The paper develops an oligopoly model of innovation and applies it to data from the Mannheim Innovation Panel. The model circumvents the need for market share and price elasticity data which typically can only…
In this paper, we analyse the influence of firm characteristics and the regional environment on employment growth of East German manufacturing firms between 1992 and 1996. Our results confirm the negative impact…
A framework which allows for the joint testing ofthe adaptive and rational expectations hypotheses is presented. We assume joint normality of expectations, realizations and variablesin the information set,…