Die Kommission Wettbewerbsrecht 4.0 ist im September 2018 vom Bundesminister für Wirtschaft und Energie eingesetzt und beauftragt worden, Handlungsempfehlungen zur Weiterentwicklung des europäischen Wettbewerbsrechts im Lichte der digitalen Wirtschaft zu erarbeiten. Die neue Datenökonomie,...

We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of established companies. Spillover effects are larger...

In this paper we measure knowledge spillovers arising from venture-capital financed companies on the patenting activities of other companies and compare them to spillovers from established firms. We develop a novel measure to to identify the appropriate spillover pool based on backward citations...

Does the mere presence of big banks affect macroeconomic outcomes? Gabaix (2011) shows that idosyncratic shocks can have aggregate effects if the distribution of firm sizes in manufacturing follows a power law distribution. Our contribution is two-fold. First, we expand the theory of granularity...