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The effect of mergers on innovation
American Economic Journal: Microeconomics. 2026. Vol. 18. No. 2. P. 348–394.
We study the effect of a merger on R&D activity in a dynamic model with uncertainty about the feasibility of innovation. The merger has three effects: it may reduce the number of follow-up innovations (cannibalization effect), increase the probability of the first game-changer innovation (appropriability effect), and bring this innovation forward in time (informational effect). The model suggests mergers are more desirable when R&D outcomes are highly uncertain, but less so when the innovation path is clearer. A surprising policy implication is that the benefit of the merger may be higher if the first and subsequent innovations are closer substitutes.
Lola I. S., Asoskov D., Экономический журнал Высшей школы экономики 2026 Т. 30 № 2 С. 344–376
The article analyzes the transformation of China's economic growth mechanisms in the period after Xi Jinping came to power, with a focus on interprovincial heterogeneity. Based on panel data for 29 provinces of China for 2001-2024, the Bayesian hierarchical regression model is estimated, which makes it possible to identify both average (fixed) and provincial-specific (random ...
Added: May 26, 2026
Smirnov A., Starkov E., European Economic Review 2025 Vol. 178 Article 105113
This paper studies strategic communication in the context of social learning. Product reviews are used by consumers to learn product quality, but in order to write a review, a consumer must be convinced to purchase the item first. When reviewers care about the welfare of future consumers, this leads to a conflict: a reviewer today ...
Added: November 3, 2025
Factors of Firms’ Export in Non-Energy Industries in a Resource-Rich Country: New Evidence on Russia
Kuzyk M., Simachev Y. V., Fedyunina A., Panoeconomicus 2026 No. 00 P. 26–26
Export activity is a significant challenge for firms and, simultaneously, a "marker" of their efficiency. Both of these circumstances are especially relevant for Russia, as the Russian market is quite large and at the same time is characterised by rather high barriers to entry. In such conditions, Russian firms need an especially strong motivation to ...
Added: October 22, 2025
Раецкий А. М., Терещенко Д. С., Журнал Новой экономической ассоциации 2025 № 2(67) С. 46–64
Investment in R&D is a major driver of economic growth. Its impact on economic growth is formed from the direct effect and spillover effect, due to which investments in a particular region affect the development of nearby regions. The paper employs real GRP and R&D capital stock as indicators of economic growth and investment in R&D. ...
Added: July 9, 2025
Switzerland: Springer, 2024.
This book constitutes the revised selected papers of the 15th International Conference, MEDES 2023, Heraklion, Crete, Greece, May 5–7, 2023
The 29 full papers included in this volume were carefully reviewed and selected from 52 submissions. The papers focus on the following topics: Design Issues & BlockChain, Query Processing and Visualization, Learning Issues, Services and Systems, ...
Added: April 1, 2024
Kanakov O., Chen S., Zaikin A., Chaos, Solitons and Fractals 2024 Vol. 197 Article 114408
We propose a learning mechanism for intracellular synthetic genetic classifiers based on the selective elimination (curing) of plasmids bearing parts of the classifier circuit. Our focus is on a two-input, two-plasmid classifier scheme designed to solve a simple proof-of-concept learning problem. The problem is formulated in terms of Boolean variables, and the learning process boils ...
Added: March 12, 2024
Михайлов А. С., Maximenko D., Maximenko M. et al., Балтийский регион 2023 Т. 15 № 4 С. 79–103
Over the past 25 years, Russia has faced several economic and geopolitical challenges, including the 2008 global financial crisis, sanctions imposed in 2014, and the COVID-19 pandemic. To remain resilient in the face of these challenges, Russia needs to adopt a flexible development strategy and transition to a new path of development. This transition requires ...
Added: January 27, 2024
Mayskaya T., European Economic Review 2024 Vol. 162 Article 104653
An agent learns in continuous time from two information sources, each associated with a hypothesis. If a hypothesis is true, the associated source confirms it at a positive rate. False hypotheses are never confirmed. Among the two hypotheses, either exactly one is true or both are false. The agent’s optimal learning strategy has two phases. ...
Added: January 23, 2024
Fernandez M. A., Mayskaya T., Nikandrova A., Games and Economic Behavior 2024 Vol. 144 P. 29–48
A rational principal delegates learning to an overconfident agent who overestimates the precision of the information he collects. The principal chooses between two contracts: commitment, in which the agent commits to the duration of learning in advance, and flexible, in which the agent decides when to stop learning in real time. When the agent is ...
Added: January 23, 2024
Mayskaya T., Nikandrova A., Journal of Economic Theory 2023 Vol. 212 Article 105699
A hider publicly commits to the number of seekers and then privately gets involved in a story, which may be compromising. Each seeker aims to be the first to learn and report a compromising story. The seekers learn the story privately and in continuous time. With more seekers, the hider's story gets revealed at a ...
Added: September 7, 2023
Хмелева П. А., Journal of Corporate Finance Research 2023 Vol. 17 No. 1 P. 78–89
The paper evaluates the influence of a CEO’s education level and their experience on the amount invested in R&D in the pharmaceutical industry. The sample consists of 270 high-tech pharmaceutical companies from the S&P BMI index in 1999–2018 from 23 countries, both developed and emerging. The pharmaceutical industry is of particular interest since the projects ...
