We analyze the effect of a labor market reform on firms' product innovation. The re- form, which amounts to a natural experiment, differentially reduced firing costs for some firms, thereby lowering adjustment costs in the presence of demand uncertainty. Using a difference-in- differences...

Technology policy is becoming increasingly important in many countries, but there are few studies providing an evaluation based on microeconometric analysis of one common tool, R&D subsidies to private firms. Ex-post policy evaluation, is, however, a necessary step for checking its effectiveness...

Technology policy is becoming increasingly important in many countries, but there are few studies providing an evaluation based on microeconometric analysis of one common tool, R&D subsidies to private firms. Ex-post policy evaluation, is, however, a necessary step for checking its effectiveness...

This paper studies the causal effect of technology and knowledge transfers on early industrial development. Between 1950 and 1957, the Soviet Union supported the "156 Projects" in China for building technologically advanced industrial facilities. We exploit idiosyncratic delays in project...

Better managers and managerial practices lead to better firm performance. Yet, little is known about what happens when managers move across firms. Does a firm hiring a good manager improve its performance? If yes is there some valuable knowledge the manager has acquired and successfully diffused...

Gegenstand des Gutachtens ist die Analyse der Auswirkungen eines Leistungsschutzrechtes für digitale Presseinhalte im Internet (Leistungsschutzrecht für Presseverleger) aus ökonomischer Perspektive. Hintergrund ist das Vorhaben der Bundesregierung, ein solches Leistungsschutzrecht noch in...