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In the past decades the role of profit sharing schemes (PSS) as a way to foster innovation in a principal-agent context …, and more generally of innovation in economic growth, have been widely acknowledged and studied. However, surprisingly … innovation in a pure knowledge economy: a "patent box" incentive and a tax incentive on compensation earned by agents as PSS. A …
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The August 15th 2013 Shanghai Academic Rankings of World Universities (ARWU) should leave policy makers wondering about whether the impressive growth experienced by 'latecomers in the industry' has moved hand-in-hand with contribution to knowledge by means of scientific publications. Against...
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The research project KompNet 2011 - Factors determining the success of regional innovation networks, funded by the … partners in innovation projects, nevertheless in-house development is the most important form of creating innovative products … intensity, are very important for the innovation success. Tacit and codified transfer channels are equally important for the …
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competition arising from trade reforms lead to increases in innovation? This paper attempts to examine the link between trade … liberalization and innovation using firm panel data on the Philippine manufacturing industry. With the framework of Impulliti and … Licandro (2009, 2010) as guide, a two-stage approach is tested where trade and innovation are linked via competition. A …
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We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to those who lose the auction. Firms' bids are dual signals of their cost reductions: the winning bid signals the own cost reduction to rival oligopolists, whereas the losing bid...
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This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing …
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We provide the first cross-country evidence of the effect of investment by private equity firms on innovation, focusing … funds and insurance companies across countries and over time. We also control for the standard determinants of innovation … aggregate (private equity plus R&D) industrial spending, PE accounts for as much as 12% of industrial innovation. We also …
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