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Innovation plays a central role in economic development, at the regional and national level. In the competitive … innovation and the strategic objectives that have been set, firms will regularly have to modify the way in which their R&D and … innovation are organized. Nowadays, shift from serial to simultaneous and parallel working in innovation has become more …
Persistent link: https://www.econbiz.de/10010898953
Carbon dioxide emissions may cause global warming. But own emissions have negligible effects for a small nation, which may thus regard carbon taxes as distortionary. Such taxes may have other effects, however. When research and development (R&D) has positive external effects, carbon taxes may...
Persistent link: https://www.econbiz.de/10005504735
This paper studies how the imperfect collateral assignments of patents contribute to "deep pockets'' savings of innovative firms facing random investment opportunities in research and development (R&D) and determine the growth of their innovations, using a version of the Kiyotaki and Moore...
Persistent link: https://www.econbiz.de/10009021740
This paper studies how the imperfect collateral assignments of patents contribute to "deep pockets'' savings of innovative firms facing random investment opportunities in research and development (R&D) and determine the growth of their innovations, using a version of the Kiyotaki and Moore...
Persistent link: https://www.econbiz.de/10008794903
We examine optimal industrial and trade policies in a series of dynamic oligopoly games in which a home and a foreign firm compete in R&D and output. Alternative assumptions about the timing of moves and the ability of agents to commit intertemporally are considered. We show that the home export...
Persistent link: https://www.econbiz.de/10005666646
Over recent years `opportunity cost' (OC) models of growth have been constructed which suggest that firms take advantage of the possibility of intertemporal subsitution in order to engage in productivity-improving activities during recessions. This paper tests whether this argument is correct,...
Persistent link: https://www.econbiz.de/10005666892