Venture capital (VC) is often seen as an instrumental tool that allows many start-ups to pursue innovation with the potential to shake-up current markets and/or to replace incumbents. Using a highly granular, project-level dataset from preclinical diabetes R&D, this paper shows that VCs actively steer the direction of R&D and streamline activities of research focused firms (pipeline firms)...
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...
In der Diskussion über die Patente für Corona-Impfstoffe hat sich Angela Merkel gegen eine Freigabe ausgesprochen. Marcel Fratzscher hält das für einen der schwerwiegendsten Fehler ihrer Kanzlerschaft, der Deutschland und Europa geopolitisch weiter schwächt. Dieser Text erschien am 10. Mai 2021 als Gastbeitrag in der Welt. Bundeskanzlerin Angela Merkel (CDU) lehnt die Initiative ...
Dieser Text erschien am 6.1.2021 als Gastbeitrag im SPIEGEL. Die EU hat bei der Planung der Impfkampagne einiges richtig gemacht – und einen entscheidenden, leider aber fast zwangsläufigen Fehler. Dessen Wurzeln liegen tief: in einer völlig verqueren öffentlichen Fehlerkultur. Die hochemotionale Debatte über die schleppende Verteilung von Impfstoffen richtet nachhaltigen Schaden ...
We combine theory and evidence on incubator and accelerator programmes and their effects on urban economic development. These structured co-working programmes have grown rapidly. However, a rich descriptive literature reveals little about their impact on participants or surrounding urban areas. We situate programmes in a conceptual framework of co-location tools, theorise objectives and benefits and ...
Welfare is traditionally understood through social security decommodifying labor markets or social investment policies. In the domain of housing, however, welfare for homeowners is largely hidden in the tax codes’ fiscal exemptions. Based on a content analysis of legislation, this paper introduces a novel yearly database of 37 countries between 1910 and 2020 to uncover the “hidden welfare state” of ...