Showing 1 - 10 of 11,515
This paper builds a new model of financial exchange competition, tailored to the institutional details of the modern US …
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I study the relationship between competition and innovation, focusing on the distinction between product and process … competition and innovation, which focused on process innovations. New products allow firms to differentiate themselves from one … another. I demonstrate that the competition level that creates the most innovation incentive is higher for process innovation …
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This paper studies firms' incentives to invest in environmental R&D under different market structures (Cournot and Bertrand) and environmental policy instruments (emission standards, taxes, tradable permits and auctioned permits). Because of market strategic effects, R&D incentives vary widely...
Persistent link: https://www.econbiz.de/10014070664
Many high technology goods are based on standards that require several essential patents owned by different IP holders. This gives rise to a complements and a double mark-up problem. We compare the welfare effects of two different business strategies dealing with these problems. Vertical...
Persistent link: https://www.econbiz.de/10003909249
This paper presents a model of sequential innovation in which industry structure is endogenous and a standard of patentability determines the proportion of all inventions that qualify for protection (in U.S. patent law this standard is called nonobviousness; in Europe it is called the inventive...
Persistent link: https://www.econbiz.de/10014121742
Empirical studies have found that enhanced foreign competition can encourage or discourage innovation. To address this …
Persistent link: https://www.econbiz.de/10014436971
One of the pioneering works on endogenous market structures, by Tandon (1984), has extended the standard Cournot model with linear demand to endogenous entry and sunk R&D costs to show that the endogenous number of firms is independent from the size of the market. I generalize the model in many...
Persistent link: https://www.econbiz.de/10014187145