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This chapter overviews productivity research from an industrial organization perspective. We focus on what is known and … what still needs to be learned about the productivity levels and dynamics of individual producers, but also how these … interact through markets and industries to influence productivity aggregates. We overview productivity concepts, facts, data …
Persistent link: https://www.econbiz.de/10013212405
We develop a model of entrepreneurial innovation for entry and sale into oligopoliessuitable for welfare analysis. We show that the expected consumer welfare can be higherunder commercialization by sale than under commercialization by entry despite increasedmarket power in the product market....
Persistent link: https://www.econbiz.de/10014186478
We investigate how the contractibility of actions affecting the value of an asset affects asset ownership. We examine this by testing how on-board computer (OBC) adoption affects truck ownership. We develop and test the proposition that adoption should lead to less ownership by drivers,...
Persistent link: https://www.econbiz.de/10014036367
The conventional wisdom is that the formation of patent pools is welfare enhancing when patents are complementary … and either increases spillovers in development or decreases the degree of product differentiation, patent pools can … why patent pools are uncommon in science-based industries such as biotech and pharmaceuticals that are characterized by …
Persistent link: https://www.econbiz.de/10009735480
under bidding competition. -- Acquisitions ; Entrepreneurship ; Innovation ; Start-ups ; Patent ; Ownership ; Quality …
Persistent link: https://www.econbiz.de/10003843246
We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are more likely to be sold (or licensed) to an incumbent due to strategic product market effects on the sales price. Such preemptive acquisitions by incumbents are shown to stimulate...
Persistent link: https://www.econbiz.de/10012826395
The conventional wisdom is that the formation of patent pools is welfare enhancing when patents are complementary … and either increases spillovers in development or decreases the degree of product differentiation, patent pools can … why patent pools are uncommon in science-based industries such as biotech and pharmaceuticals that are characterized by …
Persistent link: https://www.econbiz.de/10014178239
model provides an argument that shorter product cycles can induce firms to file more patent applications. The firms may be … trapped in a prisoners' dilemma where all firms would jointly prefer to patent less and to not have a patent thicket. If firms … successful, this may create a patent thicket. The transition into a situation where firms start patenting many ideas instead of …
Persistent link: https://www.econbiz.de/10014212185
This paper explores the possibility that a firm may make a credible strategic commitment to high levels of innovation by limiting its horizontal or vertical scope. Specifically, I develop a model in which a firm decides whether to undertake an innovation that affects a system of products, which...
Persistent link: https://www.econbiz.de/10014027326
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10013083293