Purpose of this article is to introduce the concept of a new cultural institution, "medialab". Media laboratory is an interdisciplinary institution that combines the tasks of scientific, educational, cultural and artistic institutions. They are spaces in which technology and digital media are...

Science-industry collaboration is one of the major channels for transferring new scientific ideas into economic applications. Whereas the factors leading to collaboration are reasonably well understood, the determinants of the outcomes generated by such collaboration are unknown. This paper...

We examine the effect of technology spillovers on the duration of executive compensation contracts. We find that in the presence of greater technology spillovers, firms tend to grant longer duration compensation contracts to their executives. This finding is consistent with theoretical...