This paper extends the firm heterogeneity model of Melitz (2003) by introducing a new concept of endegenous investments in process R&D. The novelty is that if a firm invests more R&D its expected innovation return hazard rate stochastically dominates the return of less R&D investments. Due to...

This paper extends the firm heterogeneity model of Melitz (2003) by introducing a new concept of endogenous investments in process R&D. The novelty is that if a firm invests more in R&D its expected innovation return hazard rate stochastically dominates the return of less R&D investments. Due to...

Industrialisierung und De-Industrialisierung? -- TEIL I: Erklärung der Industriellen Entwicklung -- TEIL II: Wertschöpfungsketten und Digitalisierung -- TEIL III: Implikationen für Unternehmen und Staat -- Unternehmensstrategische Herausforderungen. - Wirtschaftspolitische Implikationen.