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Firms' differential innovative success and market dynamics

Cantner, Uwe - 2007

This paper deals with innovative activities of firms, the resulting market success as well as the interdependencies between both. In a first theoretical part, different cases of those interdependencies are investigated by the way of a simple model based on replicator dynamics. It is shown that...

Persistent link: https://www.econbiz.de/10010263832

Growth, development and structural change of innovator networks: the case of Jena

Cantner, Uwe; Graf, Holger - 2007

central to a theory of network evolution. Especially, we focus on the growth of innovator networks and their structural change …

Persistent link: https://www.econbiz.de/10010263834

Your conscience you must keep, or it must be kept for you

Rai, Birendra K. - 2007

Parents in several cultures 'discipline' their daughters to inculcate the supposedly feminine virtues. The measures taken by parents range from the benign to the brutal across societies. The paper formalizes the idea that this process can be understood as an equilibrium outcome of a signaling...

Persistent link: https://www.econbiz.de/10010263838

Generalized contest success functions

Rai, Birendra K.; Sarin, Rajiv - 2007

The key element of models of contest is the Contest Success Function (CSF) which specifies the winning probabilities of agents. The existing axiomatizations of CSFs assume that contestants can make only one type of investment. This paper generalizes these axiomatizations to the case where each...

Persistent link: https://www.econbiz.de/10010263839

Creating strategic advantage through entrepreneurial governance in new ventures

Audretsch, David B.; Lehmann, Erik E.; Plummer, Lawrence A. - 2007

agency theory, assigning managers stock options aligns their interests with the interests of the owners of the firm. This … managerial incentives with the owners' goals, as agency theory predicts, it also grants top managers residual control rights to … subsequent competitive advantage. This theory of entrepreneurial governance is tested using patent ownership as a proxy for both …

Persistent link: https://www.econbiz.de/10010263845

Do public banks have a competitive advantage?

Matthey, Astrid - 2007

Private banks often blame state guarantees to distort competition by giving public banks the advantage of lower funding costs. In this paper I show that if borrowers perceive the public bank as supporting economic development, private banks may be able to separate firms by self selection, enter...

Persistent link: https://www.econbiz.de/10010263847

Exploration and exploitation: the role of entrepreneurship and R&D in the process of innovation

Keilbach, Max; Sanders, Mark - 2007

We formulate a model that explicitly separates two functions in the innovation process: The introduction of new goods and the quality improvement of existing goods. While the latter is performed by the corporate R&D sector, the first is performed by entrepreneurs. We show that in a three sector...

Persistent link: https://www.econbiz.de/10010263851

Strategic trade policy as response to climate change?

Freytag, Andreas; Wangler, Leo - 2008

This paper discusses the political economy of the climate change debate. The objective is to come to a better understanding of why at international levels (e. g. the G-8 summit in Heiligendamm) climate change was one of the main topics at the agenda, despite the fact that climate change cannot...

Persistent link: https://www.econbiz.de/10010263856

Causes, consequences, and cures of myopic loss aversion: an experimental investigation

Fellner, Gerlinde; Sutter, Matthias - 2008

We examine in an experiment the causes, consequences and possible cures of myopic loss aversion (MLA) for investment behaviour under risk. We find that both, investment horizons and feedback frequency contribute almost equally to the effects of MLA. Longer investment horizons and less frequent...

Persistent link: https://www.econbiz.de/10010263857

Yesterday's expectation of tomorrow determines what you do today: the role of reference-dependent utility from expectations

Matthey, Astrid - 2008

The paper introduces the concept of adjustment utility, that is, referencedependent utility from expectations. It offers an explanation for observed preferences that cannot be explained with existing models, and yields new predictions for individual decision making. The model gives a simple...

Persistent link: https://www.econbiz.de/10010263858