Showing 1 - 10 of 17
A principal uses security bid auctions to award an incentive contract to one among several agents, in the presence of hidden action and hidden information. Securities range from cash to equity and call options. “Steeper†securities are better surplus extractors that narrow the gap...
Persistent link: https://www.econbiz.de/10010556730
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
Technological standards give rise to a complements problem that affects pricing and innovation incentives of technology …
Persistent link: https://www.econbiz.de/10008727880
In the 1990s, patenting schemes changed in many respects: upcoming new technologies accelerated the shift from price competition towards competition based on technical inventions, a worldwide surge in patenting took place, and the ‘patent thicket’ arose as a consequence of strategic...
Persistent link: https://www.econbiz.de/10005835212
We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to those who lose the auction. Firms’ bids are dual signals of their cost reductions: the winning bid signals the own cost reduction to rival oligopolists, whereas the losing...
Persistent link: https://www.econbiz.de/10008501954
This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing …
Persistent link: https://www.econbiz.de/10008501956
This paper studies the innovation dynamics of an oligopolistic industry. The firms compete not only in the output … productivity dependent wage differentials. Productivity growth creates intertemporal spill-over effects, which affect the … incentives for innovation at subsequent dates. Over time the industry equilibrium approaches a steady state. The paper …
Persistent link: https://www.econbiz.de/10008469773
The literature on R&D contests implicitly assumes that contestants submit their innovation regardless of its value …
Persistent link: https://www.econbiz.de/10004980378
This paper revisits the licensing of a non–drastic process innovation by an outside innovator to a Cournot oligopoly …
Persistent link: https://www.econbiz.de/10005739670