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learning about the relative potential of both technologies. The main findings are that (i) risk considerations make incumbents …
Persistent link: https://www.econbiz.de/10005069644
We offer a model of experimentation and learning with uncertain outcomes, and show that competition leads to less …
Persistent link: https://www.econbiz.de/10012894249
Persistent link: https://www.econbiz.de/10013455038
Why are some cities specialized and others diversified? What are the advantages and disadvantages of urban specialization and diversity? To what extent does the structure of cities, and the activities of firms and people in them, change over time? How does the sectoral composition of cities...
Persistent link: https://www.econbiz.de/10005791261
features learning-by-doing, incremental and radical innovations, user-producer learning at the firm level, and a change in the … a competence base, which supports the learning from other firms. …
Persistent link: https://www.econbiz.de/10005622445
learning activities to generate successful products. Yet prior NPD research has largely taken a positivistic view of learning … despite an inkling that too much learning can lead to dysfunction. This study attempts to contribute the NPD literature by … analyzing whether and, if so, when technological learning engenders shortcomings and affects new product commercialization. We …
Persistent link: https://www.econbiz.de/10010479365
This paper studies the incentives to undertake uncertain R&D initiatives in a dynamic duopoly network industry. It is shown that network externalities positively affect the incentives to invest in R&D. In the model, competition resembles a preemption race and, therefore, market performance...
Persistent link: https://www.econbiz.de/10010297866
We develop a dynamic duopoly model of R&D competition to improve the quality of a finalgood. The innovation process is sequential and cumulative, and takes place alongside productionin an infinite-horizon setting. In this context we study the R&D incentive impacts resultingfrom a “research...
Persistent link: https://www.econbiz.de/10009360858
Persistent link: https://www.econbiz.de/10003975920
We revisit the well known differential Cournot game with polluting emissions dating back to Benchekroun and Long (1998), proposing a version of the model in which environmental taxation is levied on emissions rather than the environmental damage. This allows to attain strong time consistency...
Persistent link: https://www.econbiz.de/10012958959