We develop a simple theoretical model of a long term buyer-supplier relationship with non-contractible buyer specific R&D investment, and derive predictions on the effects of trust and competition on suppliers' investment and buyers' procurement strategies. We address these issues empirically...

Innovativeness is a prerequisite for profitable companies as well as for a sustainable economy. Innovations are the adequate response in times of rising competitive pressure and increasing rivalry on the global markets. Additionally, the shut down due to the global pandemic has hit all...

In der ""Standortdebatte"" werden Deutschland oft pauschal Innovationsschwächen zugeschrieben. In der Diskussion über Spielarten des Kapitalismus wird die Auffassung vertreten, ""liberale Marktwirtschaften"" wie die USA begünstigten eher radikale Innovationen als ""koordinierte...