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China's Government-Set Patent Targets and Performance Indicators: Boosting Numbers or Innovation?
Prud'homme, Dan - Volkswirtschaftliche Fakultät, … - 2012
underlying inventions – i.e., their ability to be transformed into something useful and thus constitute innovation. And this is …-think these approaches as ways to stimulate innovation in China. …
Persistent link: https://www.econbiz.de/10011258904
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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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Does innovation matter for Chinese hightech exports? a firm-level analysis
Fu, Dahai; Wu, Yanrui; Tang, Yihong - Volkswirtschaftliche Fakultät, … - 2010
This paper analyzes the role of innovation activities in the export participation of Chinese high-tech firms during the … firm-level innovation efforts, measured by R&D and product innovation dummies, play only a minor role for domestic … exporters. Foreign-invested firms dominate the high-tech exports but do not rely on indigenous innovation activities. These …
Persistent link: https://www.econbiz.de/10009203610
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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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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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Jostling for Advantage: Licensing and Entry into Patent Portfolio Races
Siebert, Ralph; Graevenitz, Georg von - Volkswirtschaftliche Fakultät, … - 2006
Licensing in a patent thicket allows firms to either avoid or resolve hold-up. Firms' R&D incentives depend on whether they license ex ante or ex post. We develop a model of a patent portfolio race, which allows for endogenous R&D efforts, to study firms' choice between ex ante and ex post...
Persistent link: https://www.econbiz.de/10005739702
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Drivers of change or cut-throat competitors? Challenging Cultures of Innovation of Chinese and Nigerian migrant entrepreneurs in West Africa
Kohnert, Dirk - Volkswirtschaftliche Fakultät, … - 2010
The remarkable influx of Chinese migrant entrepreneurs in different West African countries in recent years has been met with growing resistance by established local entrepreneurs. Whether the former have a competitive edge over the latter because of distinctive socio-cultural traits, or whether...
Persistent link: https://www.econbiz.de/10008568371
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How rules and procedures for reviewing patent applications and those for enforcing patents can hamper patent quality and innovation in China
Prud'homme, Dan - Volkswirtschaftliche Fakultät, … - 2012
somewhat discourage building of quality patents and related innovation in China. …
Persistent link: https://www.econbiz.de/10011108770
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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