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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
We study optimal pollution abatement under a mixed oligopoly game when firms engage in emissions-reducing R&D that is imperfectly appropriable. The regulator uses a tax to curb emissions. Results show that in a mixed oligopoly, the public firm has positive emissions reduction in equilibrium;...
Persistent link: https://www.econbiz.de/10011800081
have had a positive impact on participants' productivity, only FONDEF-funded projects have generated positive spillovers on …
Persistent link: https://www.econbiz.de/10011992333
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
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
more preferred one. Tiebout (1956) conjectured that “voting with feet” might generate considerable efficiency gains since … communities' success. Voting with feet improves cooperation by facilitating the right initial match between individuals and …
Persistent link: https://www.econbiz.de/10013034669
In a two-stage R&D game of process innovation, we investigate the effect of exogenously changing R&D spillovers and … typically maximized under oligopoly with the optimal number of firms depending on the level of spillover and efficiency of R …
Persistent link: https://www.econbiz.de/10003814422
knowledge spillovers, the leading innovator sometimes discloses to signal commitment to the project, and so potentially inducing …
Persistent link: https://www.econbiz.de/10014206990