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The literature on research joint ventures (RJVs) has emphasized internalizing spillovers and cost-sharing as motives for RJV formation. In this paper we develop two additional explanations: product market complementarities and firm heterogeneity. We analyse a model of RJVs with asymmetric firms...
Persistent link: https://www.econbiz.de/10005662169
innovation. We exploit the observed pattern of contributions - the 'revealed preference' of developers - to infer the underlying …
Persistent link: https://www.econbiz.de/10005789146
effect of the composition of economic activity on innovation. We test whether the specialization of economic activity within … together complementary activities, better promotes innovation. The evidence provides considerable support for the diversity …
Persistent link: https://www.econbiz.de/10005662217
Only a few years ago the conventional wisdom predicted that globalization would render the demise of the region as a meaningful unit of economic analysis. Yet the obsession of policy-makers around the globe to 'create the next Silicon Valley' reveals the increased importance of geographic...
Persistent link: https://www.econbiz.de/10005661735
The growth process for a technological leader is different from that of a follower. While followers can grow through imitation and capital deepening, a leader must undertake original research. This suggests that as the gap between the leader and the follower narrows, the follower must undertake...
Persistent link: https://www.econbiz.de/10010604936
This Paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10005124380
information for the innovation process of the firm. Appropriability is defined as the effectiveness of several protection …
Persistent link: https://www.econbiz.de/10005662294
Fingold and Soskice (1988) argue that Britain is trapped in a "low-skills" equilibrium. In Redding (1996), this notion is formalized in a dynamic model which relies on strategic complementarities between firms' investments in R&D and workers' investments in human capital. In this paper, we...
Persistent link: https://www.econbiz.de/10005776252
We develop a model of two-stage cumulative research and development (R&D), in which one Research Unit (RU) with an innovative idea bargains to license her non-verifiable interim knowledge exclusively to one of two competing Development Units (DUs) via one of two alternative modes: an open sale...
Persistent link: https://www.econbiz.de/10005124391
potential suppliers generate and sell the most suitable innovation. Moreover, procurement by public agencies and large firms … the degree of competition between suppliers, as well as other more practical indirect ways to stimulate innovation. We … discuss the effects of standard setting activities by large, often public, procurers on innovation races. We evaluate how …
Persistent link: https://www.econbiz.de/10005791875