The model that we develop here considers that an upstream firm sells a vital input to downstream firms. There are vertical spillovers and two different regulatory policies of the input price: cost oriented regulation and no-regulation. We also admit two alternative market structures: vertical...

En este trabajo, analizamos la evolución de las reformas en telecomunicaciones en Argentina desde el inicio de la privatización, con especial énfasis en la última etapa anterior a la apertura administrada de 1999. Los elementos más destacables de estas reformas en un contexto de...

Imports is an important factor beside exports when firm-level connection between innovation and productivity is analyzed. Innovation boosts productivity, its impact has been changing between 2005 and 2016 in Hungary. The estimated impact increased until 2010, then declined and fell to the level...

A double nature characterizes the behavior of the government in the venture capital market: a fear of systemic risk and the desire to stimulate companies with growth potential. It seems that the fear might be a bit excessive, disproportionately restricting the effects of venture capital in the...