Innovation, competition and incentives for R&D

This paper analyses the relationship between past innovation output, competition, and future innovation input in a dynamic econometric setting. We distinguish two dimensions of competition that correspond to the concepts of product substitutability and entry barriers due to fixed costs. Based on firm-level panel data for Germany and Switzerland we obtain consistent results for both countries. Innovation output in t-1 as measured by the sales share of innovative products is positively related to the degree of product obsolescence in t, and negatively to the degree of substitutability in t in both countries. Further, we find that rapid product obsolescence provides positive incentives for higher - primarily product-oriented - R&D investments in t+1, while high substitutability exerts negative incentives for future R&D investment. --Innovation,R&D,Competition

Innovation budgeting over the business cycle and innovation performance

The global economic crisis of 2008/2009 hit many firms hard. Faced with rapidly declining sales and highly uncertain economic prospects, firms had to cut costs and reconsider their business strategies. With respect to innovation, cost cutting often means to stop or underresource innovation projects which may harm a firm’s long-term competitiveness. Firms may therefore refrain from reducing innovation budgets during crises but rather deliberately allocate more resources to innovation activities in order to update their product portfolio for the following recovery. Our analysis examines the effects of changes in innovation budgets during the most recent economic crisis on firms’ post-crisis innovation performance. Based on firm-level panel data from the German Innovation Survey covering the period 2006 to 2012, we find a positive effect of crisis adjustment. Raising the ratio of innovation expenditure to sales does increase subsequent sales of market novelties, but not of product imitations. Our findings are dependent upon the way business cycle effects are measured, however. While the results hold for macroeconomic business cycle indicators (change in real GDP), they do not for demand changes in a firm’s primary sales market. This may imply that lower opportunity costs of innovation during an economic crisis are transferred into higher post-crisis new product sales by firms in markets less strongly affected by the crisis

Efficiency of thin film photocells

We propose a new concept for the design of high-efficiency photocells based on ultra-thin (submicron) semiconductor films of controlled thickness. Using a microscopic model of a thin dielectric layer interacting with incident electromagnetic radiation we evaluate the efficiency of conversion of solar radiation into the electric power. We determine the optimal range of parameters which maximize the efficiency of such photovoltaic element.Comment: 5 pages, 3 figure

Innovation, competition and incentives for R&D

This paper analyses the relationship between past innovation output, competition, and future innovation input in a dynamic econometric setting. We distinguish two dimensions of competition that correspond to the concepts of product substitutability and entry barriers due to fixed costs. Based on firm-level panel data for Germany and Switzerland we obtain consistent results for both countries. Innovation output in t-1 as measured by the sales share of innovative products is positively related to the degree of product obsolescence in t, and negatively to the degree of substitutability in t in both countries. Further, we find that rapid product obsolescence provides positive incentives for higher – primarily product-oriented – R&D investments in t+1, while high substitutability exerts negative incentives for future R&D investment

Modelling production cost scenarios for biofuels and fossil fuels in Europe

This paper presents the results of a calculation model for biofuel production costs in 2015 and 2020 based on raw material price projections and considering scale and learning effects. Distinguishing six types of biofuels, the paper finds that scale economies and learning effects are critical for 2nd generation biofuels to become competitive. In case these effects can be utilized, cost saving potentials for 2nd generation biofuels are significant

Policy instruments and self-reported impacts of the adoption of energy saving technologies in the DACH region

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First Principles Quantum Transport with Electron-vibration Interactions: A Maximally Localized Wannier Function Approach

We present an ab initio inelastic quantum transport approach based on maximally localized Wannier functions. Electronic-structure properties are calculated with density-functional theory in a planewave basis, and electron-vibration coupling strengths and vibrational properties are determined with density-functional perturbation theory. Vibration-induced inelastic transport properties are calculated with non-equilibrium Green's function techniques, which are based on localized orbitals. For this purpose we construct maximally localized Wannier functions. Our formalism is applied to investigate inelastic transport in a benzene molecular junction connected to mono-atomic carbon chains. In this benchmark system the electron-vibration self-energy is calculated either in the self-consistent Born approximation or by lowest-order perturbation theory. It is observed that upward and downward conductance steps occur, which can be understood using multi-eigenchannel scattering theory and symmetry conditions. In a second example where the mono-atomic carbon chain electrode is replaced by a (3; 3) carbon nanotube, we focus on the non-equilibrium vibration populations driven by the conducting electrons using a semi-classical rate equation.Comment: 14 pages, 16 figure

The influence of the Hall force on the vortex dynamics in type II superconductors

The effect of the Hall force on the pinning of vortices in type II superconductors is considered. A field theoretic formulation of the pinning problem allows a non-perturbative treatment of the influence of quenched disorder. A self-consistent theory is constructed using the diagrammatic functional method for the effective action, and an expression for the pinning force for independent vortices as well as vortex lattices is obtained. We find that the pinning force for a single vortex is suppressed by the Hall force at low temperatures while it is increased at high temperatures. The effect of the Hall force is more pronounced on a single vortex than on a vortex lattice. The results of the self-consistent theory are shown to be in good agreement with numerical simulations.Comment: 9 pages, 4 figures, published in Physical Review