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The paper analyzes the effects of more intense competition on firms'incentives to invest in process innovations. We carry out experiments for two-stage games, where R&D investment choices are followed by product market competition. As predicted by theory, an increase in the number of firms from...
Persistent link: https://www.econbiz.de/10005756593
price competition. Both stages of the game are implemented in a laboratory experiment and the obtained results support the …
Persistent link: https://www.econbiz.de/10005756627
environments, we use a laboratory experiment in which we form groups and assign leadership roles at random. We study an environment … behavior. Moreover, appointing leaders who are likely to have acted dishonestly in a preliminary stage of the experiment yields …
Persistent link: https://www.econbiz.de/10010817253