Forward-looking activities (FLAs) can influence innovation systems in various ways to a significant extent. This paper focuses on changes induced by FLAs in the innovation policy governance sub-systems (IPGSs) of the national innovation system. Our knowledge is surprisingly limited even on this...

Forward-looking activities (FLAs) can influence innovation systems in various ways to a significant extent. This paper focuses on changes induced by FLAs in the innovation policy governance sub-systems (IPGSs) of the national innovation system (NIS). Our knowledge is surprisingly limited even on...

Future-orientation or innovativeness is a leading credo in the EU’s economic policy agenda of the 21st century. It started in the year 2000 with the Lisbon Agenda, the first 10 years plan in which Europe should have become the most competitive and dynamic knowledge-based economic region in the...

In this paper we introduce HECTOR, a new and advanced long-term electricity market model that simulates market behavior bottom-up through opportunistic, variable cost-based bidding of individual power plants into auction-based national markets with international interconnection capacities....

The EU competition policy in regard to vertical restraints is mainly based upon neoclassical efficiency-oriented reasonings, leading to a neglect of the innovation dimension. This paper analyses to what extent evolutionary theories of competition and innovation economics can be used to derive...

The diversity of the labour market in the Visegrad Group countries is presented in the article from an institutional perspective. Institutions such as different tax and transfer policies, employment protection legislation, or active and passive labour market policies can affect not only the...

The analysis of the advantages of competition as a process of parallel experimentation is a neglected dimension of competition. Innovation competition as a trial and error-process can be analyzed as an evolutionary process of variation and selection of new problem solutions, which allows to...

The labor market is both a market and a "social institution". But what do we mean by that? In the first part of this article we analyze different interpretations of the labor market's "social" dimension, starting with the versions postulated by economists and ending with those that invoke...

The labor market is both a market and a "social institution". But what do we mean by that? In the first part of this article we analyze different interpretations of the labor market's "social" dimension, starting with the versions postulated by economists and ending with those that invoke...

The choice of indicators to measure innovation processes and assess performance is of vital significance. This paper argues that those economic theories give a more accurate, more reliable account of innovation activities that follow a broad approach of innovation, that is, consider all...