Similar Search Results

The road not taken : competition and the R&D portfolio

Letina, Igor - 2015 - [Revised version, August 2015]

This article examines the effects of market structure on the variety of research projects undertaken and the amount of duplication of research. A characterization of the equilibrium market portfolio of R&D projects and the socially optimal portfolio is provided. It is shown that a merger...

Persistent link: https://www.econbiz.de/10011312249

The road not taken : competition and the R&D portfolio : conference paper

Letina, Igor - 2013

This paper develops an innovation model where firms choose which research paths to follow. Contrary to most of the literature which focuses only on the level of investment in innovation, this model captures both the variety of research paths undertaken and the amount of duplication of research....

Persistent link: https://www.econbiz.de/10010340555

The road not taken : competition and the R&D portfolio

Letina, Igor - 2013

When firms decide to invest in R&D, they have to choose not only the amount of resources to invest, but also which research projects to develop. This paper investigates the market portfolio of research projects. Contrary to most of the literature, which focuses only on the level of investment in...

Persistent link: https://www.econbiz.de/10009761734

The road not taken : competition and the R&D portfolio

Letina, Igor - 2014 - Revised version, August 2014

Contrary to most of the literature, which focuses only on the level of investment in innovation, this paper examines both the variety of research projects undertaken and the amount of duplication of research. A characterization of the equilibrium market portfolio of R&D projects and the socially...

Persistent link: https://www.econbiz.de/10010402613

Collusion and research joint ventures

Miyagiwa, Kazuyuki (contributor) - 2007

We examine whether cooperation in R&D leads to product market collusion. Suppose that firms engage in a stochastic R&D race while maintaining the collusive equilibrium in a repeated-game framework. Innovation under competitive R&D creates inter-firm asymmetries, which destabilizes the collusive...

Persistent link: https://www.econbiz.de/10003597038

Policy Innovations, Political Preferences, and Cartel Prosecutions

Ghosal, Vivek - 2016

While price-fixing cartel prosecutions have received significant attention, the policy determinants and the political ….S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing … penalties related to fines and jail terms. There appear to be four distinct cartel policy regimes: pre-1978, 1978-1992, 1993 …

Persistent link: https://www.econbiz.de/10013003617

Policy Innovations, Political Preferences, and Cartel Prosecutions

Ghosal, Vivek - 2015

Persistent link: https://www.econbiz.de/10013012564

Incentives for Process Innovation in a Collusive Duopoly

Engel, Christoph - 2014

Two suppliers of a homogenous good know that, in the second period, they will be able to collude. Gains from collusion are split according to the Nash bargaining solution. In the first period, either of them is able to invest into process innovation. Innovation changes the status quo pay-off,...

Persistent link: https://www.econbiz.de/10014050117

Collusion and Research Joint Ventures

Miyagiwa, Kaz - 2015

Persistent link: https://www.econbiz.de/10014221707

Inefficiencies in technology transfer: theory and empirics

Allain, Marie-Laure; Henry, Emeric; Kyle, Margaret K - C.E.P.R. Discussion Papers - 2011

Markets for technology can promote innovation by allowing for division of labor in research and development. Some firms may specialize in the discovery of ideas, while others have a comparative advantage in later stages of development and marketing. However, these gains depend on the timing of...

Persistent link: https://www.econbiz.de/10008854505

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