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Innovative capability and financing constraints for innovation: More money, more innovation?

Hottenrott, Hanna; Peters, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2012

This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of …. If they selected additional innovation projects, they must have had some unexploited investment opportunities that were … not profitable using more costly external finance. We attribute constraints for innovation not only to lacking financing …

Persistent link: https://www.econbiz.de/10010957615

Innovative capability and financing constraints for innovation: More money, more innovation?

Hottenrott, Hanna; Peters, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2009

This study presents a novel empirical approach to identify financing constraints for innovation based on the idea of an … alternatives of use. If they choose additional innovation projects they must have had some unexploited investment opportunities … attribute constraints for innovation not only to lacking financing, but also to firms' innovative capability. Econometric …

Persistent link: https://www.econbiz.de/10008474671

Innovative capability and financing constraints for innovation: More money, more innovation?

Hottenrott, Hanna; Peters, Bettina - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011

This study presents a novel empirical approach to identify financing constraints for innovation based on the concept of … alternatives of use. If they selected additional innovation projects, they must have had some unexploited investment opportunities … that were not profitable using more costly external finance. We attribute constraints for innovation not only to lacking …

Persistent link: https://www.econbiz.de/10009147345

Durable Goods, Innovation and Network Externalities

Cerquera Dussán, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2007

We develop a model of R&D competition between an incumbent and a potential entrant with network externalities and durable goods. We show that the threat of entry eliminates the commitment problem that an incumbent may face in its R&D decision due to the goods? durability. Moreover, a potential...

Persistent link: https://www.econbiz.de/10005097721

R&D incentives, compatibility and network externalities

Cerquera Dussán, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006

This paper analyzes the impact of network externalities on R&D competition between an incumbent and a potential entrant. The analysis shows that the incumbent always invests more than the entrant in the development of higher quality network goods. However, the incumbent exhibits a too low level...

Persistent link: https://www.econbiz.de/10005097740

Dynamic R&D incentives with network externalities

Cerquera Dussán, Daniel - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2006

This paper studies the incentives to undertake uncertain R&D initiatives in a dynamic duopoly network industry. It is shown that network externalities positively affect the incentives to invest in R&D. In the model, competition resembles a preemption race and, therefore, market performance...

Persistent link: https://www.econbiz.de/10005098390