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literature, which focuses only on the level of investment in innovation, this model captures both the variety of research …
Persistent link: https://www.econbiz.de/10009761734
Contrary to most of the literature, which focuses only on the level of investment in innovation, this paper examines …
Persistent link: https://www.econbiz.de/10010402613
Using a simple but general two-stage framework, this paper identifies the circumstances under which increasing competition leads to more cost-reducing investments. The framework can, for instance, capture increasing substitutability for different types of oligopoly models or changes from Cournot...
Persistent link: https://www.econbiz.de/10011051617
This paper examines the impact of the conglomerate form on the scale and novelty of corporate Research and Development (R&D) activity. I exploit a quasi-experiment involving failed mergers to generate exogenous variation in acquisition outcomes of target firms. A difference-in-differences...
Persistent link: https://www.econbiz.de/10010737667
This Paper examines the effect of price competition on innovation, market structure and profitability in R …&D-intensive industries. The theoretical predictions are tested using UK data on the evolution of competition, concentration, innovation …
Persistent link: https://www.econbiz.de/10005666839
research and incentives for innovation. We then summarize the pricing and marketing of drugs in the US and several other …
Persistent link: https://www.econbiz.de/10014025576
concentration upon innovation, focusing on robust findings, questions of interpretation, and the identification of major gaps. We … also consider the more modest literature that considers the effect on innovation of firm characteristics other than size …
Persistent link: https://www.econbiz.de/10014025172
Based on an extended game-theoretic innovation-race model, we derive some Schumpeterian hypotheses of the impact of … innovations. Using innovation data at the firm level in the German industrial sector, we estimate various versions of an … econometric specification of the model with dichotomous innovation data by using a univariate binary probit model with qualitative …
Persistent link: https://www.econbiz.de/10005626944
the innovation theory of Industrial Organization. In a two-industry model we formalize the effects of R …
Persistent link: https://www.econbiz.de/10009205318
This paper uses an aggregative games framework to predict consumer welfare when market structure is endogenously determined. Our main results characterize mergers whose synergies reduce consumer welfare by inducing rivals to exit. The conditions under which such mergers arise are broad,...
Persistent link: https://www.econbiz.de/10014576659