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Author: Benjamin Christopher Anderson Publisher: ISBN: Category : Languages : en Pages : 124
Book Description
Prior to estimating the empirical model, I illustrate the theoretical lower bounds to market concentration implied by an endogenous fixed cost (EFC) model with vertical and horizontal product differentiation and derive the theoretical lower bound to R & D concentration from the same model. Using data on field trial applications of genetically modified (GM) crops, I empirically estimate the lower bound to R & D concentration in the agricultural biotechnology sector. I identify the lower bound to concentration using exogenous variation in market size across time, as adoption rates of GM crops increase, and across agricultural regions.
Author: Benjamin Christopher Anderson Publisher: ISBN: Category : Languages : en Pages : 124
Book Description
Prior to estimating the empirical model, I illustrate the theoretical lower bounds to market concentration implied by an endogenous fixed cost (EFC) model with vertical and horizontal product differentiation and derive the theoretical lower bound to R & D concentration from the same model. Using data on field trial applications of genetically modified (GM) crops, I empirically estimate the lower bound to R & D concentration in the agricultural biotechnology sector. I identify the lower bound to concentration using exogenous variation in market size across time, as adoption rates of GM crops increase, and across agricultural regions.
Author: Boris Maurer Publisher: Springer Science & Business Media ISBN: 3642959253 Category : Science Languages : en Pages : 167
Book Description
The common topic of this collection of studies is the interaction between innova tive activity of firms and industrial structure. I call this interaction technological competition. Firms invest into R&D in order to open up new or enlarge existing profit opportuni ties for the future. A successful R&D-project leads to an innovation. An innovation introduced into the market changes the competitive structure of the industry. At the same time the structure of the industry shapes the incentives to invest into R&D. What matters for these incentives is not so much the existing structure but the expected dynamic evolution of that industry which is again dependent on the innovative choice of firms. Amongst other things, the dynamic of industry evolution is therefore rooted in the dynamics of ongoing innovative activity. Of course, this is not always the whole sto ry. There are (more or less) exogenous factors, like knowledge spillovers from other sectors of the economy, technological breakthroughs in basic research that directly influence the state of competition in an industry by providing additional profit op portunities, etc. The same is true for exogenous changes in upstream markets or demand conditions. My main interest here is not primarily to understand these exogenous forces, but to develop a theory of how the process of firms' innovative activity is shaped by competition and in turn shapes future competition between firms in an industry.
Author: Cristiano Antonelli Publisher: Edward Elgar Publishing ISBN: 1845427920 Category : Technology & Engineering Languages : en Pages : 495
Book Description
This Festschrift explores the truly exceptional breadth and depth of Paul David s work, focusing upon his contributions to the topics of path dependence, the economics of knowledge, and the diffusion of technology. The book consists of 15 papers plus an introduction by the editors and an entertaining postscript by Dominique Foray. . . For economic historians, the papers on path dependence assembled in this book, and particularly the conceptual paper by Antonelli, should be essential reading. Nikolaus Wolf, Economic History Review Recent research on the economics of innovation has acknowledged the importance of path dependence and networks in the evolution of economies and the diffusion of new techniques, products, and processes. These are topics pioneered by Paul A. David, one of the world s leading scholars in the economics of innovation. This outstanding collection provides a fitting tribute to the diversity and depth of Paul David s contributions. The papers included range from simulation models of the evolution of market structure in the presence of innovation, through historical investigations of knowledge networks and empirical analysis of contemporary networks, to the analysis of the diffusion of innovations using simulation and analytic models and of the diffusion of knowledge using patent data. With an emphasis on simulation models, data analysis, and historical evidence, this book will be required reading for researchers in innovation economics and regional development as well as economists, sociologists, and historians of innovation and intellectual property.
