Showing 1 - 10 of 24
Technological standards give rise to a complements problem that affects pricing and innovation incentives of technology …
Persistent link: https://www.econbiz.de/10008823190
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/10008823197
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/10003935696
complements problem but not the double mark-up problem. Vertical integration discourages entry and reduces innovation incentives …, while horizontal integration always encourages entry and innovation. …
Persistent link: https://www.econbiz.de/10010343929
The literature on R&D contests implicitly assumes that contestants submit their innovation regardless of its value …
Persistent link: https://www.econbiz.de/10003848872
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 bid...
Persistent link: https://www.econbiz.de/10003935644
This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing …
Persistent link: https://www.econbiz.de/10003935649
Licensing in a patent thicket allows firms to either avoid or resolve hold-up. Firms' R&D incentives depend on whether they license ex ante or ex post. We develop a model of a patent portfolio race, which allows for endogenous R&D efforts, to study firms' choice between ex ante and ex post...
Persistent link: https://www.econbiz.de/10010365900
discourages entry and reduces innovation incentives, while horizontal integration always benefits from entry and innovation …
Persistent link: https://www.econbiz.de/10003909249
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/10003909307