today, the focus of coherent regional and transregional markets is an increasing tendency for the exchange of goods and services that are based on modern scientific technology. thus, the use and application of knowledge and standards harmonization of domestic products with favorable global production should be considered as a priority and requirements among the economic policies of export devel...

This paper considers the effect of different firm leadership on the innovative performance of firms from seven EU countries. We investigate whether owner-led or manager-led firms achieve a larger share of their turnover with product innovations. Economic theory does not propose clear results on that question. In the empirical analysis it turns out that the manager-led firms are more active inno...

This study evaluates the impact of high-skilled immigrants on US technology formation. Speci…cally, we use reduced-form speci…cations that exploit large changes in the H-1B visa program. Fluctuations in H-1B admissions levels signi…cantly in‡uence the rate of Indian and Chinese patenting in cities and …rms dependent upon the program relative to their peers. Most speci…cations …nd weak crowding-...

This paper focuses on the questions to what extent agglomeration effects and localized inter-organizational linkages influence different types of innovative performance of firms. Doing so adds to the relatively scarce firm-level literature regarding the role of regional environment for the innovative performance of firms by disentangling the often conflated effects of agglomeration effects and ...

The paper characterizes the mixed-strategy equilibria in all-pay auctions with endogenous prizes that depend positively on own effort and negatively on the effort of competitors. Such auctions arise naturally in the context of investment games, lobbying games, and promotion tournaments. We also provide an experimental analysis of a special case which captures the strategic situation of a two-st...

This paper revisits the important ideas proposed by Atkinson and Stiglitz’s seminal 1969 paper on technological change. After linking these ideas to the induced innovation literature of the 1960s and the more recent directed technological change literature, it explains how these three complementary but different approaches are useful in the study of a range of current research areas– though the...

This paper deals with a general version of a two-stage model of R&D and product market competition. We provide a thorough generalization of previous results on the comparative performance of noncooperative and cooperative R&D, dispensing in particular with ex-post firm symmetry and linear demand assumptions. We also characterize the structure of profit-maximizing R&D cartels where firms competi...

We analyze recent contributions to growth theory based on the model of expanding variety of Romer (1990). In the first part, we present different versions of the benchmark linear model with imperfect competition. These include the “labequipment” model, “labor-for-intermediates” and “directed technical change”. We review applications of the expanding variety framework to the analysis of internat...

We relate innovation to sales growth for incumbent firms in four high-tech sectors. A firm, on average, experiences only modest growth and may grow for a number of reasons that may or may not be related to ‘innovativeness’. However, given that firms are heterogeneous and that growth rates distributions are heavy-tailed, it may be misleading to use regression techniques that focus on the ‘averag...

One of the most controversial questions in current competition policy is when, if ever, should competition law require a …rm with market power to share its property, notably intellectual property, with its rivals? And if supply is required, on what terms? These questions are discussed with reference to recent law cases including the EC Microsoft judgment of 2007 and the US linkLine case of 2009...