Showing 1 - 10 of 49
appropriability from survey data on Belgian manufacturing firms. Incoming spillovers measure the importance of publicly available … information for the innovation process of the firm. Appropriability is defined as the effectiveness of several protection … affected by the level of incoming spillovers, while appropriability plays an important role for cooperating with suppliers or …
Persistent link: https://www.econbiz.de/10005662294
The incremental innovations that underlie much of modern economic growth typically involve changes to one or more components of a complex product. This creates a tension. On the one hand, a principal would like an agent to contribute innovative components. On the other hand, ironing out...
Persistent link: https://www.econbiz.de/10005124075
We propose a general theory that explains the extent of the state and accounts for related institutions as byproducts of the state's extractive technology. We posit further that this extractive technology is determined by the transparency of the production technology. This theory is applied to...
Persistent link: https://www.econbiz.de/10009283392
claimed that the "propensity-to-patent" should be split into an "appropriability propensity" and a "strategic propensity". The …
Persistent link: https://www.econbiz.de/10008784701
This paper uses the common agency approach to analyse the joint determination of product and labour market distortions in a small (developing) open economy. Capital owners and union members lobby the government on both tariffs and minimum wages, while other factors of production are not...
Persistent link: https://www.econbiz.de/10005504496
We re-address the tradeoff between centralized and decentralized decision making of local policies when policymakers are subject to capture by special interest groups. In particular, we consider the case where lobbies have private information about their ability to exert influence. We find a new...
Persistent link: https://www.econbiz.de/10011083471
private firm. We solve analytically for the Kantian equilibrium of this lobbying game together with the majority voting … more concentrated among the top productivity individuals, their increased lobbying effort generates efficiency as well as …
Persistent link: https://www.econbiz.de/10011083884
An extensive literature has studied lobbying by special interest groups. We analyze a novel lobbying channel: lobbying … politically motivated spenders of similar magnitude, stressing the economic importance of this lobbying channel. These findings …
Persistent link: https://www.econbiz.de/10011084332
In this Paper we extend the cheap talk model of Crawford and Sobel (1982) to a multidimensional state space and policy space. We provide a characterization of equilibria. We focus on the question of feasibility of information transmission, for large degrees of conflict of interests between the...
Persistent link: https://www.econbiz.de/10005067454
We develop a model in which two firms that have proposed to merge are privately informed about merger-specific efficiencies. This enables the firms to influence the merger control procedure by strategically revealing their information to an antitrust authority. Although the information improves...
Persistent link: https://www.econbiz.de/10005067524