Nuevas industrias y nuevos mercados; financiación, innovación y eficiencia dinámica

Giacinta Cestone, Roberto Burguet Verde.

Barriers like mobile telephony, can influence that industry’s future results; the optimal design of financial contracts (in particular, the role of convertible securities) in the management of new technology companies; the properties of auction-style price formation mechanisms in the presence of a large number of saleable units and prospective buyers, as in the case of electronic auctions; and the determinants of the time structure of new technology take-up when it is embedded in capital goods.