We use network and correspondence analysis to describe the composition of the research networks in the European BRITE--EURAM program. Our main finding is that 27\% of the participants in this program fall into one of two sets of highly ``interconnected'' institutions --one centered around large...

This paper provides some first empirical evidence on the relationship between R&D spillovers and R&D cooperation. The results suggest disentangling different aspects of know-how flows. Firms which rate incoming spillovers more importantly and who can limit outgoing spillovers by a more effective...

This paper argues that a large technological innovation may lead to a merger wave by inducing entrepreneurs to seek funds from technologically knowledgeable firms -experts. When a large technological innovation occurs, the ability of non-experts (banks) to discriminate between good and bad...