Showing 1 - 10 of 102
We study the product and process innovation choice of firms in which a managerial incentive à la Vickers (1985) is … present. Taking a two-stage dynamic game approach, we show that managerial firms are led to over-invest in process innovation …, as compared to standard profit-maximising firms, while they under-invest in product innovation. The reason is that …
Persistent link: https://www.econbiz.de/10005836703
We investigate the relationship between market concentration and industry innovative effort within a familiar two-stage model of R&D race in which firms compete à la Cournot in the product market. With the help of numerical simulations, we show that such a setting is rich enough to generate...
Persistent link: https://www.econbiz.de/10011674377
The optimal design of two-part tariffs is investigated in a dynamic model where two firms belonging to the same supply chain invest in R&D activities to increase the quality of the final product. It is shown that the replication of the vertically integrated monopolist's performance can be...
Persistent link: https://www.econbiz.de/10011705637
We investigate the relationship between market concentration and industry innovative effort within a familiar two-stage model of R&D race in which firms compete à la Cournot in the product market. With the help of numerical simulations, we show that such a setting is rich enough to generate...
Persistent link: https://www.econbiz.de/10011819023
Persistent link: https://www.econbiz.de/10003975920
We investigate the relationship between market concentration and industry innovative effort within a familiar two-stage model of R&D race in which firms compete à la Cournot in the product market. With the help of numerical simulations, we show that such a setting is rich enough to generate...
Persistent link: https://www.econbiz.de/10012954814
, in accordance with Aghion et al. (2005), and the industry structure maximising aggregate green innovation also minimises …
Persistent link: https://www.econbiz.de/10012958959
We investigate the optimal R&D portfolio of a single-product monopolist investing in cost-reducing activities accompanied by efforts improving the quality of its product. There emerges that the firm's relative incentives along the two directions are conditional upon market affluency, measured by...
Persistent link: https://www.econbiz.de/10013034163
, in accordance with Aghion et al. (2005), and the industry structure maximising aggregate green innovation also minimises …
Persistent link: https://www.econbiz.de/10011674450
We investigate the optimal R&D portfolio of a single-product monopolist investing in cost-reducing activities accompanied by efforts improving the quality of its product. There emerges that the firm's relative incentives along the two directions are conditional upon market affluency, measured by...
Persistent link: https://www.econbiz.de/10011729197