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This paper studies the asset pricing implications of technology spillover, an important externality in innovation. While technology spillover enables firms to produce a variety of products that better satisfy their customers' love for variety, such benefits are procyclical, and investors...
Persistent link: https://www.econbiz.de/10012854307
This Article considers the spillover effects of trademarks - in particular, brand spillovers, which occur when consumer … leaders and shelf space adjacency, retailers routinely create brand spillovers for their profit, and trademark law generally … spillovers by selling manufacturers' trademarks for advertising purposes (keyword triggering). However, in contrast to retailer …
Persistent link: https://www.econbiz.de/10014046923
How should firms be incentivized to adopt new technologies when the technical merits and spillovers of such … technologies are uncertain? We show that, when information is dispersed but exogenous, efficiency can be induced with simple …
Persistent link: https://www.econbiz.de/10013549768
findings are robust to a battery of specifications and falsification tests. Our results are consistent with expected spillovers …
Persistent link: https://www.econbiz.de/10014359299
have had a positive impact on participants' productivity, only FONDEF-funded projects have generated positive spillovers on …
Persistent link: https://www.econbiz.de/10011992333
findings are robust to a battery of specifications and falsification tests. Our results are consistent with expected spillovers …
Persistent link: https://www.econbiz.de/10012852523
Persistent link: https://www.econbiz.de/10013194249
We construct an asymmetri c duopolistic R&D and production behavior model subject to knowledge spillovers. This model …
Persistent link: https://www.econbiz.de/10009781563
examining economic coalitions. In many interesting economic games, coalition formation creates either negativee externalities or … positive externalities for nonmembers. Examples of negative externalities are research coalitions and customs unions. Examples … of positive externalities include output cartels and public goods coalitions. I characterize and compare stable coalition …
Persistent link: https://www.econbiz.de/10014215432
&D services from a common laboratory. Inter-firm and within-laboratory externalities affect the intensity of competition among … complementary inside the laboratory, but only limitedly so, and inter-firm spillovers are sufficiently low. The firms' privately …
Persistent link: https://www.econbiz.de/10012963122