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Economists pay little attention to the services sector, defined as intangible activities incorporated in utilisation of the good. Italy has a share of services similar to that of its equally developed European partners (around 70% of GDP) but internet services are still not widespread,...
Persistent link: https://www.econbiz.de/10010991499
At any given point in time, the collection of assets existing in the economy is observable. Each asset is a function of a set of contingencies. The union taken over all assets of these contingencies is what we call the set of publicly known states. An innovation is a set of states that are not...
Persistent link: https://www.econbiz.de/10010933661
Extensive literature on the contribution of knowledge spillovers to growth and development at the regional level exists but these studies mainly features regions characterised by a high level of economic development. This paper assesses the importance of knowledge spillovers for firms located in...
Persistent link: https://www.econbiz.de/10010634139
The way a company creates and shares knowledge can come to form themselves into a sustainable competitive advantage with high gains in its industrial sector. This work is a case study of an invention, which later became a technological innovation, the project mipis - Micro Port Bait...
Persistent link: https://www.econbiz.de/10008509320
At any given point in time, the collection of assets existing in the economy is observable. Each asset is a function of a set of contingencies. The union taken over all assets of these contingencies is what we call the set of publicly known states. An innovation is a set of states that are not...
Persistent link: https://www.econbiz.de/10010616508
The standard neoclassical approach to economic theorising excludes, by definition, economic emergence and the related phenomenon of entrepreneurship. We explore how the most economic of human behaviours, entrepreneurship, came to be largely excluded from mainstream economic theory. In contrast,...
Persistent link: https://www.econbiz.de/10010576973
Shafer's evidence theory is a branch of the mathematics of uncertain reasoning that allows for novel possibilities to be conceived by a decision-maker. Many of its findings exhibit striking similarities with an alternative decision theory purported by Shackle in the 1950s, before expected...
Persistent link: https://www.econbiz.de/10005125582
cost, and without bearing innovation risk. We model the situation as a game and test it in the lab. We find even more … most industries for most potential users, appropriating a foreign innovation is itself an investment decision fraught with … cost and risk. Nonetheless standard theory predicts too little innovation. Arguably the problem is exacerbated by …
Persistent link: https://www.econbiz.de/10010720409
most industries and for most potential users, appropriating a foreign innovation is itself an investment decision fraught … with cost and risk. Nonetheless, standard theory predicts too little innovation. Arguably the problem is exacerbated by the …
Persistent link: https://www.econbiz.de/10011116601
We investigate the relationship between innovation indicators (R&D and patenting) and stock market performance for a panel of manufacturing firms traded on Borsa İstanbul (BIST), formerly known as the İstanbul Stock Exchange. Similar to previous results obtained using U.S. and European data,...
Persistent link: https://www.econbiz.de/10010940943