We analyze the link between homeownership and the net wealth distribution using household-level micro data from Germany and the US. We are particularly interested in the effect of the pattern of ownership across cohorts. Given that wealth accumulates over the life-cycle and that owners are...

We study an investment experiment with a representative sample of German households. Respondents invest in a safe asset and a risky asset whose return is tied to the German stock market. Experimental investments correlate with beliefs about stock market returns and exhibit desirable external...

We study an investment experiment with a representative sample of German households. Respondents invest in a safe asset and a risky asset whose return is tied to the German stock market. Experimental investments correlate with beliefs about stock market returns and exhibit desirable external...

In this paper we investigate the factors that lead firms to cooperate withpartners from foreign countries on innovation activities. Portuguese and Germandata from the harmonised Community Innovation Survey (CIS III) allow us tocompare innovation cooperation behaviour of private firms in the two...

In this paper we analyse the effect of R&D co-operation on firms´ innovationperformance. We investigate the effect of past co-operation on current sales ofinnovative products, distinguishing between products new to the firm and new tothe market, and on cost reductions due to innovative...

Multinational corporations (MNC) search increasingly for lead market knowledge andtechnological expertise around the globe. We investigate whether their subsidiaries gainaccess to these valuable sources of host country knowledge to the same degree as domesticrivals. We develop a theoretical...

The topic of the dissertation is the relationship between knowledge spillovers and firms' likelihood to co-operate on R&D and innovation activities. The analysis contains two parts: A review of relevant theoretical and empirical literature and an empirical part that analyses the relationship...