Showing 1 - 10 of 56
Technological standards give rise to a complements problem that affects pricing and innovation incentives of technology …
Persistent link: https://www.econbiz.de/10008727880
We consider procurement of an innovation from heterogeneous sellers. Innovations are random but depend on unobservable … admission to an innovation contest. After the contest, an innovation is procured employing either a fixed prize or a first …
Persistent link: https://www.econbiz.de/10008583545
complements problem but not the double mark-up problem. Vertical integration discourages entry and reduces innovation incentives …, while horizontal integration always encourages entry and innovation. …
Persistent link: https://www.econbiz.de/10005785807
and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation … export and innovation activities to become substitutes although they are generally natural complements. …
Persistent link: https://www.econbiz.de/10008693535
This paper tests whether upstream R&D cooperation leads to downstream collusion. We consider an oligopolistic setting where firms enter in research joint ventures (RJVs) to lower production costs or coordinate on collusion in the product market. We show that a sufficient condition for...
Persistent link: https://www.econbiz.de/10008727878
An innovative firm with private information about its indivisible process innovation chooses strategically whether to … the size of the innovation, and affects the incentives in the product market. A Cournot competitor tends to patent big … substitutability increases the incentives to patent the innovation. …
Persistent link: https://www.econbiz.de/10011140960
We analyze a symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators mimic the output decision of the most successful firms of the previous round a l`a Vega-Redondo (1997). Optimizers play a myopic best response to the opponents’ previous...
Persistent link: https://www.econbiz.de/10005785827
number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious … play, imitation, reinforcement learning, and a trial & error process. We test whether subjects try to influence those … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …
Persistent link: https://www.econbiz.de/10005785934
. We develop a theoretical model of Bayesian learning in which entrepreneurship education generates signals which help …
Persistent link: https://www.econbiz.de/10005033495
The paper analyzes a dynamic model of rational strategic learning in a network. It complements existing literature by … links. This means that in the design of networks there exists a trade-off between the speed of learning and accuracy. …
Persistent link: https://www.econbiz.de/10011098700