Showing 1 - 9 of 9
Persistent link: https://www.econbiz.de/10010843289
We examine the effects of market structure and the internal organization of firms on equilibrium R&D projects. We compare a monopolist’s choice of R&D portfolio to that of a welfare maximizer. We next show that Sah and Stiglitz’s finding that the market portfolio of R&D is...
Persistent link: https://www.econbiz.de/10011131480
We examine the effects of market structure and the internal organization of firms on equilibrium R&D projects. We compare a monopolist’s choice of R&D portfolio to that of a welfare maximizer. We next show that Sah and Stiglitz’s finding that the market portfolio of R&D is...
Persistent link: https://www.econbiz.de/10011131702
We consider innovation incentives in markets where final goods comprise two strictly complementary components, one of … innovation is important. We explore ways in which the monopoly may have incentives to confiscate efficiency rents in the … competitive sector, thus weakening or destroying incentives for independent innovation. We discuss how these problems are affected …
Persistent link: https://www.econbiz.de/10010538440
Physical telecom networks are costly and few, traditionally to the point of monopoly. Innovation thrives with many … service innovation efficiently. But this incentive breaks down ex post as M can extract an independent J’s quasi …) purports to get the best of both worlds (BoBW). But it seems so hard to implement in innovation markets that one might construe …
Persistent link: https://www.econbiz.de/10011131486
Physical telecom networks are costly and few, traditionally to the point of monopoly. Innovation thrives with many … service innovation efficiently. But this incentive breaks down ex post as M can extract an independent J’s quasi …) purports to get the best of both worlds (BoBW). But it seems so hard to implement in innovation markets that one might construe …
Persistent link: https://www.econbiz.de/10011131693
Physical telecom networks are costly and few, traditionally to the point of monopoly. Innovation thrives with many … service innovation efficiently. But this incentive breaks down ex post as M can extract an independent J’s quasi …) purports to get the best of both worlds (BoBW). But it seems so hard to implement in innovation markets that one might construe …
Persistent link: https://www.econbiz.de/10011131695
Physical telecom networks are costly and few, traditionally to the point of monopoly. Innovation thrives with many … service innovation efficiently. But this incentive breaks down ex post as M can extract an independent J's quasi …) purports to get the best of both worlds (BoBW). But it seems so hard to implement in innovation markets that one might construe …
Persistent link: https://www.econbiz.de/10005134558
We consider innovation incentives in markets where final goods comprise two strictly complementary components, one of … innovation is important. We explore ways in which the monopoly may have incentives to confiscate efficiency rents in the … competitive sector, thus weakening or destroying incentives for independent innovation. We discuss how these problems are affected …
Persistent link: https://www.econbiz.de/10005556060