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We examine the interplay of endogenous vertical integration and cost-reducing downstream investment in successive oligopoly. We start from a linear Cournot model to motivate our more general reduced-form framework. For this general framework, we establish the following main results: First,...
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future upstream entry cannot be discouraged; or (b) it also deters future upstream entry by weakening competition for the …
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) competition in the development and marketing of the resulting product. The competitive interactions that occur substantially … these interactions. Implementation of the model shows that competition in R&D, in general, not only increases production and …
Persistent link: https://www.econbiz.de/10013115937
What is the interaction between competition, R&D investments, and the financing choices of R&D-intensive firms …? Motivated by existing theories, we hypothesize that as competition increases, R&D-intensive firms will: (1) increase R … industries, as well as heterogeneity within the biopharma industry, in response to an exogenous change in competition. We also …
Persistent link: https://www.econbiz.de/10012937531
The interaction between product market competition, R&D investment, and the financing choices of R&D-intensive firms on … interaction, we develop a model which predicts that as competition increases, R&D-intensive firms will: (1) increase R … the Hatch-Waxman Act as an exogenous shock to competition, we provide causal evidence which supports these hypotheses …
Persistent link: https://www.econbiz.de/10013249274
) competition in the development and marketing of the resulting product. The competitive interactions that occur substantially … these interactions. Implementation of the model shows that competition in R&D, in general, not only increases production and …
Persistent link: https://www.econbiz.de/10012468435
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We refine modelling of the radical innovation decision in this paper by extending real option theory to include non … option theory ; technology …
Persistent link: https://www.econbiz.de/10009729702