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This paper evaluates the recent literature claiming that the US economy has generally become less competitive causing the US economy to perform poorly and that lax antitrust policy is one important reason for the decline in economic performance. Although there certainly are empirical facts...
Persistent link: https://www.econbiz.de/10012829706
The impact of product variety on welfare has received little attention in the electronic commerce literature. The problem with product variety is that more variety does not necessarily imply higher welfare. This paper finds the conditions under which more variety, if caused by lower fixed costs,...
Persistent link: https://www.econbiz.de/10012765548
It is here shown that there exist cost innovations for which a monopolist has a higher incentive to invest than a social planner. This unveils the limits of the claim, based on Arrow (1959), that a monopoly always has a lower incentive to innovate than a social planner and therefore than...
Persistent link: https://www.econbiz.de/10013094895
Due to markup distortions, in international trade models with monopolistic competition and heterogeneous firms the market equilibrium is inefficient unless demand exhibits constant elasticity of substitution. When it does not, global welfare maximization generally requires policy intervention...
Persistent link: https://www.econbiz.de/10014515012
Research joint ventures involve agreements among firms to engage in joint basic and applied research and development. This Article explores the importance of intellectual property rights in the formation of a research joint venture. The Article first considers the structural advantages afforded...
Persistent link: https://www.econbiz.de/10014070779
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The scientific problem of this study is the analysis of the portfolio of outputs by public research labs in the presence of hybrid funding scheme based on public and market-oriented financing mechanisms. Research institutes are considered Decision Making Units, which produce two different kinds...
Persistent link: https://www.econbiz.de/10013018258
costs. Research therefore repeatedly stressed the positive relationship between collaborative R&D and innovation performance … collaborative R&D projects in total R&D projects is associated with a higher probability of product innovation and with a higher … market success of new products. While we can confirm previous findings in terms of gains for innovation performance, we also …
Persistent link: https://www.econbiz.de/10011393147
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