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We study a two-stage R&D project with an abandonment option. Two types of uncertaintyinfluence the decision to start R&D. Demand uncertainty is modelled as a lottery between aproportional increase and decrease in demand. Technical uncertainty is modelled as a lotterybetween a decrease and...
Persistent link: https://www.econbiz.de/10005868645
The paper examines the Porter and induced-innovation hypotheses in a firm model where: (i) the firmhas a vintage … progress is energy-saving and endogenous through purposive R&Dinvestment; (iv) the innovation rate increases with R … is shown that tighter emission quotas do not prevent firms to grow in thelong-run, thanks to endogenous innovation, but …
Persistent link: https://www.econbiz.de/10005868689
An important discussion in recent years is the introduction of product patentsand the abolition of process patents. In a model with endogenous number of innovatingfirms, we show that whether product patent increases R&D is ambiguous, and depends onthe type of market demand and the cost of R&D....
Persistent link: https://www.econbiz.de/10005868762
We show the effect of patent protection on R&D investment in presence of‘inventing around’ (or imitation) and technology licensing...
Persistent link: https://www.econbiz.de/10005868765
We consider the effects of product market cooperation on R&Dinvestment, profits, consumer surplus and welfare. We show that though R&Dinvestment, consumer surplus and social welfare may be higher or lower underproduct market cooperation than product market competition, industry profit isalways...
Persistent link: https://www.econbiz.de/10005868776
We derive an R&D-based semi-endogenous growth model where technological progressdepends on the available amount of technological opportunity. Incremental innovationsprovide direct increases in the knowledge stock but they reduce technological opportunityand thus the potential for further...
Persistent link: https://www.econbiz.de/10005868819
In dynamischen innovationsorientierten Industrien stellen Technologien die wichtigste Quelle fürWettbewerbsvorteile dar (vgl. Porter 1983, S. 3 ff.). Durch technologische Innovationen lassen sichneue Produkt-Markt-Felder eröffnen oder auf vorhandenen Märkten Kosten-...
Persistent link: https://www.econbiz.de/10005868886
This paper compares Bertrand and Cournot equilibria in a horizontallydifferentiated duopoly market with non-tournament R&D competition. We consider thatsuccess in R&D is uncertain. We show that whether firms invest more under Cournotcompetition or Bertrand competition is ambiguous and depends on...
Persistent link: https://www.econbiz.de/10005868906
Im Zuge der angespannten wirtschaftlichen Situation vieler Unternehmen in Deutschlandverfolgen diese in den letzten Jahren in großem Umfang Rationalisierungsmaßnahmen. Zieldieser Maßnahmen ist eine Erhöhung der Effizienz bzw. Reduktion der Kosten. Dabeiwerden häufig Investitionen im Bereich...
Persistent link: https://www.econbiz.de/10005869048
This paper provides a framework with which to model one of the key links between universities andindustry – the undertaking of applied research. We assume that the fundamental objective of universities isto undertake fundamental research and that they receive public funding to do so....
Persistent link: https://www.econbiz.de/10005869105