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This paper is the first to empirically compare the impact of fuel price on ridership of taxicabs and transportation network companies (TNCs) like Uber and Lyft. We build a theoretical model of the car service market to demonstrate how drivers under the two systems may have different reactions to...
A Correction to this paper has been published: https://doi.org/10.1007/s10842-021-00359-3
Despite the significance of economic value indicators in the measurement of firm value, not much attention has been dedicated to how research and development (R&D) influences firms’ economic value. This study examines the relationship between R&D investments and firms’ economic value and...
We consider process R&D investments of firms in markets with network effects and incomplete product compatibility. Our results indicate that network effects increase the firms’ individual investments in R&D. The presence of network effects weakens the positive impact of R&D cooperation on firms’...
Our study estimates the effects of the European Monetary Union (EMU) on high-technology (HT) export and assesses the potential knowledge spillovers of such trade. Irrespective of the importance of the HT trade channel, none of the previous studies in the literature focus on the effects of a...
The vast empirical literature on strategic alliances has often overlooked their theoretical foundations. We pose a hypothesis: do small and medium enterprises run by professional managers (managerial firms) have a rationale to incur in more alliances than firms run by their owners...
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