Although natural hazard insurance is advocated as an important means of risk management, private insurance demand often remains below critical levels. Prior loss experience and the design of governmental…
We analyze a monopolist who offers different variants of a possibly dangerous product to heterogeneous customers. Product variants are distinguished by different safety attributes. Customers choose product…
In this paper we explore the relationship between innovative firms that patent technology related to Industry 4.0 and their economic performance. By applying the new patent cartography developed by the EPO…
The forthcoming fourteenth Five-Year Plan (2021-2025) emphasizes innovation as the driving force to double China’s GDP and income per capita until the year 2035, implying five percent annual output growth.…
