Showing 1 - 10 of 51
Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this … product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding … with step-by-step innovation models predicting that product market competition enhances innovation and, more importantly …
Persistent link: https://www.econbiz.de/10013064451
We examine the impact of Chinese import competition on patenting, IT, R&D and TFP using a panel of up to half a million …-specific quotas following China's entry into the World Trade Organization. Chinese import competition had two effects: first, it led … account for around 15% of European technology upgrading between 2000-2007. Rising Chinese import competition also led to falls …
Persistent link: https://www.econbiz.de/10013038317
The impact of patent pools on the rate and direction of technological change is an open question in both theoretical and empirical studies. Economic theory makes no unequivocal prediction. By contrast, empirical studies of patent pools, to date, have largely concluded that patent pools have been...
Persistent link: https://www.econbiz.de/10013064214
incentives to invest in R&D by internalizing potential externalities. They may also enhance efficiency of standardization by …
Persistent link: https://www.econbiz.de/10013065932
This paper explores the economic role credit rating agencies play in the corporate bond market. We consider three existing theories about multiple ratings: information production, rating shopping and regulatory certification. Using differences in rating composition, default prediction and credit...
Persistent link: https://www.econbiz.de/10013156427
This paper examines the impact of government-sponsored venture capitalists (GVCs) on the success of enterprises. Using international enterprise-level data, we identify a surprising non-monotonicity in the effect of GVC on the likelihood of exit via initial public offerings (IPOs) or third party...
Persistent link: https://www.econbiz.de/10013069031
at which they upgrade the quality of their products. We analyze the effect of import competition on quality upgrading …
Persistent link: https://www.econbiz.de/10013070597
effects of competition on individuals' creative production. Using a sample of commercial logo design competitions, and a novel …, content-based measure of originality, I find that intensifying competition induces agents to produce original, untested ideas … over tweaking their earlier work, but heavy competition drives them to stop investing altogether. The results yield lessons …
Persistent link: https://www.econbiz.de/10012911076
This paper builds a new model of financial exchange competition, tailored to the institutional details of the modern US …
Persistent link: https://www.econbiz.de/10012870055
How do firms in high-income countries adjust to emerging market competition? We estimate how a representative panel of … more differentiated firms that survive the increase in competition have better performance ex-post, but are ex-ante more …
Persistent link: https://www.econbiz.de/10012978850