We provide new insights into the role of individual inventors in innovation. We focus our analysis on prolific … inventors in China, Japan, Korea and Taiwan. We analyse patents issued by the U.S. Patent and Trademark Office to thousands of …

This paper investigates the choice of an intellectual protection regime for a process innovation. We set up a multi …-stage model in which choosing between patent and trade secrecy is affected by three parameters : the patent strength defined as … the probability that the right is upheld by the court, the cost of imitating a patented innovation relative to the cost of …

run contemporaneous elasticities of investment with respect to interest rate through the user cost and through debt …

adjustment costs on investment. …

Complicated neoclassical models predict that if investment is sensitive to current financial performance, this is a … sign that something is "wrong" and is to be regarded as a problem for policy. Evolutionary theory, on the other hand …, refers to the principle of "growth of the fitter" to explain investment-cash flow sensitivities as the workings of a healthy …

This paper presents a comparable set of results on the monetary transmission channels on firm investment (the interest … those countries,investment relationships are estimated explaining investment by its user cost, sales and cash flow.A first … result is that investment is sensitive to user cost changes in all those four countries. Thisimplies an operative interest …

In this paper we present comparable results on the determinants of firms' investment and their link to monetary policy …

This paper provides the explicit expression of investment facing a binding debt ceiling and the explicit expression of … of the parameterizations of these Lagrange multipliers used in Euler investment equations tests during the 1990's. …

This paper surveys issues with respect to the structural modelling of econometric tests of investment facing financial … is to provide conditions which support the interpretation of the sensitivity of investment to liquidity variables such as … cash flow as a measure of financial constraints. The structural modelling of investment facing financial constraints is …

on cash flow on investment from 1990 to 1999. We compare several specifications of neo-classical demand for capital …