Scholars and policymakers have long recognized the potential of public procurement as an industrial policy tool to incentivize innovation. However, it remains unclear to what extent this potential has been…
Independent and high-quality evaluations of government policies are an important input for designing evidence-based policy. Institutional frictions and lack of incentives to write such evaluations, on the other…
Departing from communism, East Germany witnessed history’s most extensive privatization program. While the program sparked global interest as a blueprint for economic transformation, its effectiveness remains…
Productivity growth in the advanced economies has been slowing down for some time. This is surprising insofar as large-scale technological impulses are expected as a result of the digital revolution. An analysis…
Smoking bans have been widely implemented, despite mixed evidence on their effectiveness in reducing smoking prevalence. This paper provides novel insights into the dynamic impacts of smoking bans in the context…
This paper shows that angel investor grants encourage new investors to enter the risk finance market, where they syndicate investments with other investors. We argue that this results from the high cost of…
