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Persistent link: https://www.econbiz.de/10009616311
This paper searches for evidence on the additional difficulty the parties have in contracting for the transfer of know-how relative to the transfer of patented technology. There is empirical evidence, drawn from a sample of contracts for the acquisition of technology by Spanish firms in 1991,...
Persistent link: https://www.econbiz.de/10005568769
This paper proposes a model where an upstream monopolist sells an input to a downstream industry, which may alternatively acquire a perfect substitute for the monopolist's input from a competitive industry. By vertically integrating with a downstream firm, the upstream monopolist may charge a...
Persistent link: https://www.econbiz.de/10005583109
I analyze a sample of contracts for the acquisition of technology by Spanish firms, where I observe firm and technology characteristics, as well as the type of scheduled payments, whether fixed and/or variable. I find first that technology type influences the chances of the parties reaching an...
Persistent link: https://www.econbiz.de/10005583119
This paper presents evidence on actual collusive agreements from the late 19th Century iron and steel industry in Spain. We examine the minutes of the executive boards of two Basque firms, Altos Hornos de Bilbao and Vizcaya, to discuss the relevance of different factors on survival and failure...
Persistent link: https://www.econbiz.de/10005583133
We estimate and compare the forecasting performance of several dynamic models of returns of different hedge fund strategies. The conditional mean of return is an ARMA process while its conditional volatility is modeled according to the GARCH specification. In order to take into account the high...
Persistent link: https://www.econbiz.de/10005583116
Persistent link: https://www.econbiz.de/10008748570
Persistent link: https://www.econbiz.de/10009784930
This study investigates the impact of geographic distance between the home country of a Multinational Enterprise (MNE) and host countries where subsidiaries are located on the MNE’s decision to carry out overseas research and development (R&D) activities in the host market. The analysis is...
Persistent link: https://www.econbiz.de/10009131156
This paper examines a version of the tests of Robinson (1994) that enables one to test models of the form (1-Lk)dxt = ut, where k is an integer value, d may be any real number, and ut is I(0). The most common cases are those with k = 1 (unit or fractional roots) and k = 4 and 12 (seasonal unit...
Persistent link: https://www.econbiz.de/10008480446