Data is often at the core of digital products and services, especially when related to online advertising. This has made data protection and privacy a major policy concern. When surfing the web, consumers leave digital traces that can be used to build user profiles and infer preferences. We quantify the extent to which Facebook can track web behavior outside of their own platform. The network of engagement ...
We use the prolonged Greek crisis as a case study to understand how a lasting economic shock affects the innovation strategies of firms in economies with moderate innovation activities. Adopting the 3-stage CDM model, we explore the link between R&D, innovation, and productivity for different size groups of Greek manufacturing firms during the prolonged crisis. At the first stage, we find that the ...
Understanding the causes of the slowdown in aggregate productivity growth is key to maintaining the competitiveness of advanced economies and ensuring long-term economic prosperity. This paper is the first to provide evidence that investment in intangible capital, despite having a positive effect on productivity at the micro level, is a driver of the weak productivity performance at the aggregate level ...
Inwieweit darf oder muss der Staat in die Wirtschaft eingreifen? Dies ist seit jeher die zentrale Frage in der Debatte um die richtige Industriepolitik. Dass die Industrie in Deutschland ein entscheidender Faktor für Wohlstand ist, bleibt unbestritten. Diverse Krisen der letzten Jahre wie die Finanz- und Schuldenkrise, der Klimawandel oder die Corona-Pandemie, aber auch der wirtschaftliche...
The tremendous growth of digital transactions – mainly through online platforms - is profoundly affecting the way we interact and opening vast opportunities to improve our lives. Consumers are benefiting from an unprecedented proliferation of new services and products that previously were too costly to be developed and marketed to customers. At the same time, the characteristics of platform...
Inwieweit darf oder muss der Staat in die Wirtschaft eingreifen? Dies ist seit jeher die zentrale Frage in der Debatte um die richtige Industriepolitik. Dass die Industrie in Deutschland ein entscheidender Faktor für Wohlstand ist, bleibt unbestritten. Diverse Krisen der letzten Jahre wie die Finanz- und Schuldenkrise, der Klimawandel oder die Corona-Pandemie, aber auch der wirtschaftliche Strukturwandel ...
We provide an evaluation of the impact of public subsidy schemes that aimed to support the development of basic broadband infrastructure in rural areas of Germany. Such subsidies are subject to state aid control by the European Commission (EC). While the EC increasingly recognises the role of economic analysis in controlling public aid to companies, there are to date no full retrospective studies performed ...