The market for R&D is subject to market failure which leads to an underprovision of R&D from a social point of view. This gives rise for governmental intervention in the market for R&D. For decades, the…
Technological change is an important determinant of long-run productivity which is essential for securing competitiveness both at the firm-level and for the economy as a whole. Public authorities expect that…
Export is an important factor for growth and welfare for small, open economies. Since R&D and innovation are also key factors of growth for an industrialized economy, it is interesting to analyze the…
Technologically motivated firm acquisitions often fail in the sense that post-merger innovation performance declines. One reason has been identified as a temporary shift of managerial attention towards the firm…
This paper examines the scope and value of targeted advertising in the German magazine industry. We use data on reader characteristics at individual media, in contrast to previous work that has needed to infer…