asymmetric case, as they can change the order of entry. -- Innovation ; minimum quality standards ; novelty requirements … occur as firms' abilities as researchers change. Further, the authors observe differences in the social optimality of entry … play a role in correcting these suboptimal patterns of entry. The authors find that increasing the novelty requirement does …

the entry patterns we observe. Minimum quality standards and novelty requirements can play a role in correcting these … suboptimal patterns of entry. While minimum quality standards increase welfare for a large range of research abilities, we find … investment incentives of the initial innovator, contrary to much of the cumulative innovation literature. Indeed, as the effect …

A discussion is given of the problems involved in the formal modeling of the innovation process. The link between … innovation and finance is stressed. The nature of how the circular flow of funds is broken and the role of finance in evaluation …

This paper derives a three stage Cournot-oligopoly game for product innovation, expenditure on introducing the product … and competition on the product market. Product innovation is assumed to increase consumer utility but is effective only if … decide whether or not to conduct product innovation and then determine their expenditure for bringing the new product to the …