Based on new data, this paper studies invention disclosure, licensing, and firm formationactivities of Max Planck Institute directors over the time period 1985-2004, and analyzestheir effects on scientists’ publication and citation records. The results are consistent withprior findings that...

This paper is an empirical test of the hypothesis that the appropriateness of differentbusiness strategies is conditional on the firm’s distance to the industry frontier. We usedata on four 2-digit high-tech manufacturing industries in the US over the period 1972-1999, and apply...

In this paper we present an overview of methods and components of formal economic modelsemploying evolutionary approaches. This compromises two levels: (1) techniques ofevolutionary modelling, including multi-agent modelling, evolutionary algorithms andevolutionary game theory; (2) building...

The issue of technological unemployment receives perennial popular attention. Althoughthere are previous empirical investigations that have focused on the relationship between innovationand employment, the originality of our approach lies in our choice of method. We focus onfour 2-digit...

The Lisbon strategy for growth and jobs seeks to use knowledge and innovation in thecontext of the European Research Area (ERA). To build the ERA the European Union(EU) implements – amongst others - regional innovation policy. Ample scientificpublications have investigated how innovation...

A growing body of work emphasizes the role that the spatial component plays in the in the innovationprocess. These perspectives brought the region’s infrastructure and its endowment withcrucial factors into the focus of research. Given that these factors do significantly influence...

Schumpeter’s and Hayek’s view of market coordination as being not aboutefficiency, but about endogenous change and never-ending discovery has beenincreasingly recognized even by the mainstream of economics. Underlying this view isthe notion of creative learning agents who bring about...