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We study a two-sided market where a platform attracts firms selling differentiated products and buyers interested in those products. In the unique subgame perfect equilibrium of the game, the platform fully internalizes the network externalities present in the market and firms and consumers all...
Persistent link: https://www.econbiz.de/10005144420
We study a two-stage R&D project with an abandonment option. Two types of uncertainty influence the decision to start R&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is modelled as a lottery between a decrease and...
Persistent link: https://www.econbiz.de/10005016252
, We show that, in presence of licensing, the incentive for innovation may also be stronger under decentralized unions …
Persistent link: https://www.econbiz.de/10005137228
data on 170 regions in Europe (NUTS 2 level) for the periods 1991-1995 and 2001-2005. Innovation outcomes are measured by … diffusion of innovation activity, and the spatial selectivity of immigrants' location choices, we take account of spatial …'s restaurants as a novel instrument for immigration. The results confirm that innovation is clearly a function of regio nal …
Persistent link: https://www.econbiz.de/10009201123
Portuguese strategic choices regarding innovation and R&D policy have, over the past two decades, produced various … firms' contribution to national and regional growth, their obstacles and impacts. For the purpose of this paper, innovation … the present performance of Portuguese firms located throughout the country and to explore those innovation determinants …
Persistent link: https://www.econbiz.de/10009201126
The importance of knowledge spillovers for achieving innovation and economic growth is widely recognized. It is not … this controversy using a model of regional growth. The model also deals with the impact of local competition on innovation …
Persistent link: https://www.econbiz.de/10005137071
We analyze the impact of obsolescence of economic inventions by incorporating maintenance costs in the endogenous growth model of expanding product varieties. This contrasts with the existing literature, which ignores maintenance costs and uses the model of quality improvements to describe...
Persistent link: https://www.econbiz.de/10005137353
Innovation and technological change are central to the quest for regional development. In the globally … structure characterised by its extent of specialisation, competition and diversity, to yield innovation and productivity growth … (diversity) and Porter externalities (competition) that have provided alternative explanations for innovation and urban growth …
Persistent link: https://www.econbiz.de/10005450786
effectiveness and efficiency of national and European innovation policies. Building on the literature on the knowledge production …
Persistent link: https://www.econbiz.de/10008838638
To account for the illegal nature of price-fixing agreements, detection probabilities are introduced in a dynamic oligopoly. It follows that for a trigger strategy to sustain a non-cooperative collusive equilibrium as a SPNE both the discount rate and all per-period detection probabilities have...
Persistent link: https://www.econbiz.de/10005144508