This paper considers the effect of different firm leadership on the innovative performance of firms from seven EU countries. We investigate whether owner-led or manager-led firms achieve a larger share of their turnover with product innovations. Economic theory does not propose clear results on that question. In the empirical analysis it turns out that the manager-led firms are more active inno...

This study investigates the types of factors which can lead to government acquisition, or the ‘‘spin-in’’ of bio-defense technologies from small bio-technology firms. Empirical findings suggest that for small biotechnology R&D firms desiring to increase ‘‘spin-in’’ technology transfer, there appears to be two distinct and important influence groups—the scientific community within federal agenci...

Global climate change presents a classic problem of decision making under uncertainty with learning. We provide stochastic dominance theorems that provide new insights into when abatement and investment into low carbon technology should increase in risk. We show that R&D into low-carbon technologies and near-term abatement are in some sense opposites in terms of risk. Abatement provides insuran...

As a first step towards understanding the evolution of small groups in firms, this paper develops and tests a simple decision-theoretic model of research-unit evolution in which, as managers resolve their uncertainty over time, they shut down under-performing units and remove under-performing unit heads. The selection process generates several testable hypotheses about how unit and head charact...

Y. Balcer and S. A. Lippman (1984, J. Econ. Theory 34, 292 318) develop a model to analyze the ``buy or wait'' problem under technological change. They show that this dynamic problem has a threshold solution: if the difference between the best available technology and that currently held exceeds a certain threshold, then buy. They also claim that the threshold is increasing in the ``discovery p...

We develop a two-sided matching model to analyze collaboration between heterogeneous academics and firms. We predict a positive assortative matching in terms of both scientific ability and affinity for type of research, but negative assortative in terms of ability on one side and affinity in the other. In addition, the most able and most applied academics and the most able and most basic firms ...

This paper evaluates the interacted effects of the fiscal and monetary policies on the nominal and real macro-variables of the Iranian economy. Our analysis is thus based on the optimal control theory by which the optimal path of the control variables including monetary and fiscal tools are determined over the period 1963-2006. We also use a macro-econometric model in form of a simultaneous equ...

This paper proposes a generalization of the nonlinear simultaneous equation model Pesaran and Pick (2007) by modelling comovement between two endogenous variables as smooth function magnitude variable rather than step function. The threshold speed at which shock is transmitted are estimated with other parameters model. We investigate properties an accurate estimation method takes into account e...

We draw on qualitative data derived from field work on two university campuses to develop an explanation for widely disparate rates of new invention disclosure. We argue that faculty decisions to disclose are shaped by their perceptions of the benefits of patent protection. These incentives to disclose are magnified or minimized by the perceived costs of interacting with technology transfer off...