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literature, which focuses only on the level of investment in innovation, this model captures both the variety of research …
Persistent link: https://www.econbiz.de/10009761734
Contrary to most of the literature, which focuses only on the level of investment in innovation, this paper examines …
Persistent link: https://www.econbiz.de/10010402613
Using a simple but general two-stage framework, this paper identifies the circumstances under which increasing competition leads to more cost-reducing investments. The framework can, for instance, capture increasing substitutability for different types of oligopoly models or changes from Cournot...
Persistent link: https://www.econbiz.de/10011051617
This paper examines the impact of the conglomerate form on the scale and novelty of corporate Research and Development (R&D) activity. I exploit a quasi-experiment involving failed mergers to generate exogenous variation in acquisition outcomes of target firms. A difference-in-differences...
Persistent link: https://www.econbiz.de/10010737667
This Paper examines the effect of price competition on innovation, market structure and profitability in R …&D-intensive industries. The theoretical predictions are tested using UK data on the evolution of competition, concentration, innovation …
Persistent link: https://www.econbiz.de/10005666839
Persistent link: https://www.econbiz.de/10012387349
research and incentives for innovation. We then summarize the pricing and marketing of drugs in the US and several other …
Persistent link: https://www.econbiz.de/10014025576
concentration upon innovation, focusing on robust findings, questions of interpretation, and the identification of major gaps. We … also consider the more modest literature that considers the effect on innovation of firm characteristics other than size …
Persistent link: https://www.econbiz.de/10014025172
the innovation theory of Industrial Organization. In a two-industry model we formalize the effects of R …
Persistent link: https://www.econbiz.de/10009205318
Based on an extended game-theoretic innovation-race model, we derive some Schumpeterian hypotheses of the impact of … innovations. Using innovation data at the firm level in the German industrial sector, we estimate various versions of an … econometric specification of the model with dichotomous innovation data by using a univariate binary probit model with qualitative …
Persistent link: https://www.econbiz.de/10005626944