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We study a two-stage R&D project with an abandonment option. Two types of uncertainty influence the decision to start R&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is modelled as a lottery between a decrease and...
Persistent link: https://www.econbiz.de/10011378299
between innovation and growth in young firms. To this end, this paper develops an augmented YIC categorization that also … includes non-R&D innovators and young firms that conduct R&D but have not yet brought an innovation to the market. Using panel …-R&Doriented YICs, typically focused on the 'Learning by Doing, Using, and Interacting' (DUI) mode of innovation, exhibit a distinct …
Persistent link: https://www.econbiz.de/10015084298
Persistent link: https://www.econbiz.de/10000567053
Using a German firm-level data set, this paper is the first to jointly study the cyclical properties of the cross-sections of firm-level real value added and Solow residual innovations, as well as capital and employment adjustment. We find two new business cycle facts: 1) The cross-sectional...
Persistent link: https://www.econbiz.de/10003888063
question in the context of a heterogeneous-firm RBC model with persistent firm-level productivity shocks and lumpy capital …
Persistent link: https://www.econbiz.de/10003898815
question in the context of a heterogeneousfirm RBC model with persistent firm-level productivity shocks and lumpy capital …
Persistent link: https://www.econbiz.de/10003857672
Using a unique German firm-level data set, this paper is the first to jointly study the cyclical properties of the cross-sections of firm-level real value added and Solow residual innovations, as well as capital and employment adjustment. We find two new business cycle facts: 1) The...
Persistent link: https://www.econbiz.de/10003857682
Persistent link: https://www.econbiz.de/10013556544
. The second chapter provides a theory of offshoring under imitation risk that explains optimal dynamic adjustments of firms … intellectual property rights and of offshoring costs on the rate of innovation and on the offshoring intensity. In chapter 4 I … Faktorausstattung zweier Länder basiert. Das zweite Kapitel liefert eine Theorie zu Offshoring unter Imitationsrisiko. Diese Theorie …
Persistent link: https://www.econbiz.de/10011742945