In a dynamic environment where underlying competition is "for the market," this paper examines what happens when … incumbents and entrants in a cumulative innovation environment; that is, entrants may not be adequately compensated for losses in …

) competition in the development and marketing of the resulting product. The competitive interactions that occur substantially … these interactions. Implementation of the model shows that competition in R&D, in general, not only increases production and …

lead to the innovation sought, others result in dead ends. Because firms benefit from their competitors working in the …. The risky arm could potentially lead to a dead end and the safe arm introduces further competition to make firms keep …

We study how competition between two downstream firms affects an upstream innovator's innovation strategy, which … upstream innovation: at low levels of competition, market-wide licensing is optimal and competition reduces innovation, while … at high levels of competition targeted licensing is optimal and competition increases innovation. Empirical analysis …

motivation for using a market value equation to price knowledge assets is discussed and the theory behind this equation is …

While policymakers often assume venture capital has a profound impact on innovation, that premise has not been … measures of innovation are used in a sample of 530 venture-backed and non-venture-backed firms …

This paper studies the links between productivity, innovation and research at th level. We introduce three new features …: (i) A structural model that explains pro by innovation output, and innovation output by research investment; (ii) New dat … the available data: only a small proportion of firms engage in resea apply for patents; productivity, innovation and …

We present a model of endogenous firm growth with R&D investment and innovation as the engine of growth. The objective …