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Competition Policy in Subsidies and State Aid
Biggar, Darryl R. - 2002
This document (of 193 pages) comprises the proceedings of an OECD roundtable on subsidies, state aid and competition …. Competition policy naturally extends, therefore, to policies designed to control subsidies. But what exactly is a subsidy … of public goods) can affect competition between firms. Which of these interventions should count as subsidies? Short of a …
Persistent link: https://www.econbiz.de/10014113622
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Designing dynamic research contests
Benkert, Jean-Michel; Letina, Igor - 2016
This paper considers the optimal design of dynamic research contests when the buyer can set time-dependent prizes. We derive the buyer-optimal contest and show that it entails an increasing prize schedule. Remarkably, this allows the buyer to implement a global stopping rule. In particular, the...
Persistent link: https://www.econbiz.de/10011538596
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Competitive and Harmonised R&D Policies for International R&D Alliances Involving Asymmetric Firms
Falvey, Rod - 2012
We examine research and development (R&D) policies when a national firm forms an R&D alliance with a foreign competitor. Firms differ in their R&D capabilities, and adopt a profit-sharing rule when R&D decisions are coordinated. National R&D tax/subsidy policies are set independently or...
Persistent link: https://www.econbiz.de/10013108392
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The Protection of Industrial Inventions : Analysis of the Regulation and Policy Evaluation
Sabbatini, Daniele - 2012
The Italian and European regulatory framework for patents would benefit from further improvements in order to foster dynamic competition between Italian firms. At the national level the exclusive allocation of the right to patent inventions to universities, rather than to researchers, would...
Persistent link: https://www.econbiz.de/10013109093
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How Does Competition Affect Innovation? Evidence from U.S. Antitrust Cases
Kang, Hyo - 2020
This paper examines how market competition affects the intensity and breadth of innovation. I assembled a unique dataset comprising all 461 prosecuted collusion cases in the U.S. from 1975-2016, where I match 1,818 collusive firms to firm-level data on innovation. Empirical results from a...
Persistent link: https://www.econbiz.de/10012844444
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Designing Dynamic Research Contests
Benkert, Jean-Michel - 2019
This paper studies the optimal design of dynamic research contests. We introduce interim transfers, which are paid in every period while the contest is ongoing, to an otherwise standard setting. We show that a contest where: (i) the principal can stop the contest in any period, (ii) a constant...
Persistent link: https://www.econbiz.de/10012902876
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Overlapping Ownership, R&D Spillovers, and Antitrust Policy
López, Ángel L. - 2017
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We show that overlapping ownership leads to internalization of rivals' profits by firms and find that, for demand not too convex, increases in overlapping ownership increase...
Persistent link: https://www.econbiz.de/10012945054
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Paying off the competition : market power and innovation incentives
Li, Xuelin; Lo, Andrew W.; Thakor, Richard T. - 2021 - This Draft: 19 June 2021
How does a firm’s market power in existing products affect its incentives to innovate? We explore this fundamental question using granular project-level and firm-level data from the pharmaceutical industry, focusing on a particular mechanism through which incumbent firms maintain their market...
Persistent link: https://www.econbiz.de/10012818283
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Startup Acquisitions, Error Costs, and Antitrust Policy
Bryan, Kevin - 2019
Startup acquisitions by dominant incumbents, especially in high-tech, have recently attracted significant attention. Many researchers and practitioners worry about harms to competition or innovation. However, there has been very little antitrust enforcement in this area. This is emblematic of a...
Persistent link: https://www.econbiz.de/10012871824
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Overlapping Ownership, R&D Spillovers, and Antitrust Policy
Lopez, Angel Luis - 2017
This paper considers cost-reducing R&D investment with spillovers in a Cournot oligopoly with overlapping ownership. We show that overlapping ownership leads to internalization of rivals profits by firms and find that, for demand not too convex, increases in overlapping ownership increase...
Persistent link: https://www.econbiz.de/10012968051