a decrease and...
Persistent link: https://www.econbiz.de/10011378299
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On the variation of hedging decisions in daily currency risk management
Bos, Charles S.; Mahieu, Ronald J.; Dijk, Herman K. van - 2001
Internationally operating firrns naturally face the decision whether or not to hedge the currencyrisk implied by foreign investments. In a recent paper, Bos, Mahieu and van Dijk (2000) evaluatethe returns from optimal and alternative currency hedging strategies, for a series of 7 models,using...
Persistent link: https://www.econbiz.de/10011313920
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R&D cooperatives and market collusion : a global dynamic approach
Hinloopen, Jeroen; Smrkolj, Grega; Wagener, Florian … - 2016
We present a continuous-time generalization of the seminal R&D model of d'Aspremont and Jacquemin (American Economic Review, 1988) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased potential for product market collusion. We...
Persistent link: https://www.econbiz.de/10011520481
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The (self-)funding of intangibles
Döttling, Robin; Ladika, Tomislav; Perotti, Enrico C. - 2016
is that the creation of intangibles is largely achieved by human capital investment and requires lower upfront outlays … dilution. Our empirical evidence confirms that firms with higher intangible investment have lower upfront investment needs …. They make similar payouts as tangible investment firms, suggesting they are not on average more financially constrained …
Persistent link: https://www.econbiz.de/10011556238
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Market structure and the pricing of new products : a nested logit approach with asymmetric firms
Bleker, Sylvia; Behrens, Christiaan; Koster, Paul; … - 2014
This article investigates competition in a market with an emerging technology using a discrete choice model to analyze demand and welfare. We focus on industry structure and investigate the impact of different market structures on demand for the new technology and on welfare. The car market...
Persistent link: https://www.econbiz.de/10010421763
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Collusion through joint R&D : an empirical assessment
Duso, Tomaso; Roeller, Lars-Hendrik; Seldeslachts, Jo - 2010
This paper tests whether upstream R&D cooperation leads to downstream collusion. We consider an oligopolistic setting where firms enter in research joint ventures (RJVs) to lower production costs or coordinate on collusion in the product market. We show that a sufficient condition for...
Persistent link: https://www.econbiz.de/10011382325
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Endogenous technological change under uncertainty
Hek, Paul A. de - 2002
Persistent link: https://www.econbiz.de/10001689204