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Demography and innovative entrepreneurship

Bönte, Werner; Falck, Oliver; Heblich, Stephan - 2007

Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...

Persistent link: https://www.econbiz.de/10010264224

The extension of clusters: difference-in-differences evidence from the Bavarian state-wide cluster policy

Falck, Oliver; Heblich, Stephan; Kipar, Stefan - 2008

Bavarian State Government. The purpose of the initiative was to create a Bavarian-wide innovation network in support of state … the likelihood of innovation by a firm in the targeted industry by 4 to 7 percentage points. However, this effect is …

Persistent link: https://www.econbiz.de/10010264488

Measuring the Spillovers of Venture Capital

Schnitzer, Monika; Watzinger, Martin - 2017

We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of established companies. Spillover effects are larger...

Persistent link: https://www.econbiz.de/10011744929

ICT, Collaboration, and Science-Based Innovation : Evidence from BITNET

Wernsdorf, Kathrin; Nagler, Markus; Watzinger, Martin - 2021

Does access to information and communication technologies (ICT) increase innovation? We examine this question by …

Persistent link: https://www.econbiz.de/10013315141

The impact of continuous training on a firm's innovations

Bauernschuster, Stefan; Falck, Oliver; Heblich, Stephan - 2008

Keeping up with rapid technological change necessitates constant innovation. Successful innovation depends on both … implement them. Both of these knowledge-based elements of innovation can be attained through moderate labor force turnover in … innovation within a multivariate regression framework. However, when instrumenting training by the existence of a union …

Persistent link: https://www.econbiz.de/10010264329

How Antitrust Enforcement Can Spur Innovation: Bell Labs and the 1956 Consent Decree

Watzinger, Martin; Fackler, Thomas A.; Nagler, Markus; … - 2017

harmful for innovation and if so, whether compulsory licensing can provide an effective remedy. The consent decree settled an … to license all its existing patents royalty-free. The compulsory licensing increased follow-on innovation building on … Bell patents by 17%. This effect is driven mainly by young and small companies. Yet, innovation increased only outside the …

Persistent link: https://www.econbiz.de/10011615906

Subsidizing national champions: an evolutionary perspective

Aubert, Cécile; Falck, Oliver; Heblich, Stephan - 2008

A national-champions-related industrial policy has become (again) en vogue among European politicians. Against this background, our work orders different types of national champions along the industry lifecycle. Different types of locally bound externalities appear along the lifecycle. In a...

Persistent link: https://www.econbiz.de/10010264424

ICT, Collaboration, and Science-Based Innovation: Evidence from BITNET

Wernsdorf, Kathrin; Nagler, Markus; Watzinger, Martin - 2020

Does access to information and communication technologies (ICT) increase innovation? We examine this question by …

Persistent link: https://www.econbiz.de/10012425552