To make predictions with theories, usually we assume an individual's characteristics such as uncertainty preferences to be stable over time. In this paper, we analyze the stability of ambiguity preferences…
The European Commission has launched a study on the production and trade in KETs-based products. This report is the final background report that constitutes the basis for the chapter on Key Enabling Technologies…
Endogeneity in network formation hinders the identification of the role that social networks play in generating spillovers, peer effects and other externalities. This paper tackles this problem and investigates…
While a widespread consensus exists among macroeconomists that the German labour market reforms in 2003-2005 have successfully contributed to the decline of the unemployment rate, critics claim that the reforms…
The effectiveness of patents to stimulate R&D is often limited. If innovation is sequential and complementary, patent protection may even stifle technical advance (Bessen and Maskin, 2006). The surge of…
For innovative start-ups, an effective patent system is a crucial factor for success and survival. The importance of patents for start-ups is based on two features. First, patents grant temporary monopoly rights…
Private equity (PE) firms have long time emphasized their role as investors who create value in their portfolio companies. In this paper we analyze a key strategy of PE investors, the so-called buy-and-build…
Contributions to Edited Volumes and Conference Proceedings
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2013
