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regard to neglected poverty-related diseases and to aligning the medical and technical innovation system to them. …
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analyzes these issues for two types of innovation. While price bounds increase static efficiency they reduce incentives to … investigated how such bounds affect time-consistency of environmental regulation and research incentives. The present paper …
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This paper analyzes the impact of network externalities on R&D competition between an incumbent and a potential entrant. The analysis shows that the incumbent always invests more than the entrant in the development of higher quality network goods. However, the incumbent exhibits a too low level...
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This paper studies the incentives to undertake uncertain R&D initiatives in a dynamic duopoly network industry. It is … shown that network externalities positively affect the incentives to invest in R&D. In the model, competition resembles a …/or prolong the short-run competition have an important positive impact on consumer welfare and on firms’ R&D incentives. …
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