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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
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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
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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
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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
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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
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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
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Distribution of intellectual property rights and the development of technology suppliers
Paija, Laura - 2003
The importance of customer relationships as a source of suppliers’ innovative activity and competence accumulation has been widely recognised. The more a relationship involves collaboration and creative, non-standardised customer solutions, the more there is potential for the development of...
Persistent link: https://www.econbiz.de/10010284904
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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
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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
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The ex ante incentive compatible core in exchange economies with and without indivisibilities
Forges, Françoise - 2006
The ex ante incentive compatible core of an exchange economy with private information is the (standard) core of a socially designed characteristic function, which expresses the fact that coalitions allocate goods by means of random incentive compatible mechanisms. We first survey some results in...
Persistent link: https://www.econbiz.de/10010273735