Endogeneity in network formation hinders the identification of the role that social networks play in generating spillovers, peer effects and other externalities. This paper tackles this problem and investigates…
While a widespread consensus exists among macroeconomists that the German labour market reforms in 2003-2005 have successfully contributed to the decline of the unemployment rate, critics claim that the reforms…
The effectiveness of patents to stimulate R&D is often limited. If innovation is sequential and complementary, patent protection may even stifle technical advance (Bessen and Maskin, 2006). The surge of…
For innovative start-ups, an effective patent system is a crucial factor for success and survival. The importance of patents for start-ups is based on two features. First, patents grant temporary monopoly rights…
Private equity (PE) firms have long time emphasized their role as investors who create value in their portfolio companies. In this paper we analyze a key strategy of PE investors, the so-called buy-and-build…
Contributions to Edited Volumes and Conference Proceedings
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2013
The German electricity market is changing fundamentally as renewable energy replaces conventional sources. Simultaneously, regional imbalances between generation and consumption are appearing. The authors sketch…
This paper evaluates the effects of a major Swedish school choice reform. The reform in 1992 increased school choice and competition among public schools as well as through a large-scale introduction of private…
Start-ups are a vehicle to transfer knowledge and technology within an economy. The way in which this occurs is that founders of start-ups pick up ideas that otherwise would have been neglected and bring them to…
Sectoral heterogeneity is crucial to address several economic questions. This pap er provides a detailed mapping of sectoral pro duction p ossibility frontiers, using different nesting structures and levels of…
