This paper extends the standard Hotelling model with quadratic transport costs to the multi-firm case. Considering locational equilibria we show that neither holds the Principle of Maximum Differentiation - as in the duopoly model - nor does the Principle of Minimum Differentiation - as in the...

This paper examines the determinants of young innovative companies’ (YICs) R&D activitiestaking into account the autoregressive nature of innovation. Using a large longitudinal datasetcomprising Spanish manufacturing firms over the period 1990-2008, we find that previousR&D experience is a...

The UK’s business R&D (BERD) to GDP ratio is low compared to other leading economies,and the ratio has slowly declined over the 1990s. This paper uses data on large UK firms toanalyse the link between R&D and productivity over the 1989-2000 period. Using aproduction function approach, and a...

In this paper, we open up the black box that has been the introduction of open practices into firms’ commercial R&D strategies. Most of the existing research on the phenomenon of open innovation focuses on its interorganizational aspects. In contrast, the effect that the opening of boundaries...

This paper uses confidential microdata from the Census of Services to examine lawfirms' field boundaries. We find that the share of lawyers working in field-specializedfirms increases as market size increases and lawyers field-specialize, indicating thattransaction costs among lawyers, and not...

A large theoretical literature focuses on the question: What determines firms’ boundaries?Recently, Garicano and Santos and Holmstrom and Milgrom have proposed theories in whichfirms’ boundaries reflect the division of labor across individuals. This paper discussesstrategies for generating...

Für die Auswahl geeigneter Wachstumsstrategien ist zuerst eine objektiveAnalyse des eigenen Unternehmens sowie der Wettbewerbssituationin der eigenen Branche und gegebenenfalls in angrenzenden Branchenerforderlich. Dazu dient beispielsweise ein Benchmarking mit Kennzahlen.Einen ersten...

The main objective of this study is to investigate the impact of corporate R&D activities onfirms’ performance, measured by labour productivity. To this end, the stochastic frontiertechnique is applied, basing the analysis on a unique unbalanced longitudinal datasetconsisting of 532 top...

Government policy emphasises five ‘drivers’ of productivity: competition, enterprise, innovation, investment and skillsand each of these has been the subject of major programmes of reform (HM Treasury, 2006). Despite this, andnotwithstanding some improvement, UK productivity in terms of output...