Showing 1 - 10 of 6,060
We propose a new real options analysis method for evaluating R&D investments using a novel Poisson process to simulate the discrete progress typical of R&D breakthroughs. We take explicit account of the technical risk of an R&D project, while the market risk and the effect of learning-by-doing...
Persistent link: https://www.econbiz.de/10012890231
Using the staggered introduction of 87 country-level regulations that mandate firms to report specific environmental or social (E&S) information, I document that disclosure of financially immaterial E&S information has material effects on firms' investment and financing decisions. Firms...
Persistent link: https://www.econbiz.de/10012827617
This paper presents an examination of the socially efficient formation of environmental R&D in Cournot duopoly in a setting where a regulator has no precommitment ability for an emission tax. The results reveal that if the environmental damage is slight, alternatively, given severe environmental...
Persistent link: https://www.econbiz.de/10010344318
In this work, we explore the relations between sales growth and a set of innovation indicators that capture the different sources, modes and results of the innovative activity undertaken within firms. We exploit a rich panel on innovation activity of Spanish manufacturing firms, reporting...
Persistent link: https://www.econbiz.de/10011420637
We develop a two-sided matching model to analyze collaboration between heterogeneous academics and firms. We predict a positive assortative matching in terms of both scientific ability and affinity for type of research, but negative assortative in terms of ability on one side and affinity in the...
Persistent link: https://www.econbiz.de/10009772922
complementarity effect. For German CIS data we conduct a complete set of indirect and direct complementarity tests refining the …
Persistent link: https://www.econbiz.de/10010414249
Ecolabels are designed to help consumers identify environmentally superior products and services, however, they are not all created equal. Some ecolabels have strong rules that promote environmental improvements, while others have weaker rules that permit free-riding. Since information about...
Persistent link: https://www.econbiz.de/10014120586
optimize the mechanical turk market. Autonomous decentralized protocols for validating domain specific reputation of workers … reusable computed reputation score. Such decentralized crypto solutions enhance the cost-efficiency of mechanical turk work … while democratizing access for reputation verified workers …
Persistent link: https://www.econbiz.de/10012926759
This paper considers the role of the allocation of scientific credit in determining the organization of science. We examine changes in that organization and the nature of credit allocation in the past half century. Our contribution is a formal model of that organizational choice that considers...
Persistent link: https://www.econbiz.de/10013062568
When do scientists and other innovators organize into collaborative teams, and why do they do so for some projects and not others? At the core of this important organizational choice is, we argue, a tradeoff scientists make between the productive efficiency of collaboration and the credit...
Persistent link: https://www.econbiz.de/10014159186