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In the paper, a theoretical model of the determinants of innovation behaviour and investment is developed. The model is estimated with micro-data for West- German manufacturing firms from the ifo firm panel. The empirical results reveal a positive effect from firm size and market power on...
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The German energy transition massively alters the market structure of electricity supply and forces incumbent electric utilities to rethink their business strategies. We analyze three main developments that undermine the former market dominance of the “Big 4” incumbents in Germany. First,...
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