This article analyses the Maritime Sector economic grow impact to Lithuania’s economy from a Cluster perspective. The potential competitive industry in Lithuania is on interest because Lithuanian expanding its connections whole European region, going beyond boundaries of anyone sector, supported by EU Strategic documents, but steps towards clustering still are tentative and negligible. Assessin...

This paper analyses the impact of technological diversity on innovative activity at the firm level. The empirical study on a panel of European R&D active companies shows that both R&D intensity and patents increase with the degree of technological diversification of the firm. Possible explanations are that, on the one hand, a firm that diversifies its technology can receive more spillovers from...

Both climate change and technical change are uncertain. In this paper we combine economics and decision analysis to incorporate the uncertainty of technical change into climate change policy analysis. We present the results of an expert elicitation on the prospects for technological change in advanced solar photovoltaics. We then use the results of the expert elicitations as inputs to the MiniC...

Auctions with Private Entry Costs We study auctions where bidders have private information about their entry costs and the seller does not benefit from these entry costs. We consider a symmetric environment where all bidders have the same value for the object being sold, and also an asymmetric environment where bidders may have different valuations for the object. In these environments, the sel...

We address one aspect of the treatment of technical change in the environmental economics literature: how technical change impacts the marginal cost of abatement. We review a selection of papers that employ a variety of representations of technical change, and show that these representations have quite different, and sometimes surprising, effects on the marginal costs of pollution reductions. W...

Global climate change presents a classic problem of decision making under uncertainty with learning. We provide stochastic dominance theorems that provide new insights into when abatement and investment into low carbon technology should increase in risk. We show that R&D into low-carbon technologies and near-term abatement are in some sense opposites in terms of risk. Abatement provides insuran...

In this paper, we study the strategic R&D collaboration by introducing a virtual player to reveal cooperative incentives and keeping investment share and market share independent of each other. We show that high R&D input share must be reflected by high market share, and R&D investment increases with the success probability. Not consistently with the prevailing viewpoint, we also find firms’ R&...

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 investigates the types of factors which can lead to government acquisition, or the ‘‘spin-in’’ of bio-defense technologies from small bio-technology firms. Empirical findings suggest that for small biotechnology R&D firms desiring to increase ‘‘spin-in’’ technology transfer, there appears to be two distinct and important influence groups—the scientific community within federal agenci...

Global climate change presents a classic problem of decision making under uncertainty with learning. We provide stochastic dominance theorems that provide new insights into when abatement and investment into low carbon technology should increase in risk. We show that R&D into low-carbon technologies and near-term abatement are in some sense opposites in terms of risk. Abatement provides insuran...