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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
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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
This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach of the supplier, but the best approach is unknown. Diversity of approaches is desirable because it generates an option value. In our main model with two suppliers, the buyer...
Persistent link: https://www.econbiz.de/10011410264