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We show the effects of Bertrand and Cournot competition on R&D investmentand social welfare in a duopoly with R&D competition where success in R&D isprobabilistic. We show that R&D investments are higher under Bertrand (Cournot)competition when R&D productivities are sufficiently low (high), and...
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innovationsorientierten Regionalpolitik. Gegenstand des zweiten Themenblocks "Deregulierung und Wettbewerb" sind die Erfahrungen mit der … Reformstaaten sowie wettbewerbliche Ansätze in der Regionalförderung. Auch die Beiträge zum dritten Bereich "Verkehr" behandeln … schwerpunktmäßig die Organisation von Wettbewerb. Ein weiteres Thema ist hier die Zufriedenheitsdynamik bei gewerblichen …
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Schumpeter’s and Hayek’s view of market coordination as being not aboutefficiency, but about endogenous change and never-ending discovery has beenincreasingly recognized even by the mainstream of economics. Underlying this view isthe notion of creative learning agents who bring about...
Persistent link: https://www.econbiz.de/10005867738
Once a new technology has been invented, there is a credible threat of imitationwhen patents are long and imitation cost is low. When imitation is credible, the innovator hasan incentive to postpone technology adoption for relatively high cost of imitation. Thepossibility of licensing eliminates...
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