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Internal Capital Markets, Cross-Subsidization and Product Market Competition

Cestone, Giacinta; Fumagalli, Chiara - C.E.P.R. Discussion Papers - 2001

This Paper analyses the interaction between internal capital market allocations and product market competition. It is argued that diversification and divestiture are both rational responses to anticipated changes in the competitive environment. Diversification is the optimal response to an...

Persistent link: https://www.econbiz.de/10005791317

The relation between competition and innovation -- Why is it such a mess?

Schmutzler, Armin - C.E.P.R. Discussion Papers - 2010

Using a general two-stage framework, this paper gives sufficient conditions for increasing competition to have negative or positive effects on R&D-investment, respectively. Both possibilities arise in plausible situations, even if one uses relatively narrow definitions of increasing competition....

Persistent link: https://www.econbiz.de/10008468679

Incidence and Growth of Patent Thickets - The Impact of Technological Opportunities and Complexity

Harhoff, Dietmar; von Graevenitz, Georg; Wagner, Stefan - C.E.P.R. Discussion Papers - 2008

We investigate incidence and evolution of patent thickets. Our empirical analysis is based on a theoretical model of patenting in complex and discrete technologies. The model captures how competition for patent portfolios and complementarity of patents affect patenting incentives. We show that...

Persistent link: https://www.econbiz.de/10005123536

Conflict Resolution, Public Goods and Patent Thickets

Harhoff, Dietmar; von Graevenitz, Georg; Wagner, Stefan - C.E.P.R. Discussion Papers - 2013

Post-grant validity challenges at patent offices rely on the private initiative of third parties to correct mistakes made by patent offices. We hypothesize that incentives to bring post-grant validity challenges are reduced when many firms benefit from revocation of a patent and when firms are...

Persistent link: https://www.econbiz.de/10011083866

To Be Financed or Not… - The Role of Patents for Venture Capital Financing

Haeussler, Carolin; Harhoff, Dietmar; Mueller, Elisabeth - C.E.P.R. Discussion Papers - 2009

This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncertainty and therefore rely on patents as signals when trying to assess the prospects of...

Persistent link: https://www.econbiz.de/10005662179

Networks of Relations and Social Capital

Lippert, Steffen; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2005

We model networks of relational (or implicit) contracts, exploring how sanctioning power and equilibrium conditions … and in-network information transmission as well as conditions under which stable sub-networks inhibit more valuable larger … networks. The model provides formal definitions for individual and communities’ ‘social capital’ in the spirit of Coleman and …

Persistent link: https://www.econbiz.de/10005114333

Do R&D Credits Work? Evidence From A Panel Of Countries 1979-97

Bloom, Nicholas; Griffith, Rachel; Van Reenen, John - C.E.P.R. Discussion Papers - 2000

This paper examines the impact of fiscal incentives on the level of R&D investment. An econometric model of R&D investment is estimated using a new panel of data on tax changes and R&D spending in nine OECD countries over a nineteen-year period (1979-1996). We find evidence that tax incentives...

Persistent link: https://www.econbiz.de/10005789018

Does Microsoft Stifle Innovation? Dominant Firms, Imitation and R&D Incentives

Cabral, Luís M B; Polak, Ben - C.E.P.R. Discussion Papers - 2004

We provide a simple framework to analyse the effect of firm dominance on incentives for R&D. An increase in firm dominance, which we measure by a premium in consumer valuation, increases the dominant firm's incentives and decreases the rival firm's incentives for R&D. These changes influence the...

Persistent link: https://www.econbiz.de/10005789049

Innovation and Competitive Pressure

Vives, Xavier - C.E.P.R. Discussion Papers - 2004

I analyse the effects of competition on R&D effort (in a non-tournament context) and obtain robust results that hold for a variety of market structures, including markets with and without barriers to entry and markets characterized by either price or quantity competition. The approach...

Persistent link: https://www.econbiz.de/10005791300

Symmetrical Research Joint Ventures: Cooperative Substitutes and Complements

Leahy, Dermot; Neary, J Peter - C.E.P.R. Discussion Papers - 2004

We introduce the concept of cooperative substitutes and complements, and use it to throw light on the conditions for a research joint venture to choose equal levels of R&D by all member firms. We show that the second-order conditions for a symmetric optimum take a particularly simple form,...

Persistent link: https://www.econbiz.de/10005792122

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