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Designing dynamic research contests
Benkert, Jean-Michel; Letina, Igor - 2019
This paper studies the optimal design of dynamic research contests. We introduce interim transfers, which are paid in every period while the contest is ongoing, to an otherwise standard setting. We show that a contest where: (i) the principal can stop the contest in any period, (ii) a constant...
Persistent link: https://www.econbiz.de/10012056815
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Inducing variety: A theory of innovation contests
Letina, Igor; Schmutzler, Armin - 2019
This paper analyzes the design of innovation contests when the quality of an innovation depends on the research …
Persistent link: https://www.econbiz.de/10011993818
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Killer acquisitions and beyond: Policy effects on innovation strategies
Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2020
This paper provides a theory of strategic innovation project choice by incumbents and start-ups. We show that … prohibiting killer acquisitions strictly reduces the variety of innovation projects. By contrast, we find that prohibiting other … acquisitions only has a weakly negative innovation effect, and we provide conditions under which the effect is zero. Furthermore …
Persistent link: https://www.econbiz.de/10012284781
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Killer acquisitions and beyond: Policy effects on innovation strategies
Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2023
This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a …, prohibiting acquisitions has a weakly negative overall innovation effect. We provide conditions determining the size of the effect …
Persistent link: https://www.econbiz.de/10014333779
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Inducing variety: A theory of innovation contests
Letina, Igor; Schmutzler, Armin - 2017
This paper analyzes the design of innovation contests when the quality of an innovation depends on the research …
Persistent link: https://www.econbiz.de/10011784283
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The road not taken: Competition and the R&D portfolio
Letina, Igor - 2013
literature, which focuses only on the level of investment in innovation, this model captures both the variety of research …
Persistent link: https://www.econbiz.de/10010316823
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Killer acquisitions and beyond: Policy effects on innovation strategies
Letina, Igor; Schmutzler, Armin; Seibel, Regina - 2021
This paper provides a theory of strategic innovation project choice by incumbents and start-ups which serves as a … foundation for the analysis of acquisition policy. We show that prohibiting acquisitions has a weakly negative innovation effect …
Persistent link: https://www.econbiz.de/10012588494