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Reconciling the original Schumpeterian Model with the observed inverted-U relationship between competition and innovation

Bonfatti, Roberto; Bryce Campodonico, Luis A.; Pisano, Luigi - 2018

Empirical studies have uncovered an inverted-U relationship between product-market competition and innovation. This is … inconsistent with the original Schumpeterian Model, where greater competition reduces the profitability of innovation. We show that …

Persistent link: https://www.econbiz.de/10011810084

Global innovation contests

Dinopoulos, Elias; Syropoulos, Constantinos; … - 2023

This paper develops a two-country, dynamic general equilibrium model with innovation contests to study the impact of … stochastic and sequential global innovation contests in which challengers devote resources to R&D to discover new products while …

Persistent link: https://www.econbiz.de/10013494330

Platform liability and innovation

Jeon, Doh-Shin; Lefouili, Yassine; Madio, Leonardo - 2022

the presence of such products on innovation and consumer welfare. For a given number of buyers, platform liability … increases innovation by reducing the competitive pressure faced by innovative products. However, there can be a misalignment of … intended effect on innovation. Platform liability tends to increase (decrease) innovation and consumer welfare when the …

Persistent link: https://www.econbiz.de/10013384891

Tickets to the global market : first US patent awards and Chinese firm exports

Gong, Kaiji; Li, Yao; Manova, Kalina; Sun, Stephen Teng - 2023

constraints or the promotion of follow-on innovation. …

Persistent link: https://www.econbiz.de/10014434285

Private monitoring, collusion and the timing of information

Khalil, Fahad; Lawarrée, Jacques; Scott, Troy J. - 2013

When the information used by a principal to monitor an agent is private, and thus non-verifiable by a third party, the principal has a credibility issue with the agent. The agent should be concerned that the principal could misrepresent the information in order to collect a monetary penalty from...

Persistent link: https://www.econbiz.de/10010212662

The ex ante incentive compatible core in exchange economies with and without indivisibilities

Forges, Françoise (contributor) - 2006

The ex ante incentive compatible core of an exchange economy with private information is the (standard) core of a socially designed characteristic function, which expresses the fact that coalitions allocate goods by means of random incentive compatible mechanisms. We first survey some results in...

Persistent link: https://www.econbiz.de/10003301240

Second-degree moral hazard in a real-world credence goods market

Balafoutas, Loukas; Kerschbamer, Rudolf; Sutter, Matthias - 2013 - This version: 16 October 2013

Empirical literature on moral hazard focuses exclusively on the direct impact of asymmetric information on market outcomes, thus ignoring possible repercussions. We present a field experiment in which we consider a phenomenon that we call second-degree moral hazard – the tendency of the supply...

Persistent link: https://www.econbiz.de/10010199693

Vertical product differentiation when quality is unobservable to buyers : presented at CESifo Area Conference on Industrial Organisation, March 2003

Orosel, Gerhard O.; Zauner, Klaus G. - 2004

We analyze vertical product differentiation in a model where a good's quality is unobservable to buyers before purchase, a continuum of quality levels is technologically feasible, and minimum quality is supplied under competitive conditions. After purchase the true quality of the good is...

Persistent link: https://www.econbiz.de/10011450700

Information, asymmetric incentives, or withholding? : understanding the self-enforcement of value-added tax

Waseem, Mazhar - 2019

During the period 1996-2000, the coverage of VAT in Pakistan rose by twenty times in terms of the number of firms in the tax net and by ten times in terms of the volume of transactions subject to it. This paper leverages this staggered introduction of VAT in the country to estimate its...

Persistent link: https://www.econbiz.de/10012031140

Product versus process : innovation strategies of multi-product firms

Flach, Lisandra; Irlacher, Michael - 2015

We investigate the effect of better access to foreign markets on innovation strategies of multi-product firms in … between the returns to innovation. In differentiated industries, cannibalization is lower and firms invest more in product … innovation. In homogeneous industries, firms internalize intra-firm spillovers and invest more in process innovation. We test …

Persistent link: https://www.econbiz.de/10011283837

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