Objective: The aim of this article is to investigate the impact of vertical R&D cooperation on market performance of firms. Specifically, we explore the impact of vertical R&D cooperation on firms’ process innovation, outputs, market prices, and economic profits. Research Design & Methods: We...

The objective of this paper is to compare the impact of R&D competition (i) under patent protection and (ii) under no patent protection on enterprise innovation and performance with the impact of R&D cooperation in the form of R&D cartel on enterprise innovation and performance. For simplicity...

The goal of this paper is to present a formal model of firm innovation that simultaneously analyzes innovation factors characteristic to the Schumpeterian strand of industrial organization literature and the know-how strand. Corporate R&D intensity serves here as an input measure of firm...

We investigate factors that determine product innovation in network industries. We develop a demand-pull-technology-push model of enterprise innovation and find that enterprise innovation depends on firm's specific abilities to extend the network, consumer preferences over product price and...

The authors examine the timing and quality of product introduction in an R&D stopping game, where they allow for horizontal and vertical differentiation in the product market. They observe that discontinuous changes in introduction dates can occur as firms' abilities as researchers change....