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Dynamic Mergers Effects on R&D Investments and Drug Development Across Research Phases in the Pharmaceutical Industry

Siebert, Ralph - 2020

Pharmaceutical firms spend increasing amounts in mergers and acquisitions (M&As), which raises the question of whether sufficient investment is left after mergers to further develop firms' internal drug development capability. We evaluate the effects of M&As on firms' post-merger R&D investments...

Persistent link: https://www.econbiz.de/10012833741

Race Meets Bargaining in Product Development

Karagözoğlu, Emin - 2020

We introduce a model of product development in a firm. Our model describes the process as a multi-stage contest (i.e., race) with an endogenous length (with one stage or two stages) between two workers. We model the payments to workers from the new product using the normatively appealing Nash...

Persistent link: https://www.econbiz.de/10012841137

R&D Spillovers Through RJV Cooperation

Banal-Estañol, Albert - 2020

We investigate the dimensions through which R&D spillovers are propagated across firms via cooperation through Research Joint Ventures (RJVs). We build on the framework developed by Bloom et al. (2013) which considers the opposing effects of technology spillovers and product market rivalry, and...

Persistent link: https://www.econbiz.de/10012824822

Technology, Market Structure and the Gains from Trade

Impullitti, Giammario; Licandro, Omar; Rendahl, Pontus - 2021

We study the gains from trade in a model with oligopolistic competition, heterogeneous firms and innovation, and provide a formula to decompose the mechanism. The new insight we provide is that market concentration can be a welfare-relevant feature of market power above and beyond markup...

Persistent link: https://www.econbiz.de/10013231972

Linguistic Metrics for Patent Disclosure : Evidence from University Versus Corporate Patents

Kong, Nancy; Dulleck, Uwe; sun, shupeng; Vajjala, Sowmya; … - 2021

Encouraging inventors to disclose new inventions is an important economic justification for the patent system, yet the technical information contained in patent applications is often inadequate and unclear. This paper proposes a novel approach to measure disclosure in patent applications using...

Persistent link: https://www.econbiz.de/10013315298

Policies to Internalize Reciprocal International Spillovers

Altemeyer-Bartscher, Martin; Rübbelke, Dirk T. G.; … - 2021

An effective policy scheme to overcome the suboptimal low provision levels of global public goods is developed in this paper. By suggesting a decentralized approach to raise environmental public good provision levels we take account of the lack of a coercive global authority that is able to...

Persistent link: https://www.econbiz.de/10013316908

Dynamics of First-Time Patenting Firms

Nilsen, Øivind Anti; Raknerud, Arvid - 2022

This paper investigates firm dynamics in the period before, during, and after an event consisting of a first published patent application. The analysis is based on patent data from the Norwegian Industrial Property Office merged with data from several business registers covering a period of...

Persistent link: https://www.econbiz.de/10014077007

Pandemic Consumption

Bachmann, Rüdiger; Bayer, Christian; Kornejew, Martin - 2023

This paper examines how households adjusted their consumption behavior in response to COVID-19 infection risk during the early phase of the pandemic. We use a monthly consumption survey specifically designed by the German Statistical Office covering the second wave of COVID-19 infections from...

Persistent link: https://www.econbiz.de/10014356975

Strategic outsourcing, profit sharing and equilibrium unemployment

Koskela, Erkki; König, Jan - 2007

We analyze the following questions associated with outsourcing and profit sharing under imperfect labour markets. How … does strategic outsourcing influence wage formation, profit sharing and employee effort when firms commit to optimal profit … sharing before wage formation or decide for profit sharing after wage formation. What is the relationship between outsourcing …

Persistent link: https://www.econbiz.de/10010264267

Preference bias and outsourcing to market: a steady-state analysis

Wang, Ping; Riezman, Raymond - 2008

We analyze a model that focuses on the export/outsource decision. Outsourcing has the advantage of providing better … technology embodied in the local capital. The decision of whether to offer an outsourcing contract weighs these two effects … against each other. The host country accepts the outsourcing contract if the higher price they pay for the outsourced good is …

Persistent link: https://www.econbiz.de/10010264307