Cantner, Uwe; Güth, Werner; Nicklisch, Andreas; … - Wirtschaftswissenschaftliche Fakultät, … - 2007
We experimentally investigate competition in innovation in a patent race scenario. Pairs of subjects compete as seller … firms on a duopoly market, engaging in risky search investments. Successful innovation is rewarded through temporary … competition as measured by sales shares, while for others no correlation is ascertained. Heterogeneity in individual risk …