Our study explores how emerging country firms can utilize cooperative agreements with advanced country firms to adjust to the new environment, and uncovers the conditions under which cooperation becomes preferable to competitive rivalry for both parties
Using ten years of data on infringement lawsuits, the study reveals how firms that operate in distinctly different product markets attack each other in overlapping factor markets.
We analyze a sequential innovation model and show that narrow patent rights can facilitate a market in which startups’ patents are traded as negotiating assets.
The Bayh Dole Act has opened the way to the entrepreneurial university. However, considering that entrepreneurial universities are still concentrated around the US and Western Europe, this paper offers qualitative evidence as to transaction costs that may limit the global appeal of such institutions
We argue that the patent term change introduced in TRIPS in the US inadvertently offered a metric of self-valuation of patents.
Focusing on the dominant role of Germany as the leading economy in the EMU, we test the progress of markets integration between Germany and selected EMU countries. For comparison reasons, we examine the same research question between Germany and selected non-EMU countries.
This article examines 10-year bond yields convergence between each of the new EU countries and Germany, including a structural break that embodies the effects of the current debt crisis in the Eurozone. The analysis is based on a new definition of bond yields convergence that can be interpreted either as strong or weak monetary policy convergence, depending on whether the conditions of UIP and ex-ante PPP hold or are violated, respectively.
This paper analyzed cooperative games with externalities. The novelty of the paper is that it allowed each coalition to have probabilistic expectations over the partitions of the outside players.
Using a panel of firms listed in the North American and U.K. stock markets, we find that adding board directors from countries with different levels of genetic diversity (either higher or lower) increases firm performance
The results show that the size of the MFIs has a robust non-linear, inverted U-shaped impact on overall performance. Age and the status of non-governmental institution also appear to matter. As it concerns the country-level attributes, GDP growth has a robust positive impact on overall performance. Regional differences also appear to matter
Using an international sample of commercial banks, we find that diversification in terms of income, earning assets, and on and off-balance sheet activities influences positively their financial strength
We measure performance on the basis of a publishing productivity index which allows to account for difference in research inputs among departments.
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