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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

R&D Cooperation and Spillovers: Some Empirical Evidence

Cassiman, Bruno; Veugelers, Reinhilde - C.E.P.R. Discussion Papers - 1999

information for the innovation process of the firm. Appropriability is defined as the effectiveness of several protection …

Persistent link: https://www.econbiz.de/10005662294

Procuring Innovation

Cabral, Luís M B; Cozzi, Guido; Denicolò, Vincenzo; … - C.E.P.R. Discussion Papers - 2006

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

Forbidden Fruits: The Political Economy of Science, Religion, and Growth

Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015

We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...

Persistent link: https://www.econbiz.de/10011262883

The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2006

Exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent firms, due to strategic product market effects....

Persistent link: https://www.econbiz.de/10005791605

Geographic Localization of International Technology Diffusion

Keller, Wolfgang - C.E.P.R. Discussion Papers - 2001

Convergence in per capita income across countries turns on whether technological knowledge spillovers are global or local in a large class of models. This Paper estimates the amount of spillovers from R&D expenditures in major industrialized countries on a geographic basis. A new data set is...

Persistent link: https://www.econbiz.de/10005124371

Beat 'Em or Join 'Em?: Export Subsidies Versus International Research Joint Ventures in Oligopolistic Markets

Neary, J Peter - C.E.P.R. Discussion Papers - 1998

This paper compares adversarial with cooperative industrial and trade policies in a dynamic oligopoly game in which a home and foreign firm compete in R&D and output and, because of spillovers, each firm benefits from the other’s R&D. When the government can commit to an export subsidy, such a...

Persistent link: https://www.econbiz.de/10005114211

How Broad Should the Scope of Patent Protection Be?

Klemperer, Paul - C.E.P.R. Discussion Papers - 1990

-focused patents are the socially efficient way to reward innovation, and also show when very short-lived but very broad patents are …

Persistent link: https://www.econbiz.de/10005656411

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

Venture Capital, Patenting, and Usefulness of Innovations

Fabrizi, Simona; Lippert, Steffen; Norbäck, Pehr-Johan; … - C.E.P.R. Discussion Papers - 2011

We analyze incentives to develop entrepreneurial ideas for venture capitalists (VCs) and incumbent firms. If VCs are sufficiently better at judging an idea's value and if it is sufficiently more costly to patent low than high value ideas, VCs acquire valuable ideas, develop them beyond the level...

Persistent link: https://www.econbiz.de/10009643508