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duplication of research. An increase in the intensity of competition among firms leads to an increase in the variety of developed …
Persistent link: https://www.econbiz.de/10011312249
amount of duplication of research. An increase in the intensity of competition among firms leads to an increase in the …
Persistent link: https://www.econbiz.de/10009761734
introduce process innovations to lower their production costs. Product innovations introduce an escape-competition effect … coevolution of market and network structure matter for the relationship between competition and innovation. Moreover, our model … to different levels of competition in these industries. …
Persistent link: https://www.econbiz.de/10011444454
competition among firms leads to an increase in the variety of developed projects and a decrease in the amount of duplication of …
Persistent link: https://www.econbiz.de/10010402613
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can have severe economic consequences, as they may cause counterproductive behavior such as rulebook slowdowns or quality shading. To analyze fairness perceptions associated with...
Persistent link: https://www.econbiz.de/10011404392
Persistent link: https://www.econbiz.de/10000657450
This paper studies a large class of imperfectly discriminating contests, referred to as elastic contests, that induce players to either overbid a standing bid or to abstain from bidding altogether. Many common forms of contest are elastic. In any equilibrium of an elastic contest, there is...
Persistent link: https://www.econbiz.de/10010360312
findings are robust to several variations, including price and salience competition as well as varying quality of the available …
Persistent link: https://www.econbiz.de/10011508048
This paper considers the optimal design of dynamic research contests when the buyer can set time-dependent prizes. We derive the buyer-optimal contest and show that it entails an increasing prize schedule. Remarkably, this allows the buyer to implement a global stopping rule. In particular, the...
Persistent link: https://www.econbiz.de/10011538596
, political lobbying, electoral competition, optimally biased contests, the empirical analysis of rent-seeking, and dynamic …
Persistent link: https://www.econbiz.de/10011538607