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Financial constraints and innovation: Why poor countries don't catchup
Gorodnichenko, Yuriy; Schnitzer, Monika - Volkswirtschaftliche Fakultät, … - 2010
and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation … export and innovation activities to become substitutes although they are generally natural complements. …
Persistent link: https://www.econbiz.de/10008693535
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Standards, Innovation Incentives, and the Formation of Patent Pools
Schmidt, Klaus M. - Volkswirtschaftliche Fakultät, … - 2010
Technological standards give rise to a complements problem that affects pricing and innovation incentives of technology …
Persistent link: https://www.econbiz.de/10008727880
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Collusion through Joint R&D: An Empirical Assessment
Duso, Tomaso; Röller, Lars-Hendrik; Seldeslachts, Jo - Volkswirtschaftliche Fakultät, … - 2010
This paper tests whether upstream R&D cooperation leads to downstream collusion. We consider an oligopolistic setting where firms enter in research joint ventures (RJVs) to lower production costs or coordinate on collusion in the product market. We show that a sufficient condition for...
Persistent link: https://www.econbiz.de/10008727878
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Innovation Contests with Entry Auction
Giebe, Thomas - Volkswirtschaftliche Fakultät, … - 2010
We consider procurement of an innovation from heterogeneous sellers. Innovations are random but depend on unobservable … admission to an innovation contest. After the contest, an innovation is procured employing either a fixed prize or a first …
Persistent link: https://www.econbiz.de/10008583545
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Overconfidence and Managers’ Responsibility Hoarding
Nieken, Petra; Sadrieh, Abdolkarim; Zhou, Nannan - Volkswirtschaftliche Fakultät, … - 2011
Overconfidence is a well-established behavioral phenomenon that involves an overestimation of own capabilities. We introduce a model, in which managers and agents exert effort in a joint production, after the manager decides on the allocation of the tasks. A rational manager tends to delegate...
Persistent link: https://www.econbiz.de/10009386697
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Security bid auctions for agency contracts
Jun, Byoung Heon; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2012
A principal uses security bid auctions to award an incentive contract to one among several agents, in the presence of hidden action and hidden information. Securities range from cash to equity and call options. “Steeper†securities are better surplus extractors that narrow the gap...
Persistent link: https://www.econbiz.de/10010556730
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Is Silence Golden? Patents versus Secrecy at the Firm Level
Hussinger, Katrin - Volkswirtschaftliche Fakultät, … - 2005
In the 1990s, patenting schemes changed in many respects: upcoming new technologies accelerated the shift from price competition towards competition based on technical inventions, a worldwide surge in patenting took place, and the ‘patent thicket’ arose as a consequence of strategic...
Persistent link: https://www.econbiz.de/10005835212
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Auctioning Process Innovations when Losers’ Bids Determine Royalty Rates
Fan, Cuihong; Jun, Byoung Heon; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2009
We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to those who lose the auction. Firms’ bids are dual signals of their cost reductions: the winning bid signals the own cost reduction to rival oligopolists, whereas the losing...
Persistent link: https://www.econbiz.de/10008501954
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Licensing a common value innovation when signaling strength may backfire
Fan, Cuihong; Jun, Byoung Heon; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2010
This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing …
Persistent link: https://www.econbiz.de/10008501956
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Wages and Productivity Growth in a Dynamic Oligopoly
Bester, Helmut; Milliou, Chrysovalantou; Petrakis, Emmanuel - Volkswirtschaftliche Fakultät, … - 2009
This paper studies the innovation dynamics of an oligopolistic industry. The firms compete not only in the output … incentives for innovation at subsequent dates. Over time the industry equilibrium approaches a steady state. The paper … characterizes the evolution of the industry's innovation behavior and its market structure on the adjustment path. …
Persistent link: https://www.econbiz.de/10008469773