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This article examines the effects of market structure on the variety of research projects undertaken and the amount of duplication of research. A characterization of the equilibrium market portfolio of R&D projects and the socially optimal portfolio is provided. It is shown that a merger...
Persistent link: https://www.econbiz.de/10011663162
Contrary to most of the literature, which focuses only on the level of investment in innovation, this paper examines …
Persistent link: https://www.econbiz.de/10011282467
literature, which focuses only on the level of investment in innovation, this model captures both the variety of research …
Persistent link: https://www.econbiz.de/10010316823
Contrary to most of the literature, which focuses only on the level of investment in innovation, this paper examines …
Persistent link: https://www.econbiz.de/10010888524
-level information on mergers, production, and innovation in the dynamic random access memory semiconductor market from 1985 to 2004. Our …
Persistent link: https://www.econbiz.de/10011481190
-level information on mergers, production, and innovation in the dynamic random access memory semiconductor market from 1985 to 2004. Our …
Persistent link: https://www.econbiz.de/10011522411
firms because it lowers the probability they win the innovation contest for that project; however, the investment of a firm …
Persistent link: https://www.econbiz.de/10012858025
firms because it lowers the probability they win the innovation contest for that project; however, the investment of a firm …
Persistent link: https://www.econbiz.de/10012858068
This article examines the effects of market structure on the variety of research projects undertaken and the amount of duplication of research. A characterization of the equilibrium market portfolio of R&D projects and the socially optimal portfolio is provided. It is shown that a merger...
Persistent link: https://www.econbiz.de/10013035410
” commercialization. However, when focusing on downstream industry segments that bring patented technologies to market—“innovation” in an … concentration ultimately harms innovation, efficiency, consumer welfare, and democratic representation. It argues that patent law … provides prescriptions for enhancing industry entry through private ordering, federal innovation policy, and antitrust …
Persistent link: https://www.econbiz.de/10013213690