Arbeitspapier
Competition and innovation: An experimental investigation
The paper analyzes the effects of more intense competition on firms' incentives to invest in process innovations. We carry out experiments based on two-stage games, where R&D investment choices are followed by product market competition. As predicted by theory, an increase in the number of firms from two to four reduces investments. However, a positive effect is observed for a switch from Cournot to Bertrand, even though theory predicts a negative effect in the four-player case.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 0807
- Klassifikation
-
Wirtschaft
Design of Experiments: Laboratory, Group Behavior
Oligopoly and Other Imperfect Markets
Innovation and Invention: Processes and Incentives
- Thema
-
R&D investment
intensity of competition
experiment
Innovation
Investition
Wettbewerbsstrategie
Test
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Sacco, Dario
Schmutzler, Armin
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Zurich, Socioeconomic Institute
- (wo)
-
Zurich
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Sacco, Dario
- Schmutzler, Armin
- University of Zurich, Socioeconomic Institute
Entstanden
- 2008
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