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innovators are not protected against others appropriating their ideas, incentives for innovation are suboptimally low. Now in … most industries for most potential users, appropriating a foreign innovation is itself an investment decision fraught with … cost and risk. Nonetheless standard theory predicts too little innovation. Arguably the problem is exacerbated by …
Persistent link: https://www.econbiz.de/10010720409
innovators are not protected against others appropriating their ideas, incentives for innovation are suboptimally low. Now, in … most industries and for most potential users, appropriating a foreign innovation is itself an investment decision fraught … with cost and risk. Nonetheless, standard theory predicts too little innovation. Arguably the problem is exacerbated by the …
Persistent link: https://www.econbiz.de/10011116601
and 2008 were analyzed in regard to the question to what extent and how the agencies assessed the innovation effects of … mergers. Theoretical background is the still open question how negative effects of mergers on innovation should be taken into … account in merger policy. Although we can show in our study that in one third of all challenged mergers also innovation …
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' preferences. Through this permanent process of variation and selection of hypotheses (innovation / imitation) a process of … knowledge accumulation can take place. The central aim of our paper is to model the basic Hayekian learning mechanism, which … consists of experimentation and mutual learning, and to ask for determinants of the rapidity of knowledge accumulation. In our …
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