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This paper presents an experimental study of dynamic indefinite horizon R&D races with uncertainty and multiple prizes. The theoretical predictions are highly sensitive: small parameter changes determine whether technological competition is sustained, or converges into a market structure with an...
Persistent link: https://www.econbiz.de/10010290528
This paper presents an experimental study of dynamic indefinite horizon R&D races with uncertainty and multiple prizes. The theoretical predictions are highly sensitive: small parameter changes determine whether technological competition is sustained, or converges into a market structure with an...
Persistent link: https://www.econbiz.de/10005150908
This paper presents an experimental study of dynamic indefinite horizon R&D races with uncertainty and multiple prizes. The theoretical predictions are highly sensitive: small parameter changes determine whether technological competition is sustained, or converges into a market structure with an...
Persistent link: https://www.econbiz.de/10010552256
This paper presents an experimental study of dynamic indefinite horizon R and D races with uncertainty and multiple prizes. The theoretical predictions are highly sensitive: small parameter changes determine whether technological competition is sustained, or converges into a market structure...
Persistent link: https://www.econbiz.de/10005001434
This paper analyzes a two-person, two-stage model of sequential exploration, where both information and payoff externalities exist, and tests the derived hypotheses in the laboratory. We theoretically show that even when agents are self-interested and perfectly rational, the information...
Persistent link: https://www.econbiz.de/10014103707
, personality traits and innovation game behavior in the lab are interrelated. With the help of a within-subject design we find that … participants' performance in the innovation games is in fact related to their creativity, risk tolerance and self-control. Other …, and the same is true for participants' analytical skills. -- Creativity ; personality traits ; innovation games …
Persistent link: https://www.econbiz.de/10009374335
Economic research on innovation has long discussed which policy instruments best foster innovativeness in individuals … and organizations. One of the instruments easily accessible to policy-makers is innovation contests; however, there is … analyzing the effects of two different innovation contests on subjects ́innovativeness: a prize for the aggregate innovativeness …
Persistent link: https://www.econbiz.de/10011285459
Innovation economics is usually neglecting the psychological tradition of creativity research. Our study is an attempt … skills and personality traits on the one hand and innovative capability, the topic of innovation economics, on the other hand … are interrelated. We find that participants' performance in innovation games is related to their creativity, risk …
Persistent link: https://www.econbiz.de/10009581211
evidence from a laboratory experiment. In a creative real effort task simulating the innovation process, two distinct means of …
Persistent link: https://www.econbiz.de/10011383126
evidence from a laboratory experiment. In a creative real effort task simulating the innovation process, two distinct means of …
Persistent link: https://www.econbiz.de/10012970651