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Patterns of Technological Progress and Corporate Innovation

Waśniewski, Krzysztof - 2013

The bulk of the global innovative effort takes place in 5 countries: USA, Japan and China as leaders, with France and United Kingdom as immediate followers, which all display, on the long run, a negative marginal value added on innovation. The present paper attempts to answer the following...

Persistent link: https://www.econbiz.de/10013094870

Credible Delegation

Corts, Kenneth S.; Neher, Darwin Victor - 2006

We show that the vertical delegation of decision-making authority to agent firms can act as a credible strategic commitment even when contracts are unobservable (or renegotiable) if and only if multilateral delegation is combined with decentralized ownership of the agent firms. In this case, the...

Persistent link: https://www.econbiz.de/10014027325

Venture Capitalists, Asymmetric Information and Ownership in the Innovation Process

Fabrizi, Simona; Lippert, Steffen; Norbäck, Pehr-Johan; … - 2014

This paper constructs a model where entrepreneurial innovations are sold into oligopolistic industries and where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We first show that aggressive development of a basic innovation by better informed...

Persistent link: https://www.econbiz.de/10014048096

Foreign Direct Investment With Host Country Market Structures and Policy Implications

Nakamura, Masao - 2018

In this paper, we consider models that describe foreign firms' and host countries' decisions on foreign direct investment (FDI) when host country product markets are characterized by certain types of market structures. We show that, under certain conditions, the host country and foreign parent...

Persistent link: https://www.econbiz.de/10012926115

Efficient inequity-averse teams

Li, Jianpei - 2007

This paper analyzes the efficiency of team production when agents exhibit other regarding preferences. It is shown that full efficiency can be sustained as an equilibrium through a budget-balancing mechanism that punishes some randomly chosen agents if output falls short of efficient level but...

Persistent link: https://www.econbiz.de/10010343934

Venture capitalists, asymmetric information and ownership in the innovation process

Fabrizi, Simona (contributor) - 2008

In this paper we construct a model in which entrepreneurial innovations are sold into oligopolistic industries and where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We show that as exacerbated development by better-informed venture-backed...

Persistent link: https://www.econbiz.de/10003774795

Behavior in Group Contests : A Review of Experimental Research

Sheremeta, Roman M. - 2015

incentive to abstain from expending any effort and instead free-ride on the efforts of other members. Contest theory shows that … relative to the theory. We discuss potential explanations for such over-expenditure, including the utility of winning, bounded … support for the comparative statics predictions of the theory (with the exception of the “group size paradox”). Finally …

Persistent link: https://www.econbiz.de/10013013877

Venture Capitalists, Asymmetric Information, and Ownership in the Innovation Process

Fabrizi, Simona - 2009

Persistent link: https://www.econbiz.de/10012719493

The Value of a New Idea : Knowledge Transmission, Workers' Mobility and Market Structure

Marini, Marco A. - 2011

We model the process of knowledge transmission among firms via workers' mobility as a multi-stage game. In our setup an idea to be realized needs that the agent informed about the idea recruits another agent from a pool of uninformed people. This constraint generates a recursive effect of...

Persistent link: https://www.econbiz.de/10012756582

Efficient Tournaments within Teams

Gershkov, Alex - 2009

We analyse incentive problems in team and partnership structures where the only available information to condition a contract on is some noisy ranking of the partners' efforts. This enables us to ensure both first best efficient effort levels for all partners and the redistribution of output...

Persistent link: https://www.econbiz.de/10012720673