We prove the existence of a representative agent in an economy populated with investors who keep up with the Joneses and have heterogeneous portfolio endowments. This result is independent of the endowment distribution and robust to a more general definition of the Joneses. The implications for...

(WP 02/04 Clave pdf) The results of our model show that it would be advisable to undertake policies expressly aimed at the process of sustainable technological change in a way that is complementary to the conventional equilibrium oriented environmental policies. In short, the main objectives of...

Network research has been criticized for neglecting causes of network structure in favor of its effects. The ongoing discussion regarding the performance effects of structural holes vs. closure is a lively example of this behavior. Furthermore, recently there has been a call for moving away from...

The term Open Innovation has become popular in recent years to describe an approach to innovation that decidedly goes beyond the boundaries of a single organization by encouraging firms to pull together knowledge and creativity from a wide variety of parties. As such, Open Innovation evokes an...

Per institutional sociology hospitals will respond to external environmental pressures and adopt Activity-Based-Costing (ABC). This theory overemphasizes conformity and failures to consider the advantages of organizational non-conformance. A conflict of interests between physicians and...

This paper addresses system transition as a valuable perspective and develops and applies a framework for analysing energy system research and governance. This paper is based on an extensive literature review, expert consultations and empirically based-theory building. The developed framework is...

This paper estimates the average effect of regulatory intensity and administrative redtape on productivity and innovation. For this purpose we exploit the exogenous variation of the decentralization process that has taken place in Spain during the last three decades. Using objective proxies for...

Abstract: We study the effect of product market competition on the incentives to engage in earnings manipulation and we find that they crucially depend on the level of visibility of firm real activity in the marketplace. If investors can perfectly observe real firm output and sales, then CEOs...

Se describe un proyecto de logística financiado por el gobierno español con el objetivo de proponer medios para la mejora de la logística de la competitividad. Una parte clave del proyecto era evaluar el estado actual de la logística y las prácticas de la cadena de suministro en el país, y...

In recent years, the development of the idea of “Open Innovationâ€(Chesbrough, 2004; 2006) lead to the emergence of “Innovation brokers†who connect those seeking for solutions with a rather large number of potential knowledge suppliers. In this paper we analyze the implication...