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competition affect the incentives given to scientists, and these effects interact. First, high knowledge spillovers lead firms to … soften incentives when product market competition is high, and to strengthen incentives when competition is low. Second, the … relationship between the intensity of competition and the power of incentives is U-shaped, with the exact shape depending on the …
Persistent link: https://www.econbiz.de/10012461628
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A new and central economic force is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model...
Persistent link: https://www.econbiz.de/10012459669
distorted R&D incentives; the deadweight loss from this distortion can be as large as the entire producer-surplus difference …
Persistent link: https://www.econbiz.de/10012457656
We provide a model and empirical tests showing how an active acquisition market affects firm incentives to innovate and … through acquisition. Our model and evidence show that the R&D responsiveness of firms increases with demand, competition and …
Persistent link: https://www.econbiz.de/10012460314
Several programs have been proposed to improve incentives for research on vaccines for malaria, tuberculosis, and HIV …
Persistent link: https://www.econbiz.de/10012471044
vaccines could create incentives for vaccine research and increase accessibility of any vaccines developed. Private firms … incentives to self-select research projects that have a reasonable chance of leading to a vaccine. Committing to purchase …
Persistent link: https://www.econbiz.de/10012471045
Individuals involved in basic research, like other workers, respond to incentives. Funding agencies provide implicit … incentives when they specify the rules by which awards are made. The following analysis is an exercise in understanding … incentives at an applied level. Specific rules are examined and analyzed to determine their incentive effects. For example, what …
Persistent link: https://www.econbiz.de/10012473420
Kremer and Snyder (2015) show that demand curves for a preventive and treatment may have different shapes though they target the same disease, biasing the pharmaceutical manufacturer toward developing the lucrative rather than the socially desirable product. This paper tightens the theoretical...
Persistent link: https://www.econbiz.de/10012453507
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/10012459807
the opportunity for managerial slack. Consistent with the notion that competition mitigates managerial slack, we find that …, firms in competitive industries experience no significant effect. When we examine which agency problem competition mitigates …
Persistent link: https://www.econbiz.de/10012463770