Showing 1 - 10 of 168,336
The imperfect appropriability of revenues from innovation affects the incentives of firms to invest, and to disclose … information about their innovative productivity. It creates a free-rider effect in the competition for the innovation that … emerges for extreme revenue spillovers (e.g., full protection and no protection of intellectual property), but either partial …
Persistent link: https://www.econbiz.de/10010285360
strategic disclosure for the firms.profits and the probability of innovation. -- externality ; free-rider effect ; information … disclosure ; Innovation ; R&D ; competition ; spillovers ; strategic substitutes …The imperfect appropriability of revenues from innovation affects the incentives of firms to invest, and to disclose …
Persistent link: https://www.econbiz.de/10003862257
Firms in an R&D race actively manage rivals’ beliefs by disclosing and concealing information on their cost of investment. The firms’ disclosure strategies affect their incentives to invest in R&D, and to acquire information. We compare equilibria under voluntary disclosure with those under...
Persistent link: https://www.econbiz.de/10010278143
Firms in an R&D race actively manage rivals’ beliefs by disclosing and concealinginformation on their cost of investment. The firms’ disclosure strategies affect theirincentives to invest in R&D, and to acquire information. We compare equilibria undervoluntary disclosure with those under...
Persistent link: https://www.econbiz.de/10005772954
The paper analyzes how spillovers in the product market affect the incentives of firms to reveal information about … their innovative productivity. Such spillovers create a free-rider effect in the patent race that countervails the familiar … spillovers firms fully disclose, but for intermediate spillovers firms either partially disclose or conceal all information …
Persistent link: https://www.econbiz.de/10014072686
Firms in an R&D race actively manage rivals' beliefs by disclosing and concealing information on their cost of investment. The firms' disclosure strategies affect their incentives to invest in R&D, and to acquire information. We compare equilibria under voluntary disclosure with those under...
Persistent link: https://www.econbiz.de/10010278134
Firms in an R&D race actively manage rivals’ beliefs by disclosing and concealinginformation on their cost of investment. The firms’ disclosure strategies affect theirincentives to invest in R&D, and to acquire information. We compare equilibria undervoluntary disclosure with those under...
Persistent link: https://www.econbiz.de/10005772900
The rise of the network as a form of economic organization renders problematic our standard understanding of how capitalism is governed. As the governance of production shifts from vertical integration to horizontal contract, a puzzle arises: how do contracts, presumed to be susceptible to...
Persistent link: https://www.econbiz.de/10012721209
increases the number of high-quality ideas produced and is thus desirable for a principal seeking innovation …
Persistent link: https://www.econbiz.de/10012904135
innovation. The firm's disclosure strategy results from the trade-off between two effects on product market incentives. First …
Persistent link: https://www.econbiz.de/10010261185