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…
Estimating the private return to R&D investment has been a major goal for decades and most of the empirical literature has been built around the knowledge production function. In this framework, investment in…
We study the effects of the car scrapping subsidies in Europe during the financial crisis. We make use of a rich data set of all car models sold in nine European countries, observed at a monthly level during…
Financing is a crucial but scarce factor especially in technology-oriented industries where the risk of failure is high and information asymmetries are substantial, e.g. because the marketplace for the new and…
Competitive production costs compared to conventional fuels are imperative for biofuels to gain market shares, as current tax advantages for biofuels are only temporary. Comparing production costs of different…
