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Dynamic R&D networks with process and product innovations

König, Michael D. - 2016 - This version: March 28, 2016

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

Inducing variety : a theory of innovation contests

Letina, Igor; Schmutzler, Armin - 2017 - Revised version, June 2017

This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach, but the best approach is unknown. Inducing a variety of research approaches is desirable because it generates an option value. We show that suitable contests can induce such...

Persistent link: https://www.econbiz.de/10011667487

Designing dynamic research contests

Benkert, Jean-Michel; Letina, Igor - 2019 - Revised version

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/10012052584

Inducing variety: a theory of innovation contests

Letina, Igor; Schmutzler, Armin - 2019 - Revised version

This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach, but the best approach is unknown. Inducing a variety of research approaches generates an option value. We show that suitable contests can induce such variety. The...

Persistent link: https://www.econbiz.de/10011993710