Publications of the Research Unit Economics of Innovation and Industrial Dynamics

  1. Refereed Journal // forthcoming

    Acquisition Experience and the Winner’s Curse in Corporate Acquisitions

    The winner’s curse describes the behavioural phenomenon that the winner of a bidding contest pays a price that is too high. This paper shows that experiential learning cannot prevent a winner’s curse on the…

  2. Refereed Journal // forthcoming

    R&D grants and R&D tax credits to foreign-owned subsidiaries: Does supporting Multinational Enterprises' R&D pay off in terms of firm performance improvements for the host economy?

    The subsidiaries of foreign-owned multinational firms make significant contributions to national Research and Development (R&D) in many host countries. Policymakers in host countries often support subsidiaries’…

  3. ZEW Discussion Paper No. 24-020 // 2024

    Consumers’ Response to Price Increases: Evidence From Gasoline Markets

    Understanding how consumers respond to price increases is key when designing price-related policies. Using microdata on vehicle usage and paid fuel prices, I analyze consumers’ response, focusing on three…

  4. ZEW Discussion Paper No. 24-018 // 2024

    Adoption and Diffusion of Blockchain Technology

    A widespread approach to measuring the innovative capacity of companies, sectors, and regions is the analysis of patents and trademarks or the use of surveys. In emerging digital technologies this approach may,…

  5. ZEW Discussion Paper No. 24-016 // 2024

    The Anatomy of Chinese Innovation: Insights on Patent Quality and Ownership

    We study the evolution of patenting in China from 1985-2019. We use a Large Language Model to measure patent importance based on patent abstracts and classify patent ownership using a comprehensive business…

  6. ZEW Discussion Paper No. 24-013 // 2024

    Evidence on the Adoption of Artificial Intelligence: The Role of Skills Shortage

    Artificial Intelligence (AI) is considered to be the next general-purpose technology, with the potential of performing tasks commonly requiring human capabilities. While it is commonly feared that AI replaces…

  7. ZEW Discussion Paper No. 24-012 // 2024

    Regulatory Compliance With Limited Enforceability: Evidence From Privacy Policies

    The EU General Data Protection Regulation (GDPR) of 2018 introduced stringent transparency rules compelling firms to disclose, in accessible language, details of their data collection, processing, and use. The…

  8. ZEW Discussion Paper No. 24-010 // 2024

    Information Accessibility and Knowledge Creation: The Impact of Google’s Withdrawal From China on Scientific Research

    How important is Google for scientific research? This paper exploits the exogenous shock represented by Google’s sudden withdrawal of its services from mainland China to assess the importance of access to…