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Creative Destruction and Productive Preemption

Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - C.E.P.R. Discussion Papers - 2011

We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is …

Persistent link: https://www.econbiz.de/10008865973

The Organization of the Innovation Industry: Entrepreneurs, Venture Capitalists and Oligopolists

Norbäck, Pehr-Johan; Persson, Lars - C.E.P.R. Discussion Papers - 2006

Exit of venture-backed firms often takes place through sales to large incumbent firms. We show that in such an environment, venture-backed firms have a stronger incentive to develop basic innovations into commercialized innovations than incumbent firms, due to strategic product market effects....

Persistent link: https://www.econbiz.de/10005791605

Leveraging Monopoly Power by Degrading Interoperability: Theory and evidence from computer markets

Genakos, Christos D.; Kühn, Kai-Uwe; Van Reenen, John - C.E.P.R. Discussion Papers - 2011

When will a monopolist have incentives to foreclose a complementary market by degrading compatibility/interoperability of his products with those of rivals? We develop a framework where leveraging extracts more rents from the monopoly market by 'restoring' second degree price discrimination. In...

Persistent link: https://www.econbiz.de/10009209834

Reallocation and Technology: Evidence from the U.S. Steel Industry

Collard-Wexler, Allan; De Loecker, Jan - C.E.P.R. Discussion Papers - 2013

We measure the impact of a drastic new technology for producing steel, the minimill, on the aggregate productivity of U.S. steel producers, using unique plant-level data between 1963 and 2002. We find that the sharp increase in the industry's productivity is linked to this new technology, and...

Persistent link: https://www.econbiz.de/10011083447

R&D Alliances as Non-cooperative Supergames

Cabral, Luís M B - C.E.P.R. Discussion Papers - 1996

R&D alliances (Research Joint Ventures or other institutional forms) normally involve repeated, non-contractible actions (investments in R&D), and uncertainty regarding both success and the termination date. Accordingly, we model these agreements as equilibria of infinite-period supergames. Our...

Persistent link: https://www.econbiz.de/10005136561

Industrial Organization and the New Industrial Policy

Audretsch, David B - C.E.P.R. Discussion Papers - 1998

The purpose of this paper is to try to shed some new light on the current industrial policy crisis. This paper proposes that the industrial policy debate is shaped by knowledge about the functioning of the underlying industrial structure, which in turn is the Gegenstand of scholars in the field...

Persistent link: https://www.econbiz.de/10005136586

The Diffusion of Mobile Telecommunications Services in the European Union

Gruber, Harald; Verboven, Frank - C.E.P.R. Discussion Papers - 1999

We study the determinants of the diffusion of mobile telecommunications services in the European Union in a logistic model of technology diffusion. We find that the transition from the analogue to the digital technology during the early nineties, and the corresponding increase in spectrum...

Persistent link: https://www.econbiz.de/10005498190

Patents, Imitation and Licensing in an Asymmetric Dynamic R&D Race

Fershtman, Chaim; Markovich, Sarit - C.E.P.R. Discussion Papers - 2006

arrangement on the speed of innovation, firm value and consumers' surplus. The paper demonstrates the circumstances under which a … surplus than a regime that awards patent for the final innovation. This result holds even in cases where the length of the …

Persistent link: https://www.econbiz.de/10005114234

The Territorial Dynamics Of Innovation In China And India

Crescenzi, Riccardo; Rodriguez-Pose, Andres; Storper, … - C.E.P.R. Discussion Papers - 2012

This paper analyses the geography of innovation in China and India. Using a tailor-made panel database for regions in … and technology. Indian innovation hubs also generate positive knowledge spillovers to other regions. … between the provinces and states within both countries are quite different. In China, the concentration of innovation is …

Persistent link: https://www.econbiz.de/10011083752

Innovation and spatial inequality in Europe and USA

Lee, Neil; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2012

Innovation is a crucial driver of urban and regional economic success. Innovative cities and regions tend to grow … evidence of a link between innovation and inequality in European regions, but only limited evidence of such a relationship in … small body of innovators gain relative to others, innovation may lead to inequality. The evidence on this point is …

Persistent link: https://www.econbiz.de/10011083831

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