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in innovation activity between regions have so far been rather unsuccessful. Using a unique data set which contains … in the efficiency of innovation activities can be found. This variation is in correspondence with a center … differences in efficiency of regional innovation systems can be explained by differences in R&D-cooperation behavior.... …
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Taking as a basis for discussion the Schumpeter's innovation theory, this paper analyses the relationship between …
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cost savings. We view the monopolistically competitive firm as an essential source of technological innovation, product … monopolistically competitive firm not only offers product variety and innovation but is the optimal institutional arrangement under …
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This study evaluates how different lengths of entry protection impact consumer and producer surplus. We formulate a dynamic oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms choose the optimal time to enter a market, and make output and...
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We find that innovative efficiency (IE), patents or citations scaled by R&D, is a strong positive predictor of future returns after controlling for firm characteristics and risk. The IE-return relation is associated with the loading on a mispricing factor, and the high Sharpe ratio of the...
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Increases in the cost of research, specialization and reductions in public expenditure in health are changing the economic environment for the pharmaceutical industry. Gains in productivity and efficiency are increasingly important in order for firms to succeed in this environment. We analyze...
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