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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

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

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

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

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

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

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

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

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

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