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Competition and innovation : an experimental investigation

Darai, Donja; Sacco, Dario; Schmutzler, Armin - 2009 - Revised version

The paper analyzes the effects of more intense competition on firms' incentives to invest in process innovations. We carry out experiments for two-stage games, where R&D investment choices are followed by product market competition. As predicted by theory, an increase in the number of firms from...

Persistent link: https://www.econbiz.de/10003387554

Start-up acquisitions and innovation strategies

Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2020

This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We apply this theory … innovations. Furthermore, it leads to strategic duplication of the entrant's innovation by the incumbent. These negative … innovation effects of restrictive acquisition policy have to be weighed against the pro-competitive effects of preserving …

Persistent link: https://www.econbiz.de/10012165650

Foreign direct investment and R&D offshoring

Gersbach, Hans (contributor); Schmutzler, Armin (contributor) - 2006

We analyze a two-country model of Foreign Direct Investment (FDI). Two firms, each of which is originally situated in only one of the two countries, first decide whether to build a plant in the foreign country. Then, they decide whether to relocate R&D activities. Finally, they engage in...

Persistent link: https://www.econbiz.de/10003354423

The relation between competition and innovation : why is it such a mess?

Schmutzler, Armin - 2010 - Revised version

Using a general two-stage framework, this paper gives sufficient conditions for increasing competition to have negative or positive effects on R&D-investment, respectively. Both possibilities arise in plausible situations, even if one uses relatively narrow definitions of increasing competition....

Persistent link: https://www.econbiz.de/10003892456

Competition and innovation : an experimental investigation

Sacco, Dario; Schmutzler, Armin - 2008

The paper analyzes the effects of more intense competition on firms’ incentives to invest in process innovations. We carry out experiments based on two-stage games, where R&D investment choices are followed by product market competition. As predicted by theory, an increase in the number of...

Persistent link: https://www.econbiz.de/10003892458

Research joint ventures : the role of financial constraints

Brunner, Philipp; Letina, Igor; Schmutzler, Armin - 2022

resources, increase the variety of pursued projects and thereby increase the probability of discovering the innovation. RJVs … improve innovation outcomes when market competition is weak and external financing conditions are bad. An RJV may increase the … innovation probability and nevertheless lower total R&D costs. RJVs that increase innovation tend to be profitable, but …

Persistent link: https://www.econbiz.de/10013362245