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The road not taken: Competition and the R&D portfolio

Letina, Igor - 2015

This article examines the effects of market structure on the variety of research projects undertaken and the amount of duplication of research. A characterization of the equilibrium market portfolio of R&D projects and the socially optimal portfolio is provided. It is shown that a merger...

Persistent link: https://www.econbiz.de/10011663162

Dynamic R&D networks with process and product innovations

König, Michael D. - 2016

coevolution of market and network structure matter for the relationship between competition and innovation. Moreover, our model …

Persistent link: https://www.econbiz.de/10011663182

The road not taken: Competition and the R&D portfolio

Letina, Igor - 2014

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/10011282467

A pharmaceutical innovation: Is it worth the money? Whose money?

Sennhauser, Michèle; Zweifel, Peter - 2009

This study seeks to provide evidence for deciding whether or not a pharmaceutical innovation should be included in the … treatment cost in both financing alternatives, justifying inclusion of the innovation in the benefit list from a cost …

Persistent link: https://www.econbiz.de/10010315493

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

Schmutzler, Armin - 2010

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/10010315513

Competition and innovation: An experimental investigation

Sacco, Dario - 2007

The paper analyzes the effects of competitive intensity on firms' incentives to invest in process innovations through an experiment based on two-stage games, where R&D investment choices are followed by product market competition. An increase in the intensity of competition is modeled as an...

Persistent link: https://www.econbiz.de/10010315551

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 firms...

Persistent link: https://www.econbiz.de/10010315588

The road not taken: Competition and the R&D portfolio

Letina, Igor - 2013

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/10010316823

How do judgmental overconfidence and overoptimism shape innovative activity?

Herz, Holger; Schunk, Daniel; Zehnder, Christian - 2013

that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … innovative activity. While overoptimism leads to an innovation enhancing effect, judgmental overconfidence inhibits innovation …. Our results indicate that future research is well advised to take into account that the relationship between innovation …

Persistent link: https://www.econbiz.de/10010316868

Maintaining efficiency while integrating entrants from lower-performing groups: An experimental study

Salmon, Timothy C.; Weber, Roberto A. - 2014

Efficiently growing a group or firm often requires integration of individuals from lower-performing entities. We explore the effectiveness of two policies intended to facilitate such integration, using a laboratory experiment that models production as a coordination game with Pareto-ranked...

Persistent link: https://www.econbiz.de/10011282460