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Why Firms Form Research Joint Ventures: Theory and Evidence

Röller, Lars-Hendrik; Siebert, Ralph; Tombak, Mihkel - C.E.P.R. Discussion Papers - 1997

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

The Impact of R&D Subsidies on the Introduction of New Products by Incumbent Firms

Siebert, Ralph - C.E.P.R. Discussion Papers - 2003

This Paper analyses the impact of R&D subsidies on incumbent firms to introduce new goods. We are especially interested in investigating various consequences of government subsidies for R&D, provided to firms that offer products of different qualities. This study examines the incentives of...

Persistent link: https://www.econbiz.de/10005504784

Strategic Choice of Partners: Research Joint Ventures and Market Power

Röller, Lars-Hendrik; Siebert, Ralph; Tombak, Mihkel - C.E.P.R. Discussion Papers - 2000

The literature on research joint ventures (RJVs) has emphasized internalizing spillovers and cost-sharing as motives for RJV formation. In this paper we develop an additional explanation: the incentive to exclude rivals in order to gain market power. We illustrate this effect in a simple model...

Persistent link: https://www.econbiz.de/10005661644

Employment Protection Legislation, Multinational Firms and Innovation

Griffith, Rachel; Macartney, Gareth - C.E.P.R. Discussion Papers - 2010

The theoretical effects of labour regulations such as employment protection legislation (EPL) on innovation is … technologically advanced innovation. In this paper we find empirical evidence that both effects are at work - multinational … innovation in countries with low EPL. …

Persistent link: https://www.econbiz.de/10008530372

Product Market Reform and Innovation in the EU

Griffith, Rachel; Harrison, Rupert; Simpson, Helen - C.E.P.R. Discussion Papers - 2006

, innovation and economic growth. We provide empirical evidence that the reforms carried out under the EU Single Market Programme … with a subsequent increase in innovation intensity and productivity growth for manufacturing sectors. In our analysis we … reforms on average profitability, and the effects of profitability on innovation and productivity growth. …

Persistent link: https://www.econbiz.de/10005136744

How Licensing Resolves Hold-Up: Evidence from a Dynamic Panel Data Model with Unobserved Heterogeneity

Siebert, Ralph; von Graevenitz, Georg - C.E.P.R. Discussion Papers - 2006

This paper is a study of licensing in a patent thicket. In a patent thicket licensing allows firms to avoid hold-up. It will have different effects on firms' R&D incentives depending on whether firms license existing or future patents. Building on a model of a patent portfolio race, firms'...

Persistent link: https://www.econbiz.de/10005504462

The Effects of Entry on Incumbent Innovation and Productivity

Aghion, Philippe; Blundell, Richard William; Griffith, … - C.E.P.R. Discussion Papers - 2005

How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that … sectors which differ by their distance to the technological frontier. We show that entry threat spurs innovation incentives in … technologically advanced sectors - successful innovation allows incumbents to prevent entry. In laggard sectors it discourages …

Persistent link: https://www.econbiz.de/10005114280

Jostling for Advantage: Licensing and Entry into Patent Portfolio Races

Siebert, Ralph; von Graevenitz, Georg - C.E.P.R. Discussion Papers - 2006

Licensing in a patent thicket allows firms to either avoid or resolve hold-up. Firms’ R&D incentives depend on whether they license ex ante or ex post. We develop a model of a patent portfolio race, which allows for endogenous R&D efforts, to study firms’ choice between ex ante and ex post...

Persistent link: https://www.econbiz.de/10005661516

Incentives and Managerial Experience in Multi-Task Teams: Evidence from Within a Firm

Griffith, Rachel; Neely, Andrew - C.E.P.R. Discussion Papers - 2007

This paper exploits a quasi-experimental setting to estimate the impact that a multi-dimensional group incentive scheme had on branch performance in a large distribution firm. The scheme, which is based on the Balanced Scorecard, was implemented in all branches in one division, but not in...

Persistent link: https://www.econbiz.de/10005662113

Corporate taxes and the location of intellectual property

Griffith, Rachel; Miller, Helen; O'Connell, Martin - C.E.P.R. Discussion Papers - 2011

The literature suggests that tax rates on mobile activities should fall to zero. Intellectual property is very mobile and has grown in importance. Firms can use intellectual property to shift income offshore and reduce their corporate income tax liability. Yet most intellectual property is held...

Persistent link: https://www.econbiz.de/10009644034