If an emission reduction agreement with participation of all players is not enforceable because politicians are too myopic or not able to commit themselves to sustainable policies or costs of reducing emissions are too high, strategic investments in research and development (R&D) of green...

Viele Erklärungsmuster der Arbeitslosigkeit sind unbefriedigend, weil das Verhalten der Arbeitsnachfrageseite in Bezug auf ihre Motivation der Arbeitsplatzschaffung und ihrer hierarchisch- organisierten Struktur unzureichend in die Betrachtungsweise einbezogen werden, wodurch die Unternehmung...

We examine the role of spillover learning in shaping the value of exploratory versus incremental R&D. Using data from drug development, we show that novel drug candidates generate more knowledge spillovers than incremental ones. Despite being less likely to reach regulatory approval, they are...

This paper envisages economies of scale - or rather, diseconomies of low scale - caused in small nations by a sometimes acute shortage of talent and to indivisibility of teams: for example, a small country such as Iceland or Luxembourg cannot participate in an international football tournament...