Added: May 15, 2023
Vlasova V., Gokhberg L., Ditkovsky K. A. et al., Национальный исследовательский университет "Высшая школа экономики", 2023.
В издании в формате инфографики представлены ключевые индикаторы, характеризующие состояние и тенденции развития сферы науки и технологий в Российской Федерации. Приводятся данные о структуре и динамике финансирования отечественной науки, ее кадрового потенциала, научной и технологической специализации, результатах и социальных эффектах научно-технологической деятельности в сопоставлении с зарубежными странами.
При подготовке публикации использовались данные Росстата, Минобрнауки России, Роспатента, ...
Added: March 31, 2023
Vlasova V., Gokhberg L., Ditkovsky K. A. et al., М.: Национальный исследовательский университет "Высшая школа экономики", 2023.
Статистический сборник продолжает серию публикаций, посвященных различным аспектам развития науки в Российской Федерации. Открывают сборник
таблицы, в которых наряду с основными показателями науки и технологий представлены основные показатели инновационной деятельности. Приводятся
статистические данные о составе организаций, выполнявших исследования и разработки, кадрах и финансировании науки, ее материально-технической базе.
В отдельных разделах содержатся сведения об интеллектуальной собственности, коммерциализации и использовании ...
Added: March 14, 2023
Климова Ю. О., Устинова К. А., Frolov I., Экономические и социальные перемены: факты, тенденции, прогноз 2022 Т. 15 № 5 С. 135–152
Financing the research and development sector is an important condition for growth of innovation activity in regions. However, the share of research and development (R&D) expenses in Russia has been decreasing over the last ten years. According to this indicator, Russia lags behind other countries – leaders of innovation development 3–4 times. The formation of ...
Added: February 28, 2023
Yurevich M. A., Simachev Yu. V., Kuzyk M. G. et al., International Journal of Innovation Studies 2023 Vol. 7 No. 2 P. 101–114
This study examines how internal research and development (R&D), external knowledge acquisition, and R&D contracted with other companies interact in local and foreign-owned enterprises in post-communist economies. A large sample of firm-level data from the Business Environment and Enterprise Performance Survey (BEEPS) across 26 post-communist countries (including European Union (EU) members and non-EU states of ...
Added: December 21, 2022
Вьюнов С. С., Klypin A., Управление наукой: теория и практика 2022 Т. 4 № 1 С. 123–142
The purpose of this study is to allocate approaches for assessing the demand for domestic technologies created using the results of research and development for the real sector of the economy and social sectors. The paper employs theoretical methods: systematic approach, comparative and incomparable analysis, synthesis, abstraction and concretization, structural and functional method. The research is also ...
Added: November 3, 2022
Емельянова Е. Е., Lapochkina V., ЭКО 2022 Т. 52 № 4 С. 31–56
One of the main objectives of the state scientific and technological policy is to make the Russian Federation one of the leading countries in the world in terms of research and development. The study conducted by the authors has revealed a number of problems that are fundamentally contrary to the national priorities in this sphere. ...
Added: August 3, 2022
Learning in, about and from the field? Symbolic functions of EU knowledge production on Central Asia
Korneev O., Kluczewska K., Central Asian Survey 2022 Vol. 41 No. 4 P. 654–674
Examining the European Union's (EU) engagement with Central Asia since the early 1990s, we see an increased commitment to context sensitivity. Arguably, in order to design ‘better’ interventions, the EU needs to know more about this region. This article explores three means of EU learning: in the field – through EU officials’ first-hand experience of working ...
Added: July 30, 2022
Díaz-Díaz N. L., Félix J.López-Iturriaga, Santana-Martín D. J., Long Range Planning 2022 Vol. 55 No. 1 Article 102111
We examine the relationship between firms' political connections and corporate innovation in a European context. We also consider the moderating effect of political connections on the relationship between political uncertainty and firms' innovation. We use two different metrics of innovation: R&D (an input measure), and patent counts (an output measure). We find that firms with ...
Added: July 27, 2022
Fedyunina A., Radosevic S., Economic Systems 2022 Vol. 46 No. 3 Article 100998
DM (Crépon, Duguet and Mairesse, 1988) is a workhorse model in the economics of innovation, which explains productivity in a three-stage procedure driven initially by R&D and leads to patents and then to productivity improvements. Based on the logic of this model, an increasing number of papers applies it to emerging economies but modifies the ...
Added: June 24, 2022
Kashin V., Сравнительная политика 2021 Т. 12 № 3 С. 85–97
This article provides an assessment of the development of the military potential of China and the United States from the perspective of the growing confrontation between the parties. Special attention is paid to the development of innovations and to technological diplomacy. Due to the high level of innovations integration in the military and civil spheres, ...
Added: June 14, 2022
Krasulina O. Y., Rossokhin V. V., Anosova N. E. et al., , in: International Round Table "Industry 4,0 Technologies in the Arctic"Issue 816.: IOP Publishing, 2021. Ch. 012002 P. 1–11.
Added: April 3, 2022