Product Innovation In A Vertically Differentiated Model
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Product Innovation In A Vertically Differentiated Model
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Author : Luigi Filippini
language : en
Publisher:
Release Date : 2012
Product Innovation In A Vertically Differentiated Model written by Luigi Filippini and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
We study the licensing incentives of an independent input producer owning a patented product innovation which allows the downstream ጿirms to improve the quality of their ጿinal goods. We consider a general two-part tariff contract for both outside and incumbent innovators. We ጿind that technology diffusion critically depends on the nature of market competition (Cournot vs. Bertrand). Moreover, the vertical merger with either downstream ጿirm is always privately proijtable and it is welfare improving for large innovations: this implies that not all proijtable mergers should be rejected.
Product Innovation Under Vertical Differentiation And The Persistence Of Monopoly
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Author :
language : en
Publisher:
Release Date : 1995
Product Innovation Under Vertical Differentiation And The Persistence Of Monopoly written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.
The incentives to innovate for the incumbent and the entrant in a vertically differentiated market are analised, in the absence of uncertainty. It turns out that if consumers marginal willingness to pay for quality is sufficiently low, the efficiency effect observationally works so as to favour innovation by the entrant, i.e., competition. Otherwise, it operates to the advantage of the incumbent who acquire the right to innovate, preempting thus the rival.
Process And Product Innovation In A Vertically Differentiated Industry
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Author : Emanuele Bacchiega
language : en
Publisher:
Release Date : 2013
Process And Product Innovation In A Vertically Differentiated Industry written by Emanuele Bacchiega and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
We examine a vertically differentiated duopoly where firms invest in process and product innovation and then compete in prices under full market coverage. We show that (i) process and product innovation are complements (substitutes) for the low-quality (high-quality) firm; (ii) the firm which is initially more efficient invests more than the rival in process innovation; (iii) if the initial differential between marginal costs is sufficiently high, the demand for the less efficient firm is nil and the duopoly equilibrium does not exist. Finally, we investigate the feasibility of Ramp;D cooperation for process innovation.
Adoption Of A Product Innovation In The Presence Of Vertical Product Differentiation
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Author : Shiou Shieh
language : en
Publisher:
Release Date : 1995
Adoption Of A Product Innovation In The Presence Of Vertical Product Differentiation written by Shiou Shieh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Diversification in industry categories.
The Microeconomics Of Product Innovation
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Author : Paul Stoneman
language : en
Publisher: Oxford University Press
Release Date : 2018-02-22
The Microeconomics Of Product Innovation written by Paul Stoneman and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-22 with Business & Economics categories.
Economics has not given sufficient attention to the microeconomic analysis of innovation and technological change. Counteracting this imbalance, The Microeconomics of Product Innovation considers how the use of economic analysis can guide and inform the search for insight in the generation and adoption of new products synonymously labelled product innovation. Written in an accessible tone and restricting its analysis to the use of microeconomics, this book encompasses the definition of product innovation. It explores means of measurement and revealed patterns of the extent of product innovation; the economic analysis of the forces driving the demand for, the supply of, and incentives to generate new products; empirical evidence upon the determinants of the extent of product innovation; the diffusion of product innovations; product innovation and firm performance; price measurement under product innovation; product innovation and welfare; and public policy and product innovation.
Entry And Innovation In Vertically Differentiated Markets
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Author : Dirk Bergemann
language : en
Publisher:
Release Date : 1999
Entry And Innovation In Vertically Differentiated Markets written by Dirk Bergemann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Competition categories.
A Closed Economy Model Of Horizontal And Vertical Product Differentiation
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Author : Rohini Acharya
language : en
Publisher:
Release Date : 1994
A Closed Economy Model Of Horizontal And Vertical Product Differentiation written by Rohini Acharya and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with categories.
Process And Product Innovation In A Vertically Differentiated Industry
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Author : Emanuele Bacchiega
language : en
Publisher:
Release Date : 2007
Process And Product Innovation In A Vertically Differentiated Industry written by Emanuele Bacchiega and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
Multi Stage Innovations
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Author : Herbert Dawid
language : en
Publisher:
Release Date : 2015
Multi Stage Innovations written by Herbert Dawid and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
We consider a quantity-setting duopoly model with both firms having the possibility to produce a homogeneous product. Firm 1 has the option to carry out a product innovation project in two stages and in between the two stages Firm 2 can invest in cost-reducing process innovation. Hence, Firm 1's incentive to complete the innovation of the horizontally and vertically differentiated new product is influenced by Firm 2's process innovation activities. Our results are as follows. First, we find that under weak vertical differentiation Firm 2 wants Firm 1 to innovate. Horizontal differentiation softens competition and Firm 2 over-invests in process innovation to induce Firm 1 to launch the new product. Second, under strong vertical differentiation Firm 1 starts the product innovation project - triggering under-investment by Firm 2 - but never finishes it. The under-investment leads to higher production costs for Firm 2, which induces Firm 1 not to innovate. Third, under very strong vertical differentiation Firm 2 prevents a launch of the new product by overinvesting in process innovation. Due to the strong decrease in production costs Firm 2 captures such a big market share that Firm 1 will not introduce the new product. However, since its situation in the old market also has become worse, Firm 1's value of the option to innovate is negative.
Joint Venture For Product Innovation And Cartel Stability Under Vertical Differentiation
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Author :
language : en
Publisher:
Release Date : 2000
Joint Venture For Product Innovation And Cartel Stability Under Vertical Differentiation written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.
We describe a vertically differentiated market where firms choose between activating either independent ventures leading to distinct product qualities, or a joint venture for a single quality. Then, firms either repeat the oneshot Nash equilibrium forever, or behave collusively, according to discount factors. We prove that there exists a parameter region where the joint venture makes it more difficult for firms to sustain collusive behaviour, as compared to independent ventures. Therefore, public policies towards R & D behaviour should be designed so as not to become inconsistent with the procompetitive attitude characterising the current legislation on marketing practices.