In this paper we study the process of coalition formation conditioning the common decision to adopt a shared good, which is too expensive for one average consumer, who would also not be able to exhaust its use. We develop an agent based model to study the interplay between coalition formation and the diffusion of shared […]
The diffusion of distributed energy producing systems relying on renewable sources poses a challenge to policy-makers, grid operators, and power generating companies in the electricity industry. One such case may be the diffusion of distributed storage systems integrated with photovoltaic units owned by households. On the one hand, they may act as a buffer and […]
This work examines empirically whether productivity gains (losses) are shared with wages, and the sources of heterogeneity that characterise this link. We use matched employer-employee data from the UK Annual Survey of Household Earning and the Annual Business Survey for 2011 to 2015. We instrument Labour Productivity (LP) with real Total Factor Productivity (TFP), and […]
This paper investigates the effect of firms’ investment in R&D on employment level and composition in UK local labour markets. We distinguish the impact of R&D across areas with different initial shares of workers in routinised occupations and industry specialisation and for different sectors, levels of education, paid employment and self-employment, and age cohorts. Drawing […]
The aim of this report is to study the relation between finance, innovation and inequality, focusing on the role of different actors in financing innovation and their share in the profit that results from an average of successful and unsuccessful projects. Based on a set of metrics for the distribution of risk taking and profit […]
ISIGrowth is a 3-year EC Horizon 2020 funded project aimed at offering comprehensive diagnostics on the relationship between innovation, employment dynamics and growth in an increasingly globalized and financialized world economy. The project will provide a coherent policy toolkit to achieve the Europe 2020 objectives of smart, sustainable and inclusive growth. The theoretical foundation is […]
The present paper studies the relative roles of public and private agents in the innovation process and their rewards. Building on an evolutionary framework, we account for the generation of skills as an endogenous process in innovation development, in which different agents contribute to value generation, but some are able to extract value more than […]
This paper provides a novel, empirically grounded map of National Innovation Systems (NIS) in Europe, based on a unique micro level analysis across several EU countries. By focusing on the Eurostat Community Innovation Survey 2014 (CIS2014) micro-aggregated data, we perform an exploratory factor analysis to provide a micro-level grounding to the multi-faceted components of NIS. […]
