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Competition and innovation in automobile markets
Ghosal, Vivek; Ni, Jiayao - 2015
find interesting results linking patents to GM's bankruptcy, the Daimler-Chrysler merger, environmental regulations …
Persistent link: https://www.econbiz.de/10011342391
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Research joint ventures : the role of financial constraints
Brunner, Philipp; Letina, Igor; Schmutzler, Armin - 2022
This paper provides a novel theory of research joint ventures for financially constrained firms. When firms choose R … innovation-reducing RJVs also exist. Finally, we compare RJVs to innovation-enhancing mergers. …
Persistent link: https://www.econbiz.de/10013277082
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Research joint ventures : the role of financial constraints
Brunner, Philipp; Letina, Igor; Schmutzler, Armin - 2022
This paper provides a novel theory of research joint ventures for financially constrained firms. When firms choose R … innovation-reducing RJVs also exist. Finally, we compare RJVs to innovation-enhancing mergers. …
Persistent link: https://www.econbiz.de/10013362245
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Random walk to innovation : why productivity follows a power law
Ghiglino, Christian (contributor) - 2007
Persistent link: https://www.econbiz.de/10003436770
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Random walk to innovation : why productivity follows a power law
Ghiglino, Christian - In: Journal of economic theory 147 (2012) 2, pp. 713-737
Persistent link: https://www.econbiz.de/10009663684
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Market Power Screens Willingness-to-Pay
Weyl, E. Glen - 2012
What is the best way to reward innovation? While prizes avoid deadweight loss, intellectual property selects high social surplus projects. Optimal innovation policy thus trades off the ex-ante screening benefit and the ex-post distortion. It solves a multidimensional screening problem in the...
Persistent link: https://www.econbiz.de/10013115803
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How do start-up acquisitions affect the direction of innovation?
Dijk, Esmée S. R.; Moraga-González, José Luis; … - 2021
A start-up engages in an investment portfolio problem by choosing how much to invest in a "rival" project, which threatens the position of an existing incumbent, and a "non-rival" project. Anticipating its acquisition by the incumbent, the start-up strategically distorts its portfolio of...
Persistent link: https://www.econbiz.de/10012591323
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Mergers and innovation portfolios
Moraga-González, José Luis; Motchenkova, Evgenia; … - 2019
effect of mergers makes them consumer welfare improving. With constant elasticity of demand and constant marginal costs, a … demand. The portfolio effect of mergers may dominate the usual market power effects of mergers. …This paper studies mergers in markets where firms invest in a portfolio of research projects of different profitability …
Persistent link: https://www.econbiz.de/10012137259
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Product Hopping and Innovation Incentives
Lemus, Jorge - 2019
We study innovation incentives in the presence of "product hopping," whereby the incumbent patents a minor modification … of a drug (e.g., a new delivery method) and invests in marketing to switch demand towards the minor modification. In our …
Persistent link: https://www.econbiz.de/10012897642
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Incentives to Innovate in Oligopolies
Belleflamme, Paul; Vergari, Cecilia - 2015
competition (number of firms, degree of product differentiation, Cournot vs Bertrand) affect incentives to innovate in non …
Persistent link: https://www.econbiz.de/10014057159