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The theoretical literature on the cumulative innovation process has emphasized the role of ex-ante licensing – namely, licensing agreements negotiated before the follow-on innovator has sunk its R&D investment – in mitigating the risk of hold-up of future innovations. In this paper, we...
Persistent link: https://www.econbiz.de/10011049813
This chapter reviews the empirical literature on the determination of firms’ and industries’ innovative activity and performance, highlighting the questions addressed, the approaches adopted, impediments to progress in the field, and research opportunities. We review the...
Persistent link: https://www.econbiz.de/10014025172
This chapter examines the contributions that economists have made to the study of science and the types of contributions the profession is positioned to make in the future. Special emphasis is placed on the public nature of knowledge and characteristics of the reward structure that encourage the...
Persistent link: https://www.econbiz.de/10014025171
Innovation in agriculture differs from innovation elsewhere in the economy in several important ways. In this chapter we highlight differences arising from (a) the atomistic nature of agricultural production, (b) the spatial specificity of agricultural technologies and the implications for...
Persistent link: https://www.econbiz.de/10014025149
Mit Patentdaten der weltweit forschungsstärksten Unternehmen lassen sich Informationen über die regionale und … Internationalisierung. Unternehmen betreiben Forschung und Entwicklung im Ausland überwiegend in technologischen Feldern, wo sie bereits … stark sind und der ausländische Standort über Vorteile verfügt. Die wichtigsten Heimatländer forschender Unternehmen sind …
Persistent link: https://www.econbiz.de/10012604700
This paper focuses on investment in research and development as a factor of labour productivity and economic growth. Our analysis confirms the link between expenditure for research and development (expressed in % of GDP) and labour productivity (expressed in the number of hours worked) based on...
Persistent link: https://www.econbiz.de/10012020507
Persistent link: https://www.econbiz.de/10014482882
Persistent link: https://www.econbiz.de/10014339681
This paper investigates the choice of a licensing mechanism by the holder of a patent whose validity is uncertain. We provide sufficient conditions of a general nature under which the licensor prefers to use a per-unit royalty contract. In particular we show that this is the case for the holders...
Persistent link: https://www.econbiz.de/10011117139
This study provides new identification and estimation results for ascending (traditional English or online) auctions with unobserved auction‐level heterogeneity and an unknown number of bidders. When the seller's reserve price and two order statistics of bids are observed, we derive conditions...
Persistent link: https://www.econbiz.de/10013382031