This paper studies how the interplay between the cycle and firm-specific characteristics (firm size and exporting activities) shapes firms' choice between exploratory and exploitative innovation investments. We analyze the PITEC database, a panel of Spanish firms in manufacturing and service...

Whereas labor markets are traditionally viewed as machine-like environments - where agents, coordinated by price signals, solve constrained optimization problems or adhere to established heuristics - this paper views labor markets as human ecosystems, containing living things, namely, the human...