Showing 1 - 10 of 10,658
) Entrepreneurship distributed in systems of innovation, 3) Entrepreneurs changing selection criteria, and 4) Rationality vs. uncertainty …
Persistent link: https://www.econbiz.de/10014217667
and innovation. After a half-century of debate and innumerable studies, the consensus is that there is no clear answer to … the question. On a concrete level, the uncertainty underlies the most fundamental critique of "innovation markets," or … markets for research and development (R&D). After all, if concentration leads to innovation, then antitrust challenges are not …
Persistent link: https://www.econbiz.de/10014051798
on innovation. These data indicate that Pioneer innovated less in response to Monsanto’s entry. Field trial data also …
Persistent link: https://www.econbiz.de/10014136711
Leveraging the detailed project-level data on biotech startups and their IPO records, this paper studies how adverse selection in capital markets affects financing decisions of entrepreneurs and firm values. By structurally estimating a dynamic model that features strategic experimentation and...
Persistent link: https://www.econbiz.de/10013222521
literature. We discuss if lock-ins are really inescapable, especially when innovation is concerned. Also, we address the question …
Persistent link: https://www.econbiz.de/10011562657
Migration and trade are often linked through ethnic networks boosting bilateral trade. This study uses migration to quantify the importance of Ricardian technology differences for international trade. The framework provides the first panel estimates connecting country-industry productivity and...
Persistent link: https://www.econbiz.de/10011568775
We present a class of dynamic general-equilibrium models of education, innovation and technology transfer to explain …. Innovation and human-capital accumulation appear as in-line engines of scale-invariant endogenous growth. Industries evolve … according to stochastic processes of innovation, imitation and technology adaption in the global economy. …
Persistent link: https://www.econbiz.de/10011295685
discovery and in the diffusion of a technological principle and their profit flow depends on how many firms adopt the innovation …
Persistent link: https://www.econbiz.de/10011730583
We show that, in a model without commitment to future policies, geoengineering breakthroughs can have adverse environmental and welfare effects because they change the (equilibrium) carbon taxes. In our model, energy producers emit carbon, which creates a negative environmental externality, and...
Persistent link: https://www.econbiz.de/10011820231
We analyze the impact of obsolescence of economic inventions by incorporating maintenance costsin the endogenous growth model of expanding product varieties. This contrasts with the existingliterature, which ignores maintenance costs and uses the model of quality improvements todescribe...
Persistent link: https://www.econbiz.de/10011317468