We have a new paper “Public Procurement of Innovation: Evidence from a German Legislative Reform“ out at IJIO (preprint available without paywall here under “Research”) and I’ve briefly summarized the content in a Twitter thread (apparently that’s were these things happen these days, blogs are so 2012…). For reference, I’ll link to the tweets below:
Germán Gutiérrez and Thomas Philippon from NYU Stern published another interesting NBER working paper this week: Continue reading What explains sluggish business investments?
Recently I stumbled over this picture on the internet. I have not checked the numbers, but everybody knows that Apple is sitting on a huge pile of cash (the same goes for Microsoft, by the way). Of course, this number makes a good conspiracy theory about what might really be going on in Cupertino. Is Apple the last fire-drake of California jealously hoarding a pile of gold in his lair? I would like to object. There are actually good economic reasons for Apple to have large cash holdings. Continue reading Why is Apple sitting on a pile of cash?