Showing 1 - 5 of 5
We develop a model of two-stage cumulative research and development (R&D), in which one Research Unit (RU) with an innovative idea bargains to license her non-verifiable interim knowledge exclusively to one of two competing Development Units (DUs) via one of two alternative modes: an open sale...
Persistent link: https://www.econbiz.de/10005124391
Unprecendented growth of barter is a striking phenomenon of Russia's transition. The explanations of barter include tight monetary policy, tax evasion and poor financial intermediation. We show that the market power may also be important. We build a model of imperfect competition in which firms...
Persistent link: https://www.econbiz.de/10005504640
The Paper studies determinants of internal migration in Russia. Using panel data on gross region-to-region migration flows in 1992-99, we estimate the effect of economic, political and social factors. Although overall migration is rather low, it turns out that its intensity does depend on...
Persistent link: https://www.econbiz.de/10005067381
This Paper develops a framework for testing discrete complementarities in innovation policy using European data on … obstacles to innovation. We propose a discrete test of supermodularity in innovation policy leading to a number of inequality … constraints. We apply our test to two types of innovation decisions: to innovate or not, and if so, by how much. We find that …
Persistent link: https://www.econbiz.de/10005661425
downstream development unit, a buyer of the interim innovation, arise from its ability to prevent the upstream research unit from … the value of her innovation is low. By constraining the financial flexibility of the upstream unit vis-a-vis her choice …
Persistent link: https://www.econbiz.de/10005788940