This paper addresses the key determinants of merger failure, in particular the role of innovation (post-merger performance) and technology (ex-ante selection) when firms decide to separate. After a brief review of the existing literature we introduce a model of process innovation where merged...

The digital transformation imposes both opportunities and risks for creativity and for creative employment, with implications for trends in income levels and the distribution of income. First, we consider skill-biased technological change as a determinant of income and labor market outcomes in...

SFB 649 Discussion Paper 2008-029 Genetic Codes of Mergers, Post Merger Technology Evolution and Why Mergers Fail Alexander Cuntz* * Technische Universität Berlin, Germany This research was supported by the Deutsche Forschungsgemeinschaft through the SFB...

Feed-in tariffs under the Renewable Energy Sources Act, the so-called Erneuerbare-Energien-Gesetz (EEG), have triggered a massive expansion of electricity from renewable energy sources in Germany over the last decade. The increase in non-competitive renewable power generation though went hand in...

Die Bundesregierung hat im Jahr 2002 beschlossen, das Hochschullehrerprivileg abzuschaffen. Dieses gestattete es den Hochschulbeschäftigten, Erfindungen, die sie im Rahmen ihres Beschäftigungsverhaltnisses gemacht hatten, als freie Erfindungen selbst zu verwerten bzw. zu patentieren. Seit der...

The digital transformation imposes both opportunities and risks for creativity and for creative employment, with implications for trends in income levels and the distribution of income. First, we consider skill-biased technological change as a determinant of income and labor market outcomes in...

The economic consequences of migration are hotly debated and a main topic of recent populist movements across Europe. We analyze Polish immigration in the context of the 2004 enlargement of the European Union and find a positive and significant spillover effect of the immigrants on the number of...