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The Role of Public Procurement in Innovation: Theory and Empirical Evidence
Wiederhold, Simon - ifo Leibniz-Institut für Wirtschaftsforschung an der …
This volume was prepared by Simon Wiederhold during his stay at the Friedrich Schiller University of Jena and at the Duke University in Durham, U.S. It was accepted as a doctoral thesis by the School of Economics and Business Administration at the University of Jena in August 2011. The thesis...
Persistent link: https://www.econbiz.de/10011148811
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Competition and innovation : an experimental investigation
Sacco, Dario - 2007
an experiment based on two-stage games, where R&D investment choices are followed by product market competition. An … increase in the intensity of competition is modeled as an increase in the number of Þrms or as a switch from Cournot to … Bertrand. The theoretical prediction is that more intense competition is unfavorable to investments for both cases. In the …
Persistent link: https://www.econbiz.de/10003892455
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Competition and innovation : an experimental investigation
Sacco, Dario; Schmutzler, Armin - 2008
The paper analyzes the effects of more intense competition on firms’ incentives to invest in process innovations. We … carry out experiments based on two-stage games, where R&D investment choices are followed by product market competition. As …&D investment ; intensity of competition ; experiment …
Persistent link: https://www.econbiz.de/10003892458
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How do judgmental overconfidence and overoptimism shape innovative activity?
Herz, Holger; Schunk, Daniel; Zehnder, Christian - 2013
Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...
Persistent link: https://www.econbiz.de/10009747334
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How do judgmental overconfidence and overoptimism shape innovative activity?
Herz, Holger; Schunk, Daniel; Zehnder, Christian - 2013
Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...
Persistent link: https://www.econbiz.de/10009691669
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How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?
Herz, Holger - 2013
Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...
Persistent link: https://www.econbiz.de/10013087286
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An Experiment on Innovation and Collusion
Smyth, Andrew - 2019
This paper examines the relationship between product innovation and the success of price collusion using novel laboratory experiments. Average market prices in low innovation experiments are significantly higher than those in high innovation, but otherwise identical experiments. This price...
Persistent link: https://www.econbiz.de/10012901437
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Innovate Versus Imitate : Theory and Experimental Evidence
Duffy, John - 2020
We model and experimentally evaluate the trade-off between innovation and imitation commonly faced by firms and individuals. Innovation involves searching for a high payoff opportunity, but paying a cost to do so. Imitation involves avoiding the search cost and copying the most successful payoff...
Persistent link: https://www.econbiz.de/10012849764
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How do judgmental overconfidence and overoptimism shape innovative activity?
Herz, Holger; Schunk, Daniel; Zehnder, Christian - 2013 - Revised version, November 2013
Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that...
Persistent link: https://www.econbiz.de/10010208494
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Does sequential decision-making trigger collective investment in automobile R&D? : experimental evidence
Buchmann, Tobias; Haering, Alexander; Kudic, Muhamed; … - 2018
We conduct a framed laboratory experiment to gain in-depth insights on factors that drive collective research and development efforts among firms located along the automotive value chain. In particular, we employ a public goods experiment and analyze the influence of sequential decision-making...
Persistent link: https://www.econbiz.de/10011954067