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We study the effects of employment protection taking into account that firms can invest in R&D or buy new technologies in order to restore their productivity. To do so we develop an equilibrium matching model with an imperfect labor and innovation market. If employment protection is introduced,...
Persistent link: https://www.econbiz.de/10010496891
We study the effects of employment protection taking into account that firms can invest in R&D or buy new technologies in order to restore their productivity. To do so we develop an equilibrium matching model with an imperfect labor and innovation market. If employment protection is introduced,...
Persistent link: https://www.econbiz.de/10013024495
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Persistent link: https://www.econbiz.de/10001511425
, user innovation often fails to diffuse. In this study, we take the perspective of vocational and retirement studies to … of unemployment after retirement. Based on the survey data in Japanese household sector, we found that the innovation … innovation. We conclude that the vocational and retirement approach helps to better understand the diffusion of user innovations …
Persistent link: https://www.econbiz.de/10014077523
Optimally reallocating human capital to tasks is key for an organization to successfully navigate a transition. We study how to design employment contracts to allocate employees to different valuable projects within an organization given two simultaneous challenges: The employees have private...
Persistent link: https://www.econbiz.de/10011980048
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We consider the provision of venture capital in a dynamic agency model. In particular, we focus on the interaction between venture capital financing and product market competition: A young firm with a risky innovation project attempts to enter a market where it faces two periods of price...
Persistent link: https://www.econbiz.de/10010305064
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