Using Community Innovation Survey data for Belgium we analyze which firm and industry characteristics are conducive to cooperation with universities. We take into consideration that the decision to cooperate with universities cannot be analyzed in isolation from the overall innovation strategy of the firm. Cooperating with universities is complementary to other innovation activities such as per...

We investigate the impact of information sharing between rivals in a dynamic auction with asymmetric information. Firms bid in sequential auctions to obtain inputs. Their inventory of inputs, determined by the results of past auctions, are privately known state variables that determine bidding incentives. The model is analyzed numerically under different information sharing rules. The analysis ...

Recently a great deal of attention has been focused on difficulties of interpreting the behavior of the monetary aggregates. The period since the mid-1970s has been characterized by unexpected changes in the relationship between traditional measures of the monetary aggregates and economic activity. Accompanying the disruption of established monetary relationships was an intensified effort by th...