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We examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding increased …
Persistent link: https://www.econbiz.de/10010326462
Economic Review 78(5): 1133–1137, 1988) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and …
Persistent link: https://www.econbiz.de/10011662518
We study a stochastic dynamic game of process innovation in which firms can initiate and terminate R&D efforts and production at different times. We discern the impact of knowledge spillovers on the investments in existing markets, as well as on the likely structure of newly forming markets, for...
Persistent link: https://www.econbiz.de/10010491339
Review, 1988) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding …
Persistent link: https://www.econbiz.de/10011526125
Review, Vol. 78, No. 5) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the …
Persistent link: https://www.econbiz.de/10014159864
We study a stochastic dynamic game of process innovation in which firms can initiate and terminate R&D efforts and production at different times. We discern the impact of knowledge spillovers on the investments in existing markets, as well as on the likely structure of newly forming markets, for...
Persistent link: https://www.econbiz.de/10014142924
Review', 1988) to examine the trade-off between the benefits of allowing firms to cooperate in R&D and the corresponding …
Persistent link: https://www.econbiz.de/10014126598
Interest rate caps, also called usury ceilings, are a widely used policy tool to protect consumers from excessive charges by loan providers. However, they are often cited as a barrier for the advancement of financial inclusion, as they may reduce the incentives to provide loans to lower-income...
Persistent link: https://www.econbiz.de/10012606021
Banks provide risky loans to firms which have superior information regarding the quality of their projects. Due to … asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem …
Persistent link: https://www.econbiz.de/10010325499
We study the effects of a bank’s engagement in trading. Traditional banking is relationship-based: not scalable, long … benefits conglomeration, but beyond some point inefficiencies dominate. The deepening of financial markets in recent decades … leads trading in banks to become increasingly risky, so that problems in managing and regulating trading in banks will …
Persistent link: https://www.econbiz.de/10010326206