An empirical test of the asymmetric models on innovative activity: who invests more into R&D, the incumbent or the challenger?
Article Abstract:
A study is conducted to find whether the incumbent or the entrant invests more into R&D, using data of about 3500 German firms from 1992 and 1995 that explicitly asks firms for their motives in undertaking innovative activity. It is found that challengers invest more into R&D to enter a new market than the incumbents, and this supports the patent racing model by Reinganum.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
Network density and R&D spillovers
Article Abstract:
The impact of the structure and function of networks of firms on the overall innovativeness of the network are analyzed. The two main results obtained reveal that the marginal effect on innovativeness of spillover intensity is non-monotonic and the network density can affect innovativeness but only when there are heterogeneous firms.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
The value-added of laboratory experiments for the study of institutions and common-pool resources
Article Abstract:
Impact of communication on behavior and outcomes studies of common-pool resource dilemmas is presented.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: 'Fields of genes' curriculum designed to bring facts to youth about biotechnology. Pfizer and the beef information centre: farm-to-fork partners
- Abstracts: Do financial variables help forecasting inflation and real activity in the euro area?. Does the Barro-Gordon model explain the behavior of US inflation? A reexamination of the empirical evidence
- Abstracts: A model of the Federal Reserve Act under the international gold standard system. Technology shocks and monetary policy: assessing the Fed's performance
- Abstracts: Historical monetary policy analysis and the Taylor rule. Comment on: 'the incredible Volcker disinflation.' Monetary policy evaluation with noisy information
- Abstracts: Death spiral convertibles. The many facets of privately negotiated stock repurchases. Earnings expectations, investor trade size and anomalous returns around earnings announcements