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Successful innovative activity is a major contribution to the intangible capital of firms. Although its importance is generally acknowledged, the contribution to companies' profits is a priori unclear. We present the results of an empirical study on the effects of the patent stock on...
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or output of a knowledge production function. We suggest that the productivity of research in patent production functions …
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or output of a knowledge production function. We suggest that the productivity of research in patent production functions …
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the productivity of labor and relative bargaining power of capital and labor. It turns out that codetermination does not … affect productivity, but leads to a significant increase in workers’ bargaining power and the distribution of rents. …
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