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This paper presents a numerical method for the characterization of Markov-perfect equilibria of symmetric differential games exhibiting coexisting stable steady-states. The method relying on the calculation of 'local value functions' through collocation in overlapping parts of the state space,...
Persistent link: https://www.econbiz.de/10012997092
Many businesses today recognize the increased significance of service and the transition toward service orientation. Nonetheless, organizational practitioners frequently encounter problems managing this shift and seizing service-related business opportunities. This practical relevance, together...
Persistent link: https://www.econbiz.de/10012997238
the innovation activity of the firms in the analysed countries, conditional on the fact that they consider the corruption … that there is a link between innovation activity of the firms, perceptions of corruption and the evaluation of innovation … on this analysis we cannot argue that innovation activity would be higher if corruption perceptions were lower in the …
Persistent link: https://www.econbiz.de/10012997811
This article investigates how a firm's financial strength affects its dynamic decision to invest in R&D. We estimate a dynamic model of R&D choice using data for German firms in high-tech manufacturing industries. The model incorporates a measure of the firm's financial strength, derived from...
Persistent link: https://www.econbiz.de/10012997893
greater survival is achieved when startups engage successfully in both product innovation and process innovation, with a key …
Persistent link: https://www.econbiz.de/10012999005
instrumental variable analysis, and by showing that innovation increases significantly after new public debt offerings and seasoned …
Persistent link: https://www.econbiz.de/10013045807
Current complex dynamic markets are characterized by numerous brands, each with multiple products and price points, and differentiated on a variety of product attributes plus a large number of new product introductions. This study seeks to analyze dynamic pricing paths in a highly complex...
Persistent link: https://www.econbiz.de/10013046331
While copyright research in the decade following Napster focused mostly on whether file sharing undermines demand, research has more recently asked how piracy and other aspects of digitization affect the supply of new products. Although revenue has declined sharply, evidence that weakened...
Persistent link: https://www.econbiz.de/10013049322
initiatives, such as the Australian Innovation Investment Fund. Consequently, the proper design of the investment processes of GVC …
Persistent link: https://www.econbiz.de/10013050269
We explore the impact of informal institutions on technological change in transition, comparing the 89 regions of the Russian Federation. We use panel data during the period of recovery and growth, 1998-2004. The one-country framework provides a constant background — unlike, for example, in...
Persistent link: https://www.econbiz.de/10013075251