Similar Search Results

Network formation with local complements and global substitutes : the case of R&D networks

Hsieh, Chih-sheng; König, Michael D.; Liu, Xiaodong - 2016 - This version: February 15, 2016

We analyze R&D collaboration networks in industries where firms are competitors in the product market. Firms' benefits … also change their own competitive position in the market as well as the overall market structure. We provide a general …

Persistent link: https://www.econbiz.de/10011429537

Dynamic R&D networks

König, Michael D. - 2013

In this paper we analyze R&D collaboration networks in industries where firms are competitors in the product market …, however, firms also change their own competitive position in the market as well as the overall market structure. We analyze …

Persistent link: https://www.econbiz.de/10009747321

Network formation with local complements and global substitutes : the case of R&D networks

Hsieh, Chih-sheng; König, Michael D.; Liu, Xiaodong - 2017 - Revised version

In this paper we introduce a stochastic network formation model where agents choose both actions and links. Neighbors in the network benefit from each other's action levels through local complementarities and there exists a global interaction effect reflecting a strategic substitutability in...

Persistent link: https://www.econbiz.de/10011598616

The road not taken : competition and the R&D portfolio

Letina, Igor - 2015 - [Revised version, August 2015]

This article examines the effects of market structure on the variety of research projects undertaken and the amount of … duplication of research. A characterization of the equilibrium market portfolio of R&D projects and the socially optimal portfolio …

Persistent link: https://www.econbiz.de/10011312249

The road not taken : competition and the R&D portfolio

Letina, Igor - 2013

research projects to develop. This paper investigates the market portfolio of research projects. Contrary to most of the … projects undertaken and the amount of duplication of research. A characterization of the equilibrium market portfolio is … optimal portfolio is provided. It is shown under which conditions the market invests suboptimally in the variety and …

Persistent link: https://www.econbiz.de/10009761734

The road not taken : competition and the R&D portfolio

Letina, Igor - 2014 - Revised version, August 2014

equilibrium market portfolio of R&D projects and the socially optimal portfolio is provided. It is shown that a merger decreases …

Persistent link: https://www.econbiz.de/10010402613

Designing innovation contests for diversity

Letina, Igor; Schmutzler, Armin - 2015 - Revised version, December 2015

This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach of the supplier, but the best approach is unknown. Diversity of approaches is desirable because it generates an option value. In our main model with two suppliers, the buyer...

Persistent link: https://www.econbiz.de/10011410264

Designing institutions for diversity

Letina, Igor; Schmutzler, Armin - 2015

This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach of the supplier, but the best approach is unknown. Diversity of approaches is beneficial because of the resulting option value. An auction induces the social optimum, while a...

Persistent link: https://www.econbiz.de/10011297657

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

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