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Debt contracts with ex-ante and ex-post asymmetric information: an example
Renou, Ludovic; Carlier, Guillaume - Université Paris-Dauphine (Paris IX) - 2006
We consider a simple model of lending and borrowing combining two informational problems: adverse selection and costly state verification. Our analysis highlights the interaction between these two informational problems. We notably show that the higher the monitoring cost, the less...
Persistent link: https://www.econbiz.de/10010707656
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A Continuous Time Approach for the Asymptotic Value in Two-Person Zero-Sum Repeated Games
Cardaliaguet, Pierre; Laraki, Rida; Sorin, Sylvain - Université Paris-Dauphine (Paris IX) - 2012
We consider the asymptotic value of two person zero sum repeated games with general evaluations of the stream of stage payoffs. We show existence for incomplete information games, splitting games and absorbing games. The technique of proof consists in embedding the discrete repeated game into a...
Persistent link: https://www.econbiz.de/10010708272
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Empirical studies of innovation in the knowledge driven economy
Hall, Bronwyn; Mairesse, Jacques - United Nations University-Maastricht Economic Research … - 2006
innovation and knowledge management and their impact on performance at the firm level for a number of countries. These studies … have been conducted using data drawn from innovation surveys combined with data from a number of other sources. The issue … illustrates the value of these surveys in improving our understanding of innovation in firms and raises a number of questions for …
Persistent link: https://www.econbiz.de/10010856374
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Structural Holes, Innovation and the Distribution of Ideas
Cowan, Robin; Jonard, Nicolas - United Nations University-Maastricht Economic Research … - 2006
We model knowledge diffusion in a population of agents situated on a network, interacting only over direct ties. Some agents are by nature traders, others are by nature "givers": traders demand a quid pro quo for information transfer; givers do not. We are interested in efficiency of diffusion...
Persistent link: https://www.econbiz.de/10010712187
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Policy Challenges for the Next 50 Years
Braconier, Henrik; Nicoletti, Giuseppe; Westmore, Ben - Economics Department, Organisation de Coopération et … - 2014
This paper identifies and analyses some key challenges that OECD and partner economies may face over the coming 50 years if underlying global trends relating to growth, trade, inequality and environmental pressures prevail. For example, global growth is likely to slow and become increasingly...
Persistent link: https://www.econbiz.de/10011276722
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Social Capital, Innovation and Growth: Evidence from Europe
Akcomak, Semih; ter Weel, Bas - United Nations University-Maastricht Economic Research … - 2006
This paper investigates the interplay between social capital, innovation and economic growth in the European Union. We … identify innovation as an important mechanism that transforms social capital into economic growth. In an empirical … investigation of 102 European regions in the period 1990-2002, we show that higher innovation performance is conducive to economic …
Persistent link: https://www.econbiz.de/10010856391
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Legal Institutions, Innovation and Growth
Anderlini, Luca; Felli, Leonardo; Immordino, Giovanni; … - Université Paris-Dauphine (Paris IX) - 2011
We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex …, amount of innovation and output growth at intermediate stages of technological development - periods when legal change is … (greater than rst-best) R&D investment and output growth. …
Persistent link: https://www.econbiz.de/10010706824
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Etat des pratiques sur les plateaux d'innovation ouverte
Maniak, Rémi; Depeyre, Colette - Université Paris-Dauphine (Paris IX)
Persistent link: https://www.econbiz.de/10010707117
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How do social capital and government support affect innovation and growth? Evidence from the EU regional support programmes
Akcomak, Semih; Ter Weel, Bas - United Nations University-Maastricht Economic Research … - 2007
innovation output and economic growth for regions of the European Union from 1990-2002. Using several measures of social capital … and innovation, and the European Union’s Objective 1, 2 and 5b figures for EU regional support, the estimates suggest that …
Persistent link: https://www.econbiz.de/10010712117
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Boosting Productivity in Australia
Koutsogeorgopoulou, Vassiliki; Barbiero, Omar - Economics Department, Organisation de Coopération et … - 2013
rate of vocational students, and enhancing the level of collaboration among the key innovation players are priorities. The … des élèves en filière professionnelle et le renforcement du niveau de collaboration entre les principaux acteurs de l’innovation …
Persistent link: https://www.econbiz.de/10011276866