In this paper we analyse the effect of R&D co-operation on firms' innovation performance. We investigate the effect of past co-operation on current sales of innovative products, distinguishing between products…
This paper assesses the economic impacts of linking the EU Emission Trading Scheme (ETS) to emerging schemes beyond Europe, in the presence of a post-Kyoto agreement in 2020. Simulations with a numerical…
Real options investment theory predicts current investment falls as uncertainty about market returns increases. In the case of R&D investment, which is usually considered an irreversible form of investment, this…
