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Product and quality innovations: An optimal control approach

Bondarev, Anton - 2010

In the suggested paper an attempt to combine two different aspects of innovative activity which are known as product and process innovations is made. The main objective of the paper is to demonstrate the importance of interdependence between these two types of innovative activity through means...

Persistent link: https://www.econbiz.de/10010272568

How does obtaining intellectual property rights impact technology commercialization strategy for start-up innovators? Reconciling the effects on licensing vs. financing

Wakeman, Simon - 2012

The importance of intellectual property (IP) rights for commercializing innovation is well established. Moreover … innovation alone, it is not clear how obtaining IP rights will impact the choice between licensing product rights and continuing … the primary patent covering an innovation and whether the innovating firm's licenses its innovation or raises external …

Persistent link: https://www.econbiz.de/10010352081

An option pricing approach to investment in innovations in a competitive environment

Reiß, Ariane - 1997

patent and adopt an Innovation if the arrival time of competitors is stochastic. Four distinct strategies are derived: Apply … for a patent without introducing the new technology right away, patent the Innovation and invest immediately, initiate the …

Persistent link: https://www.econbiz.de/10010435472

Innovation and Managerial Incentives: A Tale of Two Systems

Lambertini, Luca - 2004

This paper describes R&D competition between a managerial firm and an entrepreneurial one, in a Cournot market. It is shown that a manager interested in output expansion exerts higher R&D efforts, yielding productive efficiency as compared to the performance of a strictly profit-seeking firm....

Persistent link: https://www.econbiz.de/10011651392

Entrepreneurial Commercialization Choices and the Interaction between IPR and Competition Policy

Gans, Joshua S.; Persson, Lars - 2012

entrepreneurs with respect to commercialization as well as the rate of innovation. We find that stronger intellectual property … them. Consequently, we demonstrate that competition policy has a clearer role in promoting a higher rate of innovation in … increasing the rate of entrepreneurial innovation. …

Persistent link: https://www.econbiz.de/10010320357

Private Observation, Tacit Collusion and Collusion with Communication

Mouraviev, Igor - 2006

The paper studies the role of communication in facilitating collusion. The situation of infinitely repeated Cournot competition in the presence of antitrust enforcement is considered. Firms observe only their own production levels and a common market price. The price is assumed to have a...

Persistent link: https://www.econbiz.de/10010320117

Incentives and the Core of an exchange economy: A survey

Forges, Françoise; Minelli, Enrico; Vohra, Rajiv - 2000

This paper provides a general overview of the literature on the core of an exchange economy with asymmetric information. Incentive compatibility is emphasized in studying core concepts at the ex ante and interim stage. The analysis includes issues of non-emptiness of the core as well as core...

Persistent link: https://www.econbiz.de/10010318870

The ex ante incentive compatible core in the absence of wealth effects

Forges, Françoise; Mertens, Jean-François; Vohra, Rajiv - 2001

In a differencial economy with quasi-linear utilities, monetary transfers facilitate the fulfilment of incentive compability constraints: the associated ex ante core is generically nonempty. However, we exhibit a well-behaved exchange economy in which this core is empty, even if goods are...

Persistent link: https://www.econbiz.de/10010318871

Vertical product differentiation when quality is unobservable to buyers

Orosel, Gerhard O.; Zauner, Klaus G. - 2004

We analyze vertical product differentiation in a model where a good's quality is unobservable to buyers before purchase, a continuum of quality levels is technologically feasible, and minimum quality is supplied under competitive conditions. After purchase the true quality of the good is...

Persistent link: https://www.econbiz.de/10010261256

A maximum principle for control problems with monotonicity constraints

Hellwig, Martin - 2008

The paper develops a version of Pontryagin's maximum principle for optimal control problems with monotonicity constraints on control variables. Whereas the literature handles such constraints by imposing an assumption of piecewise smoothness on the control variable and treating the slope of this...

Persistent link: https://www.econbiz.de/10010264833