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Almost 30 years ago, researchers began a systematic study of innovation by end users and user firms. At that time, the … phenomenon was generally regarded as a minor oddity. Today, it is clear that innovation by users, generally openly shared, is a … technologies. It is becoming both an important rival to and an important feedstock for producer-centered innovation in many fields …
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disaggregates "R" from "D" to study how US firms adjust their innovation investments in response to an external increase in funding …
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Open banking (OB) empowers bank customers to share transaction data with fintechs and other banks. 49 countries have adopted OB policies. Consumer trust in fintechs predicts OB policy adoption and adoption spurs investment in fintechs. UK microdata shows that OB enables: i) consumers to access...
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literature, which focuses only on the level of investment in innovation, this model captures both the variety of research …
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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
This paper formulates a duopoly model of firms concerned with relative profits as well as their own profits and investigates the relationship between the degree of competitiveness in a market and R&D expenditure. We find a non-monotone relationship between the two variables. When the duopoly...
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This paper studies the diffusion of a new technology that is brought to market while its potential is still uncertain. We consider a dynamic game in which an incumbent and a startup firm improve both a new and a rival old technology while learning about the relative potential of both...
Persistent link: https://www.econbiz.de/10005069644