Showing 1 - 10 of 44
This work aims at exploring the possibilities offered by agent-base modelling techniques in evaluating the outreaching effects of innovation policy measures. This aim is accomplished by modelling and simulating the organisations’ and systems’ reactions to the introduction of...
Persistent link: https://www.econbiz.de/10011156826
Our purpose in this paper is to provide a different perspective on the by now widely discussed idea of innovation systems. This perspective is designed to cohere with the problems faced by innovation policy makers as they seek to pursue the challenge of creating wealth from knowledge and to...
Persistent link: https://www.econbiz.de/10011156827
Because different people can develop different skills, a knowledge rich society must be an ecology of specialists; knowledge is distributed within each human brain, within each organisation and within the economic and social system; and being distributed it can grow, provided that it is...
Persistent link: https://www.econbiz.de/10011079824
Limited liability has been seen as crucial for the development of capital markets. In this paper I use the CAPM to analyze how a company is priced differently under different liability regimes. I reach the conclusion that as far as the pricing and liquidity of shares is concerned, the positive...
Persistent link: https://www.econbiz.de/10009493814
In this paper I have analysed the development of company law from 1720 through to 1857. During this long period of time, company law assumed the characteristics it has now. At the starting point, company law stood with incorporation granted by the Crown or Parliament on one side and partnership...
Persistent link: https://www.econbiz.de/10009493815
In the last two decades social capital has become one of the most analyzed and cited concepts in the social sciences. On the one hand it is a powerful idea, used to explain a very wide set of socioeconomic phenomena. On the other hand social capital is disputed and ambiguous: there are a number...
Persistent link: https://www.econbiz.de/10009643400
The paper analyzes how (production and financial) inter-firm networks can affect firms' default probabilities and observed default rates: an issue the recent crisis has brought to the front of the debate. A simple theoretical model of shock transfer is built up to investigate some stylized facts...
Persistent link: https://www.econbiz.de/10009643401
Recent developments in the new international trade theory stressed the relationship between firm heterogeneity and internationalization performance. The key prediction of these models is that firms with different levels of productivity - the main source of firm heterogeneity - will generally...
Persistent link: https://www.econbiz.de/10009643402
The paper aims at investigating the role that one country's position in the international trade network has in attracting knowledge and technology flows to it. By referring to "indirect" Research and Development (R&D) spillovers, we argue that not only is this position responsible for the number...
Persistent link: https://www.econbiz.de/10009643403
Transformation has been put in motion by a variety of both endogenous and exogenous forces. Although not any process was under the control of those countries, their choice of goals and instruments was anyway particularly great, at least theoretically. However, transformation was implemented as a...
Persistent link: https://www.econbiz.de/10009643404