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that all firms play an oligopoly game. We derive conditions under which increasing market concentration arises with myopic …
Persistent link: https://www.econbiz.de/10010315536
that all firms play an oligopoly game. We derive conditions under which increasing market concentration arises with myopic …
Persistent link: https://www.econbiz.de/10005756590
resources, increase the variety of pursued projects and thereby increase the probability of discovering the innovation. RJVs … improve innovation outcomes when market competition is weak and external financing conditions are bad. An RJV may increase the … innovation probability and nevertheless lower total R&D costs. RJVs that increase innovation tend to be profitable, but …
Persistent link: https://www.econbiz.de/10013285527
resources, increase the variety of pursued projects and thereby increase the probability of discovering the innovation. RJVs … improve innovation outcomes when market competition is weak and external financing conditions are bad. An RJV may increase the … innovation probability and nevertheless lower total R&D costs. RJVs that increase innovation tend to be profitable, but …
Persistent link: https://www.econbiz.de/10013461491
resources, increase the variety of pursued projects and thereby increase the probability of discovering the innovation. RJVs … improve innovation outcomes when market competition is weak or external financing conditions are bad. An RJV may increase the … innovation probability and nevertheless lower total R&D costs. RJVs that increase innovation also increase consumer surplus and …
Persistent link: https://www.econbiz.de/10014333778
Using a general two-stage framework, this paper gives sufficient conditions for increasing competition to have negative or positive effects on R&D-investment, respectively. Both possibilities arise in plausible situations, even if one uses relatively narrow definitions of increasing competition....
Persistent link: https://www.econbiz.de/10010315513
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
Using a general two-stage framework, this paper gives sufficient conditions for increasing competition to have negative or positive effects on R&D-investment, respectively. Both possibilities arise in plausible situations, even if one uses relatively narrow definitions of increasing competition....
Persistent link: https://www.econbiz.de/10003892456
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...
Persistent link: https://www.econbiz.de/10003892458
leads to new insights on entry, horizontal product innovation, and price discrimination. …
Persistent link: https://www.econbiz.de/10012520198