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Innovation, Competition and Welfare-Enhancing Monopoly
Darby, Michael R. - 2011
required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary … investment. We distinguish free generic technology from proprietary technologies resulting from risky investment with uncertain … outcome. The totality of possible outcomes drives the national innovation system and the returns to a particular successful …
Persistent link: https://www.econbiz.de/10012757081
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Measuring the Returns to R&D
Hall, Bronwyn H. - 2014
We review the econometric literature on measuring the returns to R&D. The theoretical frameworks that have been used are outlined, followed by an extensive discussion of measurement and econometric issues that arise when estimating the models. We then provide a series of tables summarizing the...
Persistent link: https://www.econbiz.de/10013070423
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Innovation, Reallocation and Growth
Acemoglu, Daron - 2014
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10013064072
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The Role of Information in Competitive Experimentation
Akcigit, Ufuk - 2014
lead to the innovation sought, others result in dead ends. Because firms benefit from their competitors working in the …
Persistent link: https://www.econbiz.de/10013067107
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The general structure of optimal investment and consumption with small transaction costs
Kallsen, Jan; Muhle-Karbe, Johannes - In: Mathematical finance : an international journal of … 27 (2017) 3, pp. 659-703
Persistent link: https://www.econbiz.de/10011764966
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Security Analysis : An Investment Perspective
Hou, Kewei - 2020
The investment theory, in which the expected return varies cross-sectionally with investment, expected profitability …
Persistent link: https://www.econbiz.de/10012823391
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Investment timing with information-processing constraints
Mu, Congming; Yang, Jinqiang; Zhang, Yuhua - In: Finance research letters 32 (2020), pp. 1-6
Persistent link: https://www.econbiz.de/10012430730
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Consumption and Portfolio Choice with Option-Implied State Prices
Ait-Sahalia, Yacine - 2008
We propose an empirical implementation of the consumption-investment problem using the martingale representation … simplifies the investor's task of specifying the investment opportunity set and inherits the computational convenience of the …
Persistent link: https://www.econbiz.de/10012772381
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Optimal investment and financing with a bank-tax-interaction
Chen, Biao; Yang, Jinqiang - In: Finance research letters 35 (2020), pp. 1-8
Persistent link: https://www.econbiz.de/10012438331
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Transparency of Information and Coordination in Economies with Investment Complementarities
Angeletos, George-Marios - 2011
How do public and private information affect equilibrium allocations and social welfare in economies with investment …
Persistent link: https://www.econbiz.de/10013124660