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This paper generalizes the standard transfer pricing concept of implicit support flowing from a parent company to its subsidiary. The first extension is to assume that implicit support might be ve or -ve for the recipient. The second is to consider the possibility of implicit support flowing...
Persistent link: https://www.econbiz.de/10013006643
Blockchain technology has the potential to revolutionize the way trusted computing is delivered to end users. One of the pillars enabling the shift is a decentralized token-based business model. While intuitively appealing, little is known about the economic properties of such models. In this...
Persistent link: https://www.econbiz.de/10014032792
This paper provides theoretical background to the increasing R&D cooperation among firms and public research institutions. We find that R&D spillovers may impede cooperation among firms or research institutions even when the cost of forming a link is negligible. Further, the presence of...
Persistent link: https://www.econbiz.de/10013051108
Contract duration as component of contract design has both a transaction cost savings function by mitigating exchange hazards and a strategic value creation function by leveraging knowledge-based resources. Previous studies have not explained the value creation function of contract duration in...
Persistent link: https://www.econbiz.de/10012920272
This paper argues that investment-specific technological progress (ISTP) conventionally identified with the relative price of investment, inevitably correlate with neutral technological progress in heterogeneous production networks. Consequently, the ISTP is an elusive concept to examine the...
Persistent link: https://www.econbiz.de/10014235511
In this paper, we introduce the concept of a Digital Layer to empirically investigate inter-firm relations at any geographical scale of analysis. The Digital Layer is created from large-scale, structured web scraping of firm websites, their textual content and the hyperlinks among them. Using...
Persistent link: https://www.econbiz.de/10012150751
Users of social, economic, or medical networks share personal information in exchange for tangible benefits, but may be harmed by leakage and misuse of the shared information. I analyze the effect of enhancing privacy in the presence of two opposing forces: network effects and informational...
Persistent link: https://www.econbiz.de/10012963986
Productivity across European regions is related to three types of networks that mediate R&D-related knowledge … co-patenting relations appear to affect local productivity directly, regions that link up to innovative leader regions … via imports gain in productivity only when they have relatively high levels of human capital and absorptive capacity. From …
Persistent link: https://www.econbiz.de/10011772896
This article considers the role of trust in structuring and sustaining entrepreneurial networks in Anglo-American communities. Interviews with stakeholders involved in innovation investment demonstrate how shared identity and experience serve as proxies for trust in influencing decisions, and...
Persistent link: https://www.econbiz.de/10012750931
Persistent link: https://www.econbiz.de/10012433470