Author: Aamir Rafique Hashmi Publisher: ISBN: 9780494394694 Category : Languages : en Pages : 348
Book Description
This dissertations consists of three chapters. In the first chapter I study the relationship between product market competition and innovation in the US manufacturing industries. The main finding is that there is a weak inverted-U relationship between competition and innovation. Another finding is that the innovative activity in neck-and-neck industries (industries in which the total factor productivity of an average firm is close to that of a leader) is no higher than the innovative activity in the industries in which the technology gap is higher. In the second chapter, I construct and estimate a dynamic model of the global automobile industry. I use the model to study the interaction between market structure and innovation in the industry. My findings are the following: (1) The effect of market structure on innovation in the global auto industry depends on the initial state of the industry. If the industry is not very concentrated, as it was in 1980, some consolidation may increase the innovative activity. However, if the industry is already concentrated, as in 2005, further consolidation may reduce the innovation incentives. (2) Mergers reduce the value of merging firms though they may increase the aggregate value of the industry. (3) Mergers between big firms eventually reduce consumers' utility. In the third chapter I ask how important the lack of human capital and the poor quality of institutions are as barriers to technology adoption. To answer this question I construct a variant of the neoclassical model. In the model the efficiency of investment in technology capital (which is the sum of intangible capital and a fraction of physical capital that embodies technology) varies directly with the level of human capital and the quality of institutions in the country. I study the implications of a calibrated version of the model for cross-country income differences. For reasonable parameter values, the model can explain a large proportion of the cross-country variation in income. The required TFP ratio between the rich and the poor countries to explain the observed income differences almost doubles if the human capital and institutional are assumed not to affect technology adoption.
Author: David J. Teece Publisher: World Scientific Publishing Company Incorporated ISBN: 9789810244460 Category : Technology & Engineering Languages : en Pages : 514
Book Description
Profiting from Technological Innovation: Implications for Integration, Collaboration, Licensing and Public Policy ; Capturing Value from Knowledge Assets: The New Economy, Markets for Know-how, and Intangible Assets; Dynarnic Capabilities and Strategic Management; Mitigating Procurement Hazards in the Firrn Organization, Industrial Structure, and Technological lnnovation; Organizing for Innovation; Managing Intellectual Capital: Licensing and Cross-Licensing in Serniconductors and Electronics; The Market for Know-How and the Efficient Intemational Transfer of Technology; Technology Transfer by Multinational Firms: The Resource Cost of Transferring Technological Know-How; Antitrust Policy and Innovation: Taking Account of Performance Competition and Competitor Cooperation; Information Sharing, Innovation, and Antitrust (Antitrust Law Joumal, The Meaning of Monopoly: Antitrust Analysis in High-Technology Industries; The Analysis of Market Definition and Market Power in the Context of Rapid Innovation; Towards an Economic Theory of the Multiproduct Firm; The Dynamics of Industrial Capitalism: Perspectives on Alfred Chandler's Scale and Scope.
Author: Giovanni Dosi Publisher: Edward Elgar Publishing ISBN: 9781782541851 Category : Business & Economics Languages : en Pages : 728
Book Description
Conventional economic analysis of property rights in natural resources is too narrow and restrictive to allow for effective comparisons between alternative institutional structures. In this book, a conceptual framework is developed for the analysis of the
Author: Dilmus D. James Publisher: Springer Science & Business Media ISBN: 146155697X Category : Business & Economics Languages : en Pages : 161
Book Description
Technology, Innovation and Industrial Economics: Institutional Perspectives, inspired by the work of William E. Cole, Professor Emeritus at the University of Tennessee at Knoxville, extends his work with essays on technology, innovation and industrial economics from an Institutionalist perspective. The managerial style, innovational practices and industrial setting of the continuous improvement firm are central to several chapters. This volume also features innovation and technology in Latin America, Adam Smith's writing on entrepreneurship and a comparison of American and European Institutionalism. The topics of technology, innovation, industrial organization and industrial policy are being widely discussed and debated in today's literature, but seldom from an Institutionalist perspective. The purpose of this book is to reduce substantially this missing dimension in the ongoing debates on these important issues.
Author: Cristiano Antonelli Publisher: Edward Elgar Pub ISBN: 9781847203236 Category : Business & Economics Languages : en Pages : 485
Book Description
'This Festschrift explores the truly exceptional breadth and depth of Paul David's work, focusing upon his contributions to the topics of path dependence, the economics of knowledge, and the diffusion of technology. The book consists of 15 papers plus an introduction by the editors and an entertaining postscript by Dominique Foray. . . For economic historians, the papers on path dependence assembled in this book, and particularly the conceptual paper by Antonelli, should be essential reading.' - Nikolaus Wolf, Economic History Review
Author: Benjamin Christopher Anderson
Author: Benjamin Christopher Anderson
Author: Boris Maurer
Author: Cristiano Antonelli
Author: Aamir Rafique Hashmi
Author: David J. Teece
Author: Philip Garland Gayle
Author: Tuomas Saarenheimo
Author: Giovanni Dosi
Author: Dilmus D. James
Author: Cristiano Antonelli