"In this paper we consider why firms sometimes choose an external development path for their own inventions, despite the costs of contracting and the risks of opportunitistic behaviour and expropriation." -- Abstract

In this paper we consider why firms sometimes choose an external development path for their own inventions, despite the costs of contracting and the risks of opportunistic behaviour and expropriation. We model the probability that firms adopt an external development strategy using survey data...

High neo-natal mortality is one of the most salient 'facts' about firm performance in the industrial organization literature. We model firm survival and examine the relative influence of firm, industry and macroeconomic factors on survival for new vis-à-vis incumbent firms. In particular, we...