The impact of piracy on innovation in the presence of technological and market uncertainty
With a single innovating firm facing only technological uncertainty, piracy unambiguously retards innovation. However, with R&D competition where firms face both market and technological uncertainties, we show that if the two firms differ "significantly" with respect to the efficiency in R&D investment, then piracy increases the R&D investment of the less efficient firm and reduces that of the more efficient firm. In this case piracy enhances the overall probability of a successful innovation.
Year of publication: |
2010
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Authors: | Banerjee, Dyuti ; Chatterjee, Ishita |
Published in: |
Information Economics and Policy. - Elsevier, ISSN 0167-6245. - Vol. 22.2010, 4, p. 391-397
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Publisher: |
Elsevier |
Keywords: | Innovation Market uncertainty R& D race Technological uncertainty |
Saved in:
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