The Bayh-Dole Act allows universities to commercialize their research. University laboratories therefore have two sources of funds: direct grants from the government and funds from commercialization. In addition to giving direct subsidies to university laboratories, the government also subsidizes the commercial sector, for example, through tax credits. Subsidies to commerce contribute indirectl...

This paper investigates the determinants of Polish small firm’s intentions to expand production in the context of possible economic expansion on accession to the EU. Using a non-linear specification a model is developed using twenty-seven explanatory variables derived from a questionnaire given to Polish small firms in late 1999 asking about their motivations in expanding production. Seven of t...

This paper suggests that the ability of consumers to choose accurately between alternative suppliers is substantially limited even in a relatively simple and transparent market. Across two independent datasets from the UK electricity market we find, on aggregate, that those consumers switching exclusively for price reasons appropriated between a quarter and a half of the maximum gains available...

In a historical retrospective, although the existing literature names the sector of management consulting industry as an extraordinary and unique phenomenon in business and in fact these claims have not been substantiated by academic studies that will assess these same interpretations. This article therefore aims to address the lack of studies in this emerging field, and, from the analysis of a...

We consider a simple model of energy saving investments under uncertainty of energy costs. Adjustment delays in replacing energy-intensive capital follow from two natural elements: uncertainty and heterogeneity of the existing capital structure. They imply a simple dichotomy where short-run output contracts, but the long-run output recovers and increases above the initial output, despite the in...

This paper estimates returns to research and development (R&D) in Chinese industry. Using a firm-level dataset on innovation activity in largeand medium-size industrial enterprises during 1991 to 1997 in the Beijing area, we estimate three equations – an R&D expenditure equation, a production function, and a profit function. Panel data estimation methods are applied to a semibalanced data set c...

The Bayh-Dole Act allows universities to commercialize their research. University laboratories therefore have two sources of funds: direct grants from the government and funds from commercialization. In addition to giving direct subsidies to university laboratories, the government also subsidizes the commercial sector, for example, through tax credits. Subsidies to commerce contribute indirectl...

This paper is concerned with examining behaviour of firms (banks) and consumers (banks’ customers) in the event of a new technology (internet banking) introduction. The determinants of consumer adoption of internet banking are characterised using survey data from Korea in both static and dynamic framework. I find evidence that adoption of internet banking is influenced by sex, age, marital stat...