Publications of the Research Unit Economics of Innovation and Industrial Dynamics

  1. ZEW Discussion Paper No. 03-06 // 2003

    Dynamic Optimal Capital Structure and Technological Change

    This paper incorporates the cost of adjustment between observed and optimal leverage in explaining the variation in firm’s equity or bank-debt financing investments. Using a dynamic adjustment approach…

  2. ZEW Discussion Paper No. 03-01 // 2003

    Lead Markets of Environmental Innovations: A Framework for Innovation and Environmental Economics

    Environmental regulations often want to stimulate the generation and adoption of ecoefficient innovations. An important argument in the public debate is also the creation of new markets for environmentally…