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Network formation with local complements and global substitutes : the case of R&D networks

Hsieh, Chih-sheng; König, Michael D.; Liu, Xiaodong - 2016 - This version: February 15, 2016

We analyze R&D collaboration networks in industries where firms are competitors in the product market. Firms' benefits from collaborations arise by sharing knowledge about a cost-reducing technology. By forming collaborations, however, firms also change their own competitive position in the...

Persistent link: https://www.econbiz.de/10011429537

Liquidity Risk, Market Valuation, and Bank Failures

Wu, Deming - 2012

We propose a model that links the conditional probability of bank failure to insolvency and liquidity risks, and show … that liquidity risk affects bank failures through systematic and idiosyncratic channels. Empirical results based on U … systematic liquidity risk was a major predictor of bank failures in 2008 and 2009. This finding has important implications for …

Persistent link: https://www.econbiz.de/10013097835

Emergence of innovation networks from R&D cooperation with endogenous absorptive capacity

Egbetokun, Abiodun Adeyemi; Savin, Ivan - 2013

This paper extends the existing literature on strategic R&D alliances by presenting a model of innovation networks with endogenous absorptive capacity. The networks emerge as a result of bilateral cooperation over time between firms occupying different locations in the knowledge space. Social...

Persistent link: https://www.econbiz.de/10009784064

Emergence of Innovation Networks from R&D Cooperation with Endogenous Absorptive Capacity

Savin, Ivan - 2014

Persistent link: https://www.econbiz.de/10013063870

Network of Tinkerers : A Model of Open-Source Technology Innovation

Meyer, Peter B. - 2014

Airplanes were invented by hobbyists and experimenters, and some personal computers were as well. Similarly, many open-source software developers are interested in the software they make, and not focused on profit. Based on these cases, this paper has a model of agents called tinkerers who want...

Persistent link: https://www.econbiz.de/10014221720

Market Reaction to Bank Liquidity Regulation

Bruno, Brunella - 2016

We measure market reactions to announcements concerning liquidity regulation, a key innovation in the Basel framework …. Our initial results show that liquidity regulation attracts negative abnormal returns. However, the price responses are … consider liquidity regulation to be binding. Bank- and country-specific characteristics also matter. Liquid balance sheets and …

Persistent link: https://www.econbiz.de/10012979746

Who are the brokers of knowledge in regional systems of innovation? : a multi-actor network analysis

Kauffeld-Monz, Martina; Fritsch, Michael - 2008

The discussion on regional innovation systems emphasizes the duality of local and global links. While the former enable effective knowledge exchange between regional actors, the latter are considered to provide regional systems with knowledge diverse to their knowledge base. Our empirical...

Persistent link: https://www.econbiz.de/10003798357

Innovation Networks of High Tech SMEs : Creation of Knowledge but No Creation of Value

Winters, Rob - 2013

This paper analyses the effects of innovation networks on product and process innovation and sales growth of high technology SMEs. Innovation networks are positively related to both product and process innovation, i.e. knowledge creation. One exception is the negative effect of innovation...

Persistent link: https://www.econbiz.de/10012711320

Six Degrees of GM Bacon : Network Analysis of Biotechnology Inventors

Johnson, Daniel K. N. - 2014

Network analysis shows a stable network between states, but a changing environment between individual actors, with a growing importance of connectedness. The popular maxim that everyone is connected by six degrees of separation is tested with surprising results

Persistent link: https://www.econbiz.de/10014056177

Network formation with local complements and global substitutes : the case of R&D networks

Hsieh, Chih-sheng; König, Michael D.; Liu, Xiaodong - 2017 - Revised version

In this paper we introduce a stochastic network formation model where agents choose both actions and links. Neighbors in the network benefit from each other's action levels through local complementarities and there exists a global interaction effect reflecting a strategic substitutability in...

Persistent link: https://www.econbiz.de/10011598616

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