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Patent Prospect Theory and Competitive Innovation

Hovenkamp, Erik - 2016

. However, economists have long debated the relationship between competition and innovation. A leading view among contemporary … promote post-grant follow-on innovation and development. The argument rests critically on the assumption that post …-grant competition will diminish such efforts. This is just a special case of the more general claim that a market will be more …

Persistent link: https://www.econbiz.de/10014127918

Consumer loss aversion and scale-dependent psychological switching costs

Karle, Heiko; Schumacher, Heiner; Vølund, Rune - 2021

We consider the Salop (1979) model of product differentiation and assume that consumers are uncertain about the qualities and prices of firms’ products. They can inspect all products at zero cost. A share of consumers is expectation-based loss averse. For these consumers, a purchase plan,...

Persistent link: https://www.econbiz.de/10012624849

Patently Risky : Framing, Innovation and Entrepreneurial Preference

Hoffman, Elizabeth - 2020

It is well known that innovation law and policy must strike a balance between incentivizing inventions on the one hand … actors in innovation markets respond to their economic environments just like anyone else (at least on a first approximation … economic choice, but with the risky option framed as an investment in an “innovation-related” project. We find strong evidence …

Persistent link: https://www.econbiz.de/10012854104

Gender differences and dynamics in competition : the role of luck

Gill, David; Prowse, Victoria - 2010

help to explain both female underperformance in environments with repeated competition and the tendency for women to select … gap ; competition ; competition aversion ; tournament ; luck ; win ; loss ; narrow framing …

Persistent link: https://www.econbiz.de/10003983612

Consumer loss aversion and the intensity of competition

Karle, Heiko; Peitz, Martin - 2010 - Version: May 2, 2010, First Version: November 2009

Consider a differentiated product market in which all consumers are fully informed about match value and price at the time they make their purchasing decision. Initially, consumers become informed about the prices of all products in the market but do not know the match values. Some consumers...