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Competition and innovation : an experimental investigation
Darai, Donja; Sacco, Dario; Schmutzler, Armin - 2009 - Revised version
The paper analyzes the effects of more intense competition on firms' incentives to invest in process innovations. We carry out experiments for two-stage games, where R&D investment choices are followed by product market competition. As predicted by theory, an increase in the number of firms from...
Persistent link: https://www.econbiz.de/10003387554
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Endogenous Spillovers and Incentives to Innovate
Gersbach, Hans; Schmutzler, Armin - 1999
We present a new approach to endogenizing technological spillovers. Firms choose continuous levels of a cost …-standing debate on the effects of the mode of competition on innovation incentives. We show that incentives to acquire spillovers are … stronger and incentives to prevent spillovers are weaker under quantity competition than under price competition. As a result …
Persistent link: https://www.econbiz.de/10014203680
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Hunting unicorns? Experimental evidence on predatory pricing policies
Edlin, Aaron S.; Roux, Catherine; Schmutzler, Armin; … - 2017
We study the anticompetitive effects of predatory pricing and the efficacy of three policy responses. In a series of experiments where an incumbent and a potential entrant interact, we compare prices, market structures and welfare. Under a laissez-faire regime, the threat of post-entry price...
Persistent link: https://www.econbiz.de/10011784294
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Hunting Unicorns? Experimental Evidence on Predatory Pricing Policies
Edlin, Aaron S. - 2017
We study the anticompetitive effects of predatory pricing and the efficacy of three policy responses. In a series of experiments where an incumbent and a potential entrant interact, we compare prices, market structures and welfare. Under a laissez-faire regime, the threat of post-entry price...
Persistent link: https://www.econbiz.de/10012952891
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Hunting unicorns? : experimental evidence on predatory pricing policies
Edlin, Aaron S.; Roux, Catherine; Schmutzler, Armin; … - 2017
We study the anticompetitive effects of predatory pricing and the efficacy of three policy responses. In a series of experiments where an incumbent and a potential entrant interact, we compare prices, market structures and welfare. Under a laissez-faire regime, the threat of post-entry price...
Persistent link: https://www.econbiz.de/10011674143
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Research joint ventures: The role of financial constraints
Brunner, Philipp; Letina, Igor; Schmutzler, Armin - 2022
This paper provides a novel theory of research joint ventures for financially constrained firms. When firms choose R&D portfolios, an RJV can help to coordinate research efforts, reducing investments in duplicate projects. This can free up resources, increase the variety of pursued projects and...
Persistent link: https://www.econbiz.de/10013285527
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Research joint ventures: The role of financial constraints
Brunner, Philipp; Letina, Igor; Schmutzler, Armin - 2022
This paper provides a novel theory of research joint ventures for financially constrained firms. When firms choose R&D portfolios, an RJV can help to coordinate research efforts, reducing investments in duplicate projects. This can free up resources, increase the variety of pursued projects and...
Persistent link: https://www.econbiz.de/10013461491
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Research joint ventures: The role of financial constraints
Brunner, Philipp; Letina, Igor; Schmutzler, Armin - 2023
This paper provides a novel theory of research joint ventures for financially constrained firms. When firms choose R&D portfolios, an RJV can help to coordinate research efforts, reducing investments in duplicate projects. This can free up resources, increase the variety of pursued projects and...
Persistent link: https://www.econbiz.de/10014333778
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Competition and innovation: An experimental investigation
Darai, Donja; Sacco, Dario; Schmutzler, Armin - 2009
The paper analyzes the effects of more intense competition on firms' incentives to invest in process innovations. We carry out experiments for two-stage games, where R&D investment choices are followed by product market competition. As predicted by theory, an increase in the number of firms from...
Persistent link: https://www.econbiz.de/10010315529
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Competition and innovation: An experimental investigation
Sacco, Dario; Schmutzler, Armin - 2008
The paper analyzes the effects of more intense competition on firms' incentives to invest in process innovations. We carry out experiments based on two-stage games, where R&D investment choices are followed by product market competition. As predicted by theory, an increase in the number of firms...
Persistent link: https://www.econbiz.de/10010315588