Economic Resilience: Spillovers, Courts, and Vertical Integration

The Economic Integration of Immigrants and Regional Resilience

Institutional Spillovers and Economic Growth

Institutional Uncertainty, Economic Integration, and Vertical Foreign Direct Investment Decisions

In this paper we analyse the impact of institutional uncertainty on vertical foreign direct investment (FDI) strategies. We also consider the impact of economic integration upon FDI decisions. The paper follows the real options approach, which allows investigating the value to a firm of waiting to invest and/or disinvest, when payoffs are stochastic due to institutional uncertainty and investme...

Strategic investments with spillovers, vertical integration and foreclosure in the broadband access market

We analyse competition between two retailers of broadband access when they differ in their ability to offer value-added services. One retailer is vertically integrated and controls the input-market for local access. This firm invests to increase the input quality (upgrading to broadband) before an access price regulation is set. We first show that access price regulation may lower consumer surp...

Networks, Spillovers and Models of Economic Growth

In this paper we investigate the innovativeness of a network of firms, each of which can experience innovation spillovers (i.e. technological externalities) from its neighbours. A cellular automata framework is used to provide a new theoretical method for analysing such networks. Considering network spillovers produces a nonlinear relationship between the strength of spillovers and overall inno...