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Reputational Herding in Financial Markets: A Laboratory Experiment

Roider, Andreas; Voskort, Andrea - CESifo - 2015

We study reputational herding in financial markets in a laboratory experiment. In the spirit of Dasgupta and Prat (2008 …

Persistent link: https://www.econbiz.de/10011122679

Cutting too Close? Design Protection and Innovation in Fashion Goods

Hackett, Petal Jean - CESifo - 2012

Continued lobbying by high-end, American designers for intellectual property-type fashion design protection has culminated in the proposed Innovative Design Protection and Piracy Prevention Act, intended to introduce EU standards. Using a sequential, 2-firm, vertical differentiation framework,...

Persistent link: https://www.econbiz.de/10009645656

Universal Intellectual Property Rights: Too Much of a Good Thing?

Auriol, Emmanuelle; Biancini, Sara; Paillacar, Rodrigo - CESifo - 2013

This paper studies the incentives that developing countries have to protect intellectual properties rights (IPR). On the one hand, free-riding on rich countries technology reduces their investment cost in R&D. On the other hand, firm that violates IPR cannot legally export in a country that...

Persistent link: https://www.econbiz.de/10010670798

The Open Method of Coordination (OMC) as an Evolutionary Learning Process

Ania, Ana B.; Wagener, Andreas - CESifo - 2009

We interpret the Open Method of Coordination (OMC), recently adopted by the EU as a mode of governance in the area of social policy and other fields, as an imitative learning dynamics of the type considered in evolutionary game theory. The best-practise feature and the iterative design of the...

Persistent link: https://www.econbiz.de/10005000398

Choosing Intellectual Protection: Imitation, Patent Strength and Licensing

Encaoua, David; Lefouili, Yassine - CESifo - 2006

This paper investigates the choice of an intellectual protection regime for a process innovation. We set up a multi-stage model in which choosing between patent and trade secrecy is affected by three parameters : the patent strength defined as the probability that the right is upheld by the...

Persistent link: https://www.econbiz.de/10005181619

Imitation and the Evolution of Walrasian Behavior: Theoretically Fragile but Behaviorally Robust

Apesteguia, Jose; Huck, Steffen; Oechssler, Jörg; … - CESifo - 2008

A well-known result by Vega-Redondo (1997) implies that in symmetric Cournot oligopoly, imitation leads to the …

Persistent link: https://www.econbiz.de/10005196312

Imitation - Theory and Experimental Evidence

Alpesteguia, Jose; Huck, Steffen; Oechssler, Jörg - CESifo - 2003

We introduce a generalized theoretical approach to study imitation models and subject themodels to rigorous … experimental testing. In our theoretical analysis we find that the differentpredictions of previous imitation models are due to …. In alaboratory experiment we test the different theories by systematically varying informationconditions. We find that …

Persistent link: https://www.econbiz.de/10005196313

Technological Imitation and Innovation in New European Union Markets

Uzagalieva, Ainura; Kocenda, Evžen; Menezes, Antonio - CESifo - 2010

We analyze the role of imitation and innovation in promoting technological progress in new members of European Union …: the Czech Republic, Hungary, Poland and Slovakia. The two modes of technological development—innovation and imitation …

Persistent link: https://www.econbiz.de/10008572493

Competition, Imitation, and R&D Productivity in a Growth Model with Sector-Specific Patent Protection

Mosel, Malte - CESifo - 2010

Recent empirical studies suggest a need for a flexible patent regime responding to industry characteristics. In practice, sector-specific modifications of patent strength already exist but lack theoretical foundation. This paper intends to make up for this neglect by scrutinizing in what...

Persistent link: https://www.econbiz.de/10008572561

How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?

Herz, Holger; Schunk, Daniel; Zehnder, Christian - CESifo - 2013

Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...

Persistent link: https://www.econbiz.de/10010877694