It is known that small firms rely mainly on the CEO's individual knowledge for developing innovations (Burton, 2001; Cook, 1999). Recent work suggests that this approach underutilizes other employees’ knowledge…

The study of the innovative output of firms often relies on a count of patents filed at one single patent office, although companies have the option to file patents at multiple offices such as their national…

Final Report for Deutsche Bank AG, Frankfurt/Main

The aim of this study is to assess the contributions of investment banking to the economy with a particular focus on the German economy. To this end we analyse…

How does social interaction influence an academic's decision to become entrepreneurial and to collaborate with industry? Does the academic's age attenuate or amplify its effects? Since links between science and…

Patenting is widely acknowledged as a major tool to reward innovative firms for their efforts in research and development (R&D). However, many firms decide to keep their inventions secret. Understanding a patent…

This paper focuses on the design of emissions trading schemes in practice. After a short introduction to the general idea of emissions trading, practical requirements for the introduction of an emissions trading…

There are different reasons, why countries trade. The most important one, economists typically refer to, is that trade is a source of wealth. There is, however, a further reason, which usually is not mentioned…

Many of today’s challenges require regulative interventions by policymakers. From an economic perspective, effectiveness, cost-efficiency and distribution issues are crucial for any form of future regulation.…