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National Innovation System in the Era of Liberalization: Implications for Science and Technology Policy for Developing Economies
Singh, Lakhwinder; Singh, Baldev - Volkswirtschaftliche Fakultät, … - 2009
of the developing and newly industrializing economies shows that national systems of innovation have evolved keeping in … two essential characteristics of national innovation system that connects the users and producers of knowledge and also … rights on the other. How these arrangements have affected the national system of innovation both in the developed and …
Persistent link: https://www.econbiz.de/10004992044
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Unorganised Manufacturing Industry in the Era of Globalization: A Study of Punjab
Singh, Lakhwinder; Jain, Varinder - Volkswirtschaftliche Fakultät, … - 2006
The recent developments in the theory of industrial organisation have underlined the importance of small scale industry. Small industry can be equally competitive in the fast changing global economy provided it exploits economies of scale and scope while locating itself in clusters along with...
Persistent link: https://www.econbiz.de/10005836781
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Security bid auctions for agency contracts
Jun, Byoung Heon; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2012
A principal uses security bid auctions to award an incentive contract to one among several agents, in the presence of hidden action and hidden information. Securities range from cash to equity and call options. “Steeper†securities are better surplus extractors that narrow the gap...
Persistent link: https://www.econbiz.de/10010556730
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License Auctions with Royalty Contracts for Losers
Giebe, Thomas; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2006
This paper revisits the standard analysis of licensing a cost reducing innovation by an outside innovator to a Cournot …
Persistent link: https://www.econbiz.de/10005785795
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Auctioning Process Innovations when Losers’ Bids Determine Royalty Rates
Fan, Cuihong; Jun, Byoung Heon; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2009
We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to those who lose the auction. Firms’ bids are dual signals of their cost reductions: the winning bid signals the own cost reduction to rival oligopolists, whereas the losing...
Persistent link: https://www.econbiz.de/10008501954
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Licensing a common value innovation when signaling strength may backfire
Fan, Cuihong; Jun, Byoung Heon; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2010
This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing …
Persistent link: https://www.econbiz.de/10008501956
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Prizes and Lemons: Procurement of Innovation under Imperfect Commitment
Ding, Wei; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2009
The literature on R&D contests implicitly assumes that contestants submit their innovation regardless of its value …
Persistent link: https://www.econbiz.de/10004980378
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License Auctions with Royalty Contracts for (Winners and) Losers
Giebe, Thomas; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2007
This paper revisits the licensing of a non–drastic process innovation by an outside innovator to a Cournot oligopoly …
Persistent link: https://www.econbiz.de/10005739670
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Optimal bid disclosure in license auctions with downstream interaction
Fan, Cuihong; Jun, Byoung Heon; Wolfstetter, Elmar G. - Volkswirtschaftliche Fakultät, … - 2014
The literature on license auctions for process innovations in oligopoly assumed that the auctioneer reveals the winning bid and stressed that this gives firms an incentive to signal strength through their bids, to the benefit of the innovator. In the present paper we examine whether revealing...
Persistent link: https://www.econbiz.de/10011140993
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Globalization, national innovation systems and response of public policy
Singh, Lakhwinder - Volkswirtschaftliche Fakultät, … - 2006
Abstract This paper attempts to set the significance of public innovation policies in contemporary developing countries … investment expenditure on innovation projects is likely to be low if left in the hands of private economic agents as they have a … takes seriously the importance of investment in innovation projects. This has not been without far-reaching implications for …
Persistent link: https://www.econbiz.de/10005621828