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This paper studies how the imperfect collateral assignments of patents contribute to "deep pockets'' savings of innovative firms facing random investment opportunities in research and development (R&D) and determine the growth of their innovations, using a version of the Kiyotaki and Moore...
Persistent link: https://www.econbiz.de/10009021740
This paper studies how the imperfect collateral assignments of patents contribute to "deep pockets'' savings of innovative firms facing random investment opportunities in research and development (R&D) and determine the growth of their innovations, using a version of the Kiyotaki and Moore...
Persistent link: https://www.econbiz.de/10008794903
Dans le cadre d´un modèle de croissance endogène fondé sur l´innovation, cet article compare deux modes de financement … grande banque fournit l´ensemble des prêts. Il existe deux types de projets d´innovation, un de court terme et un de long … conduit à écarter les projets d´innovation de long terme, même lorsqu´ils sont profitables, pour privilégier les projets de …
Persistent link: https://www.econbiz.de/10010750837