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The hold-up problem, innovations, and limited liability

Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2012

An inventor can invest research effort to come up with an innovation. Once an innovation is made, a contract is …

Persistent link: https://www.econbiz.de/10011084016

Innovation, Spillovers and Venture Capital Contracts

Dessí, Roberta - C.E.P.R. Discussion Papers - 2012

Innovative start-ups and venture capitalists are highly clustered, benefiting from localized spillovers: Silicon Valley is perhaps the best example. There is also substantial geographical variation in venture capital contracts: California contracts are more 'incomplete'. This paper explores the...

Persistent link: https://www.econbiz.de/10011084393

Offshoring and Product Innovation

Naghavi, Alireza; Ottaviano, Gianmarco - C.E.P.R. Discussion Papers - 2006

We propose an endogenous growth model with offshoring to investigate its effects on product innovation and growth in …

Persistent link: https://www.econbiz.de/10005123630

Contract Enforcement, Comparative Advantage and Long-Run Growth

Ottaviano, Gianmarco - C.E.P.R. Discussion Papers - 2007

-country dynamic Ricardian model with endogenous innovation and hold-up problems, the value chain consists of two activities …, innovation and production. Entry in the market happens through R&D and entrants face two decisions. The 'location decision … perform innovation and production within the same vertically integrated structure or not. In this framework, the quality of …

Persistent link: https://www.econbiz.de/10005498068

Outsourcing, Contracts and Innovation Networks

Naghavi, Alireza; Ottaviano, Gianmarco - C.E.P.R. Discussion Papers - 2006

innovation. In so doing, we model an industry in which R&D is performed by independent research labs and outsourcing production …

Persistent link: https://www.econbiz.de/10005661520

Reciprocity and Payment Schemes: When Equality Is Unfair

Abeler, Johannes; Altmann, Steffen; Kube, Sebastian; … - Institute for the Study of Labor (IZA) - 2006

A growing literature stresses the importance of reciprocity, especially for employment relations. In this paper, we study the interaction of different payment modes with reciprocity. In particular, we analyze how equal wages affect performance and efficiency in an environment characterized by...

Persistent link: https://www.econbiz.de/10005761926

Optimal Incentive Contracts under Inequity Aversion

Englmaier, Florian; Wambach, Achim - Institute for the Study of Labor (IZA) - 2005

We analyze the Moral Hazard problem, assuming that agents are inequity averse. Our results differ from conventional contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters the structure of optimal contracts. Second, there is a...

Persistent link: https://www.econbiz.de/10005566722

Outsourcing, Complementary Innovations and Growth

Naghavi, Alireza; Ottaviano, Gianmarco - C.E.P.R. Discussion Papers - 2006

upstream and downstream parties at the production stage feeds back into innovation and growth. Our dynamic perspective reveals … specialization costs of vertical integration. In so doing, they neglect the effects of their choices on innovation and growth. Hence …

Persistent link: https://www.econbiz.de/10005656287