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Using data from the U.S. automobile market, we empirically examine the link between competition and innovation …. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the U.S. market … this an interesting market to examine the link between competition and innovation. We use firm-level time-series data over …
Persistent link: https://www.econbiz.de/10013014353
-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …
Persistent link: https://www.econbiz.de/10013067942
at the firm level. Product innovation is a key factor for successful market entry in models of creative destruction and … Schumpeterian growth. Process innovation helps securing a firm's market position given the characteristics of its product supply …. Both modes of innovation are expected to raise a firm's propensity to export. According to new trade theory, we conjecture …
Persistent link: https://www.econbiz.de/10012750419
This paper examines how product market competition affects firms’ timing of adopting a new technology as well as whether the market provides sufficient adoption incentives. It shows that adoption dates differ not only among symmetric firms but also among markets with Cournot and Bertrand...
Persistent link: https://www.econbiz.de/10013316352
Mergers realize heterogeneous competitive effects on profits, production, and prices. To date, it is unclear whether differential merger outcomes are caused mostly by firms' technology or product market attributes. Furthermore, empirical merger studies conventionally assume that, conditional on...
Persistent link: https://www.econbiz.de/10012948252
We investigate the role of workers' and managerial experience as a determinant of firm innovation and productivity in a … innovation and productivity. The effect of managerial experience measured by age on firm performance depends instead on the type … of firm: high age of managers and board members is bad for innovation and productivity growth, while costs and benefits …
Persistent link: https://www.econbiz.de/10013141023
We empirically investigate whether the persistence of politicians in political institutions affects the innovation …' innovation activity. However, once the causal effect is isolated by means of instrumental variables, using death of politicians … persistence and the probability of process innovation. This finding is consistent with the view that political stability may …
Persistent link: https://www.econbiz.de/10013068570
We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …
Persistent link: https://www.econbiz.de/10013075135
causal effect of human capital on income, net of the innovation channel …
Persistent link: https://www.econbiz.de/10013075976
This paper studies the dynamic relationship between input and output of innovation in Dutch manufacturing using an … unbalanced panel of enterprise data from five waves of the Community Innovation Survey during 1994-2004. We estimate by maximum … persistence of innovation input and innovation output, a lag effect of the former on the latter and a feedback effect of the …
Persistent link: https://www.econbiz.de/10013157844